PayPal offers new financing solution for online merchants

PayPal expands its offering for small and medium businesses. With PayPal Businesskredit, the company will offer its merchants a financing solution in the future, instant loans up to 24,999 euros. Repayment will be made via the merchant’s PayPal sales. 

The payment service provider PayPal is further expanding its business model and adding a financing solution for online merchants to its product portfolio. Applying for a PayPal business loan is done completely online. The approval and financing is decided directly during the application process. The verification is carried out primarily on the basis of the data available at PayPal. Within a few minutes, merchants receive information on whether they are granted a loan, the possible amount and the conditions. If an entrepreneur decides to make use of this business loan, the amount is made available directly on his PayPal account.

“Since our start in Germany almost 15 years ago, we have supported companies of all sizes in successfully operating their online business. With PayPal Businesskredit we now offer small and medium-sized merchants a financing solution. With it they receive simply and fast the necessary means, in order to develop their business further.”, says Michael Luhnen, Managing Director, PayPal Germany, Austria and Switzerland.