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The move, presumably, is both a competitive one and a response to the current financial crisis. While BillMeLater does look at one’s credit history before allowing a purchase to go through, growing concerns that customers ultimately won’t be able to make the payment on their purchases likely gave Amazon enough pause to pull the plug.
Not to mention, it sends a big shot across the bow of eBay, who paid more than $800 million for BillMeLater back in October. According to one estimate, Amazon accounted for 10-15% of BillMeLater’s total transaction volume.