EBay Inc. is diving into the murky waters of consumer credit in a bid to boost sales, even as consumer debt delinquency rates are rising nationwide. The Internet auction site said its popular PayPal electronic-payments unit, which saw revenue rise 32% last quarter, would begin offering financing options for purchases on its eBay.com auction site with credit issued by General Electric Co.'s (GE) consumer credit arm. With the expanded service, eBay shoppers that can't afford an item up front can fill out an online application for PayPal Pay Later, which the company says can be completed in 30 seconds, giving them instant access to credit.
On morningstar.com
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