Talk:PayPal Credit

Sale to Comenity Capital Bank

PayPal sold their credit operations to Alliance Data Card Services doing business as Comenity Capital Bank. I'd write it up myself but I work for Card Services and I know it's frowned upon when employees do that around here. If anyone does want to add that and edit the infobox I can point you to the press release on the ADS website you can use as a source 97.123.237.155 (talk) 02:18, 21 May 2017 (UTC)

It seems that Synchrony Bank now handles PayPal Credit so adding such info now would not be of use. I am a personal user of PayPal Credit and they do require you now to pay your bill through your account through PayPal with ACH and the funding gets transferred to Synchrony for payment. JasonHockeyGuy (talk) 01:38, 19 March 2023 (UTC)

Stolen Items

What if a consumer uses Bill Me Later and just within the first 90 days the item is stolen ( police report made and other damages paid documented ) .. does bill Me later insure the consumer in this case and that insurance payoff the otherwise debt?

Look on their site. Perhaps some source says so one way or another. Hellno2 (talk) 14:48, 27 January 2010 (UTC)

Term origin

This originally came from magazine subscriptions where "bill me later" is a payment option. —Eekerz ^(t) 11:46, 12 April 2010 (UTC)

Mathematical probabilities

"The probability that one cannot pay for the entire month of purchases in full is much higher than the probability of paying for each individual purchase in full. Mathematically, if the probability of paying off a purchase in full is P(x), then the probability of paying of n purchases is P(x1)*P(x2)*...P(Xn). So BillMeLater raises the probability of failure, and charges interest on the full amount rather than the remaining balance."

This is pure balderdash. First of all, paying a bill is not a random act, so how could a probability be associated with it? Second, even if we assume that the state of being *able* to pay off a debt is random, these probabilities are not independent. If the first purchase is $90, and the second purchase is also $90, and the probability that I have $100 in my bank account is 50%, then P(x1)=50%, and P(x2)=50%, but the probability that I can pay off both purchases is 0%, because $100 isn't enough to cover both purchases. — Preceding unsigned comment added by WRLO56 (talk • contribs) 03:47, 10 December 2012 (UTC)

CFPB investigation

Bill Me Later is being investigated by the Consumer Financial Protection Bureau for illegally high interest rates and for deceptive business practices. Bloomberg, among others, has published articles. Are we allowed to mention an investigation before it concludes? — Preceding unsigned comment added by 2601:4:680:1256:DDD:173B:9E60:D240 (talk) 13:24, 12 July 2014 (UTC)