Paypal Working Capital

[ModernAndy]

Has anybody used this service from Paypal yet? Any feedback?

I'm tempted to use it for a little bit of extra capital, say up to around £2,000. I want to keep our account in as good a standing as possible as it is a crucial service for our business and I am a little concerned that Paypal may consider our account as higher risk (and therefore be more likely to restrict it if somebody opens a case against us for whatever reason) if it is marked as owing money to Paypal. There won't be any issues making repayments and we put 6 figures through Paypal a year. All advice welcome.

[veevee]

If you turn over that amount I can't see why you wouldn't use them. Have used them to bridge gaps in the past, you can choose your own repayment period and the interest varies on that. Interest also seems to vary with the amount you borrow, very small amounts or anything into five figures seem to be disproportionately expensive. T 'interest' is actually a fixed fee, so no real advantages for repaying early.

Handy though, a few clicks and the money is straight in your account, infinitely easier than dragging through a 'proper' loan application.