Monday, May 6, 2013
How to Make a Payment on PayPal Buyer Credit
1. Apply for PayPal Buyer Credit through the PayPal website. You will be asked to give some basic financial information in order for the company to run a credit check and approve you for a set credit amount. The application process is extremely quick and you will be approved within minutes.
2. Review the terms of your PayPal Buyer Credit agreement. You may be approved for one of PayPal's promotional financing offers. This includes no interest and no payments for a set period of time, anywhere from 3 to 12 months. Different sellers can also offer promotional financing rates through PayPal Buyer Credit.
3. Find vendors that accept PayPal. PayPal is the sole method of payment permitted through eBay. You can pay for your eBay auctions with your PayPal Buyer Credit as well as use the credit for other purchases made from vendors that accept PayPal. PayPal Buyer Credit will appear on your checkout screen as a payment option. Select the option and continue through the normal checkout process.
4. Make your payments to GE Money Back. You will not make payments to PayPal for items bought with PayPal Buyer Credit. GE Money Bank will send you a bill and it's your responsibility to make the minimum payments required to ensure that your account remains in good status.
5. Manage your PayPal Buyer Credit account on the GE Money Bank website. You can check your balance, available credit and recent transactions. You can also opt to receive electronic versions of your bill.
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