How does paypal bill me later work?
I want to buy an iphone 4s on ebay and was wondering is I should use the bill me later option. I just turned 18 so my credit is either bad nor good. I want to know if you have used it before recommend using the option.
The question that I really wanted answer is is paypal telling us the truth when they say that "we" as the consumer buys the product really have up to 6 months to pay off the bill?
Will there be interest charged during those 6 months although they have stated in the fine print that says that you will not be charged interest during those 6 months?
Thank you to all who are willing to answer my question!
Added (1). Okay another thing I forgot that I have left out from my question is that I'm not using my paypal account. It is under someone who has been working with paypal for a while now but still doesn't understand the the bill me later process.
Reading the sites FAQ is always better then asking someone else. You have nothing to worry about though because you will not be approved no one is going to finance you at 18 for a consumer product.
It is illegal to use someone elses account to obtain credit
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