Here's the rub. There is a minimum charge for the 6 month no payment no interest on the first charge or later Special financing; usually include a $99-199 minimum. I added another purchase to the account of $40 and I am now paying a minimum payment of $35 @ month and being charged 20% interest (well that's if the balance goes over a month, otherwise you still get charged a minimum $2 interest). If you read the fine print, it is what you agreed to. However their advertisements are a bit misleading. Take a look at this
..up to 6 months to pay.
With so much advertising about the 6 month no payment no interest, there is very little info that this is a promotional offer; after your first purchase, additional charges using Bill Me Later® may be at 20% interest credit card. While ebay/PayPal promotes Bill Me Later® as Secure, fast, easy...checkout is a breeze, anyone that uses PayPal should know thay you can attach a credit card and purchase items through the credit card at what could be a much lower interest rate than 20%. Further, Bill Me Later® is definitely set up to be computer paid. Bill Me Later® does not mail it's statements, but a link is sent by email where the account holder has to log in to see their statement; for some this will mean it will be easily forgotten. There have also been numerous anecdotal complaints that mailed payments have disappeared or applied weeks after the payment was mailed, incurring a late charge (I saw nothing to substantiate this, and it may just be the realization that they have been bumped to 20% interest, but it is included just so users of Bill Me Later® pay attention to the billing.
So, if Bill Me Later® a scam? No, but it can just be misleading and like anything else you need to read the fine print before you use the service.