What does the pay later on eBay do?

Answer 1

The bill me later facility of eBay is a PayPal service where you are able to but now and pay later. It is a very convenient and secure way to pay on the web or over the phone. Bill Me Later lets users pay without using a credit card where you simply need to provide your birthday and the last four digits of your social security number, accept the terms to have your purchase completed. It's that easy!

Then, approximately within 10-14 days after your purchase, you will receive an email with a link to your electronic statement. All you need to do is to select Bill me later option in your Paypal account as your payment method. You will be required to provide your birth date and the last 4 digits of your social security number and it would be approved in minutes once you accept the terms.