eBay offers PayPal Pay Later service

SAN JOSE, Calif. eBay is now offering its users PayPal Pay Later, a credit service that allows buyers to delay payments for 90 days for qualifying purchases between $50 and $199.

“We are excited to give eBay buyers even more ways to pay for items on eBay with the security and convenience of PayPal,” said Chris George, senior director of financial products at PayPal.

PayPal Pay Later is issued by GE Money Bank, one of the world's leading providers of consumer credit.