Solutions & Services
FAQs
What is Bill Me Later®?
Bill Me Later is a simple, secure, comfortable payment option that card-not-present merchants can provide to acquire and satisfy customers. Consumers love Bill Me Later because they can skip the work and worry of entering lengthy credit card numbers and enjoy additional buying power.
Bill Me Later allows merchants to offer a better buying experience and enjoy increased sales, average order values and repeat usage, while lowering transaction costs.
How is Bill Me Later different from other payment options?
Unlike other payment options, with Bill Me Later the customer does not need to provide a 16-digit number when making a purchase, nor do they need to set up an account in advance. Using minimal information provided by the customer at point of sale, a real-time credit decision is made. Once the purchase is authorized and settled, Bill Me Later sends the customer a bill with flexible payment terms.
How does a merchant benefit from integrating Bill Me Later?
Leading retailers use Bill Me Later as a sales, new customer acquisition and customer satisfaction tool. Implement Bill Me Later to immediately drive sales, supersize orders, increase conversions and acquire profitable, high-performance customers. All the while, reducing transactions costs by as much as 40%.
How do consumers benefit from Bill Me Later?
- Convenience: No need to look for and provide a credit card number when placing an order.
- Security: No credit card number that can be stolen or lost.
- Comfort: Customers know and understand this payment method from the familiar deferred payment option used in magazines.
- Deferred Payment: Customer has at least 25 days from the date of first purchase before payment is due.
Who is CIT Bank?
CIT Bank, Salt Lake City, Utah is a leading commercial and consumer finance company. Bill Me Later is offered through CIT Bank and managed by Bill Me Later, Inc. More information on CIT Bank can be found at www.cit.com.
Can small business buyers use Bill Me Later?
Bill Me Later Business is a solution tailored to the unique needs of small business buyers seeking instant credit and valuable financing promotions.