Paypal Working Capital

[Smart Mart]

Anyone tried working capital with Paypal? i was thinking of doing it & was just wondering if there any reviews on it?

[mrs maggot]

we used it last year, via a pre-run scheme, the payments are taken every day, depending on the level of sales you make, we chose to repay at the highest level borrowed 2K the fee is shown upfront from memory it was around £100 and there is no more interest than that, the payments are taken automatically, and you can log into your working capital page from your paypal account (which is clumsy and they were supposed to be changing after feedback from a few loaners) Don't opt for the highest payment level if you rely on your payments heavily as to see between £15-£30 going every day 7 days a week, can be heart stopping, if you were relying on the whole amount from sales, but for us it was great. But I have to say I would use it again.

[Smart Mart]

Thanks v much, will give it a go i think.