PayPal To Offer New Lending Program To Merchants
PayPal is going to be starting a new program you might be interested in.
They will take their current lending program and extend it to businesses and merchants.
Check out this post called “PayPal offers small businesses simple financing option” by Alistair Barr and learn more about this new program…
“EBay Inc.’s payments business, PayPal, already lends money to online shoppers, but it is now starting to finance the merchants who sell on the company’s online marketplaces.
PayPal has already tested a financing program for eBay sellers in the U.K. and it plans similar tests in the United States this year, a company spokesman said on Tuesday.
“‘Marketplaces is a great innovation lab for us to test new experiences,” Gary Marino, senior vice president, global financial services at PayPal, said at eBay’s investor day last week. “We’ve done it successfully with credit and we are experimenting with many new capabilities which will drive share like small business lending.’
‘The U.K. program and the up-coming U.S. test focus on merchants selling on eBay.com, which number in the millions.’
Related article
- Use These 8 Loyalty Program Strategies To Promote Your Small Business (baybusinesshelp.com)
