Originally Posted by
C.C.
Yup, it's a credit system without an actual credit card.
From BillMeLater's About page:
"Bill Me Later is a PayPal service that lets you buy now and pay later. Think of it as a secure, instant, and reusable credit line without the plastic. Bill Me Later is available as a payment option at thousands of online stores and once added to your PayPal account, it can be used almost everywhere PayPal is accepted.You can apply today, or choose to apply during checkout. To apply, simply enter your birth date and the last 4 digits of your Social Security number, then accept the terms. You’ll get an approval decision in seconds. Bill Me Later is subject to credit approval and offered by WebBank, Salt Lake City, Utah."