Amazon.com Enhances Payment Options with Bill Me Later

Dec 14, 2007


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Amazon.com announced it has signed an agreement with Bill Me Later, Inc., a provider of alternative payment technologies, to make the Bill Me Later payment option available on the Amazon.com website. The company also announced it is making an equity investment in Bill Me Later, Inc. Bill Me Later is an alternative payment technology for the largest online retailers. Bill Me Later enables consumers to shop online without using a credit card and helps retailers simplify the payment experience. The terms of Amazon's investment have not been disclosed. The transaction, which is subject to customary closing conditions, is expected to close in the first quarter of 2008.

(www.amazon.com)