PayPal announced today that it will be offering holiday promotions for the first time, through the end of the year. These include price matching, “bill me later,” and return shipping courtesy of PayPal.

“Pay with PayPal and get the lowest price using our Price Matching offer,” says PayPal “shopping specialist” Claudia Lombana. “If the item you purchase is advertised for lower with any merchant within 30 days of purchase, you can receive a reimbursement for the difference. It doesn’t matter if you bought the item online, in a store or a new item from eBay’s Top-rated sellers using “Buy It Now”. And get this – even airline tickets from the same carrier that drop in price within seven days of your purchase are eligible for price match!”

The price matching is limited to up to $1,000 and $250 per item. It also doesn’t apply to advertisements of cash-only sales, closeout sales, flea markets, fire sales, going-out-of-business sales, limited-quantity promotions, door busters, Auction sales, sales valid for less than one day, or liquidation sales. You can read the full terms here (pdf).

“If you change your mind about a gift you purchased within 30 days and the merchant accepts returns but doesn’t cover return shipping, feel free to return it with our complimentary return shipping,” says Lombana. “We’ll send you a pre-paid shipping label within five days after you file your claim or we’ll refund the return shipping cost you already paid directly to your PayPal account.”

There is a $100 limited on this, and $25 per item. Again, there are some restrictions, such as animals, living plants, boats, automobiles, aircrafts and other vehicle related equipment, cash, bullion, computer software, and various other things. Again, see the terms here (pdf).