[smitop]

It seems you can't pay with cryptocurrencies; in order to use the pay later thing you need to be paying with a credit card. The pay later service is provided by a 3rd party, and usually they just give the full amount (minus whatever % they charge for the service) to the merchant right after the purchase.

If their attempts to charge your credit card fail then the pay later company can use the usual tactics to get you to pay loans, since they require some of your personal information when setting up the payment: sending threatening messages, adding a bad mark to your credit report, etc.