Buy It Now, PayPay It Later …

By Michael Santo
Executive Editor, RealTechNews

eBay’s payment arm, PayPal, is going to start offering financing terms. So you can now Buy it now, but Pay for it later.

Ebay Inc’s PayPal said on Thursday it would offer credit financing with General Electric Co’s GE Money Bank in a bid to win new users and improve business for merchants that use its service. Source: Reuters

We Say: PayPal is trying to make sure it keeps market share over Google Checkout, so I can see why they are adding features. But I’m not sure they need worry. For example, just today, the New York Times had a review which … and I agree … shows that Google Checkout, while good for basic needs, simply fails to compare to PayPal for versatility.