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Friday, Jul 13
2012, 7:03 PM
Bill Me Later, eBay's (EBAY) other big online payments business, continues to perform well....
Bill Me Later, eBay's (EBAY) other big online payments business, continues to perform well. Bought for $945M in 2008, BML delivers short-term credit to online shoppers. It generated $2.3B worth of loans last year (+64% Y/Y), and has become the Web's #3 alternative payment option. Morgan Stanley's Scott DeVitt thinks BML, whose usage comes with the ancillary benefit of allowing PayPal to avoid transaction fees, could generate $500M+ in revenue in 2015, up from less than $200M in 2011.