Amazon Says Yes To Bill Me Later

After making an equity investment in Bill Me Later, Inc., an online payment company, Amazon.com said it would also make the Bill Me Later payment option available on the site for purchases.

Terms of the deal were not disclosed, but Amazon will be billed later, when the deal closes in the first quarter of 2008.

Ba-rum-bum-bum.

Bill Me Later calls itself an "alternative" payment provider as their service allows consumers to shop online without a credit card. Instead of using a physical card or number, customers with approved credit can make a purchase, and receive a bill for it in the mail the company.

Bill Me Later was named the sixth fastest growing companies in the US by Inc. Magazine. The company boasts a three-year growth over 8,600 percent.