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Old 2nd Aug 07, 07:21 PM
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PayPal offers 'pay later' option
*Source: Reuters (http://www.reuters.com/article/inter...579620070802)*
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LOS ANGELES (Reuters) - Ebay Inc's PayPal said on Thursday it would offer credit financing with General Electric Co's GE Money Bank in a bid to win new users and improve business for merchants that use its service.

Online payment service PayPal is facing increased competition from Google Inc's, Checkout, which has made a concerted effort to win over businesses that sell on eBay.

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