Before you use “Bill Me Later,” Read This!
June 17th, 2007 
You’ve probably seen the “Bill Me Later” payment method on various internet stores and shopping sites. By using this payment option, you can bypass inputting your credit card information at checkout. Instead you are sent an invoice through the mail.
What you may not know about this payment method is that it comes with a 19.99% APR if you are not able to payoff the bill on the first statement. Their APR and late fees may be comparable, if not higher, than the costs of using your credit card.
“Bill Me Later” tries to target consumers who are hesitant about using their credit cards online. Being cautious about identity theft is understandable, but the reality is, there are more occurences of identity thefts committed at the mailbox than on the internet. According to statistics, 8% of all identity theft are a result of mail theft, while only less than 1% occur on the internet.
So, think about this next time you’re at the checkout.
