Overstock.com Inc. is offering a new delayed payment option, PayPal Pay Later. The PayPal Pay Later service gives Overstock.com customers a credit account with flexible financing options, even if a buyer doesn't have a PayPal account. As part of the introductory financing promotion, customers can defer payments on purchases for 90 days. Details of the financing were not delineated, but the program is designed to allow consumers to buy what they really want, "and plan their payments in a way that best fits their budgets," according to an Overstock.com statement.

Overstock.com launched PayPal in the final quarter of 2007. "Since then, PayPal has continued to add value to our website and our customers," said Patrick Byrne, chairman and CEO. "Adding PayPal Pay Later as an additional way to pay allows us to continue to give our customers the best options at the best value."

"Overstock.com offers consumers access to great online deals for brand name merchandise," added Chris George, senior director of financial products at PayPal. "We are excited to give Overstock.com shoppers even more ways to pay for purchases, with the security and convenience of PayPal." Overstock.com Inc. is an online closeout retailer. It is based in Salt Lake City. PayPal is an eBay company.