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EBay to let users defer payments

May 16, 2008|From Times Wire Services

EBay Inc. has launched the PayPal Pay Later credit service, allowing certain U.S. buyers financing with no payments for 90 days.

The deferred-payment option is available for purchases from $50 to $199. The program is a partnership with GE Money Bank, a unit of General Electric Co., EBay said.

San Jose-based EBay is trying to steer more users to its PayPal system for Internet transactions as it competes with Amazon.com.

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