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Will Bill Me Later become a popular online payment method?
nilimit ( Score Rank: User did not make predictions in the last 30 days ) nilimit  |  closed on 30-Apr-2008 (688 days ago)
Bill Me Later Inc, that allows online shoppers to buy without using a credit card, announced that Amazon.com Inc. became its investor and plans to offer the payment option on its Web site. The service integrates with online stores. If they select "Bill Me Later" it asks for their birth dates and the last four digits of their Social Security numbers. Easy. Will it be the next big thing online like Paypal, Mastercard and Visa??
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Comments (13)
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  1. Landyman Landyman 802 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 76% ] No we still use Paypal, etc.
    (more)
    Not if the question is considering the world market,, something Americans don't often do!!
    [ reply ]
    1. goog goog 798 days ago
      0 vote This is Good This is Bad
      Agree. The credit card payment method is so popular in NA, it is hard to beat that.
       
  2. will101 will101 806 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 80% ] No we still use Paypal, etc.
    (more)
    Bill me later will have its niche, but won't capture a big market. Not in US at least.
    [ reply ]
  3. supermanchander supermanchander 807 days ago
    + 2 votes This is Good This is Bad
    predicted: [ Most Likely ] [ 99% ] No we still use Paypal, etc.
    (more)
    How are we defining popular here? 50% of online shoppers will use bill me later? 50% of all transactions will be bill me later? In any case, the adoption cycle for any new payment method is long so you will not see any big changes in one year. Furthermore, the relative advantage of bill me later is low compared to other payment methods. The only people who would use it are without good credit and they are not doing so well these days with the subprime mess.
    [ reply ]
    1. nilimit nilimit 806 days ago
      0 vote This is Good This is Bad
      Ya it's a causal prediction (as we have no way to know the actual market share of Bill Me Later). Your interpretation of the topic sounds right. I heard that Amazon wants to offer the service to shoppers with good credit ... so really not sure its market position.
       
    2. will101 will101 806 days ago
      0 vote This is Good This is Bad
      Billmelater is an oddball payment method. Isn't it more convenient to just get a credit card, have your credit history checked once instead of a hundred times?
       
  4. MasterMind MasterMind 812 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 74% ] No we still use Paypal, etc.
    (more)
    It takes time for consumers to adapt to new payment method...
    [ reply ]
  5. oilman oilman 818 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 53% ] No we still use Paypal, etc.
    (more)
    Too many payment method now... And I don't like my credit history getting checked on every purchase.
    [ reply ]
  6. Wallace Wallace 819 days ago
    0 vote This is Good This is Bad
    I have a bad feeling about this payment method. I am afraid it will attracts people with credit history and can't get a credit card.
    [ reply ]
  7. Guru Guru 819 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 60% ] No we still use Paypal, etc.
    (more)
    As long as online merchants are willing to take a higher risk to increase sales, this idea will work. But not sure if it will get more popular than credit card.
    [ reply ]
  8. nilimit nilimit 819 days ago
    0 vote This is Good This is Bad
    the company site: http://www.bill-me-later.com/wss/inde...
    [ reply ]
  9. nilimit nilimit 819 days ago
    + 1 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 84% ] Ya it captures a big market
    (more)
    sound it on the ride of borrowing more money to buy ... it can definitely get more people shop online without leasing credit card info.
    [ reply ]
    1. Guru Guru 819 days ago
      0 vote This is Good This is Bad
      I don't think you can borrow MORE money. A credit card is basically a credit check certificate which indicates your borrowing limits based on your credit history. This bill me later thing is basically on-the-fly credit check. So, you still have the same borrowing limit no matter which payment method you use.
       
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