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Blue Nile Offers Expanded Financing Options

November 17, 08 by IDEX Online Staff Reporter

With people watching every penny they spend this holiday season, online jewelry retailer Blue Nile recently announced the expansion of the "Bill Me Later" payment option, which enables customers to finance their payments with interest free credit.

 

Online and phone customers now have the option of no interest financing for six months on orders over $500. On orders over $250, customers can select Bill Me Later and pay no interest for 90 days.

 

In addition to Bill Me Later, Blue Nile also offers third-party financing through Bank of America, as well as payment options that include PayPal, all major credit cards and bank wire transfers.

 

To use Bill Me Later, customers simply select Bill Me Later as their payment method at checkout, answer two questions and then accept the terms. An approval response takes only a few seconds, there are no application fees and there is no need to apply ahead of time.

 

“Blue Nile is always looking for ways to enhance the shopping experience for our customers, especially throughout the holiday season,” said Diane Irvine, Chief Executive Officer of Blue Nile.

 

After years as a retailing wonder, Blue Nile experienced a third quarter sales drop of 7 percent in the U.S. and a corporate profit drop of 21 percent. Figures released for October showed total corporate sales fell by 20 percent worldwide.

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