Overstock.com adds PayPal Pay Later

Jun 26, 2008 (Datamonitor via COMTEX) -- PYPL | Quote | Chart | News | PowerRating -- Online retailer Overstock.com has announced that it is giving shoppers the ability to shop now and pay later with the promotional financing service, PayPal Pay Later.

According to PayPal, its Pay Later service gives Overstock.com customers a credit account with flexible financing options - even if a buyer does not have a PayPal account. As part of the introductory financing promotion, customers can defer payments on purchases for 90 days, allowing consumers to buy what they really want on Overstock.com and plan their payments in a way that best fits their budgets, the company said.

Patrick Byrne, chairman and CEO of Overstock.com, said: "Since launching in the fourth quarter of last year, PayPal has continued to add value to our website and our customers. Adding PayPal Pay Later as an additional way to pay allows us to continue to give our customers the best options at the best value."

Chris George, senior director of financial products at PayPal, said: "Overstock.com offers consumers access to great online deals for brand-name merchandise. We are excited to give Overstock.com shoppers even more ways to pay for purchases with the security and convenience of PayPal."

http://www.datamonitor.com

Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

Morning Coffee with TradingMarkets -- Free Newsletter

More News:   Market Updates | Stock Alerts | All Trading News | Stock Index