![]() PayPal says such a loan is best for a business that has more than $42,000 in annual revenue, and has been in business for at least nine months. You may apply to borrow from $5,000 to $500,000. PayPal business loansĪ PayPal business account makes your business eligible to apply for two types of business loans. This may serve as an incentive for customers to buy from you, rather than from a competitor that does not offer PayPal Credit. For example, they will pay no interest if the transaction is paid in full within six months on purchases of $99+. PayPal Credit offers its own credit and terms for your customers, which may be more favorable than terms offered by their other credit cards. It is always good to shop around periodically for the best rates and terms available at the time. Also, as with any processing company, the fees are subject to change. PayPal's fees may be better or worse than what you can get from other credit card processing companies. Also, PayPal offers various premium accounts that come with monthly fees, different features, and different transaction fees. If you process at least $3,000 per month, you may apply for a PayPal merchant rate, which may reduce your processing fees. Additional fees are charged for accepting payments in other currencies.
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