Online payment service PayPal will offer credit financing with General Electric's GE Money Bank in a bid to win new customers and improve business for merchants that use its service.
PayPal, which is owned by eBay, is facing increased competition from Google's Checkout, which has made a concerted effort to win over businesses that sell on eBay.
The new PayPal service, called PayPal Pay Later, lets online merchants offer a credit account with flexible financing options such as no payments for 90 days.
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