PayPal

PayPal to Offer Business Cash Advance Solution for Small Businesses

New Working Capital fund for PayPal business customers and eBay sellers announced to meet “enterprise funding gap” PayPal has announced a new solution that will offer cash advances to the UK’s small and mid-sized businesses in order to help close the current funding gap. PayPal business customers, including eBay sellers, will be able to utilise the payment group’s Working Capital fund to access merchant cash advancements against future sales. Small businesses will be able to access funding quickly and without affecting their credit record. PayPal will make decisions based on the companies PayPal sales history and then transfer finance in “minutes” with a single, fixed fee presented to the business before they sign up. PayPal’s Working Capital fund also allows businesses to pay back the adv... »