PayPal Working Capital Loans - Is It Right For You?

[@justrandomstuff7910]

3 loans approved, over 400k in sales through PayPal over 3 years, just paid off the last loan last week. Our revenue is 350% higher now than when we received the last loan: DENIED twice this week😡

[@lovelylyfe932]

Pay pal denied me

[@EadoCleaning]

I meet the criteria but got denied,do u know what could be the reason? Or what i should work on to get approved?

[@MerchantMaverick]

Hi there! We’re sorry to hear that your application didn’t go through. Denials can happen for various reasons, ranging from issues with your business profile to PayPal’s sometimes unpredictable application and verification process. While it can be tough to pinpoint the exact cause, here are a few tips that may help improve your chances: - Wait three days before reapplying if you’ve recently paid off a loan. - Double-check your business information and address for any discrepancies. - Clear any outstanding PayPal credit balance. - Don’t hesitate to keep trying! If you’re still running into roadblocks and need a faster solution, exploring alternative lenders might be a good idea. We’ve put together a list of top PayPal working capital alternatives you can check out here: www.merchantmaverick.com/paypal-working-capital-loan-declined-try-alternatives/ Best of luck, and we hope you find the right funding option soon!

[@TKO67]

would be nice to know why you would get a denial if they looking at your credit card monthly sales.

[@MerchantMaverick]

Hi Chris! We completely agree. The reason for a denial isn’t always easy to determine. The most common problems appear to be an identification error (the system could not verify your information), error code 646 (you have abnormal sales), error code 641 (sales holds or a pending balance on your account), or you’re applying too soon after paying off another loan. You can check out our tips on troubleshooting a PayPal Working Capital Loan denial in this article: www.merchantmaverick.com/reviews/paypal-working-capital-review/#Application_Process We hope this info helps you determine the best next steps to take for your business. Thanks!

[@CACTUSKIING28]

Cool video bro

[@MerchantMaverick]

Thanks for stopping by our channel!

[@AshishKushwaha-ob1bn]

Is that true paypal gives loans with 0% interest, if i repay within 6 months

[@MerchantMaverick]

Hello! The only fee PayPal charges is a one-time fixed fee, calculated once by multiplying a factor rate (sometimes called a “buy rate”) by the principal. This fee must be repaid along with the principal. Because PayPal does not charge interest (which compounds), your fee will not change regardless of how long you take to repay the loan. To learn more about PayPal Working Capital loans, check out our full review: www.merchantmaverick.com/reviews/paypal-working-capital-review/

[@KamauAustin]

OK thanks for your info.

[@MerchantMaverick]

We're happy to see you and hope you find this helpful!

[@lovelylyfe932]

What if I want to do affiliate can I do this

[@MerchantMaverick]

Hey Lovely Lyfe! Can you please provide a little more context to this question? We'll be sure to get back to you soon!

[@lovelylyfe932]

@@MerchantMaverick what if I want to get the 10,000 business loan and use it to open a Amazon selling account would that work?

[@MerchantMaverick]

@@lovelylyfe932 Yep! You can spend your loan funds however you'd like to.

[@lovelylyfe932]

@@MerchantMaverick okay

[@KingLou97]

Isnt logan paul the Maverick guy?

[@MerchantMaverick]

Hey Luis! Thanks for stopping by! Our CEO, Amad is the one and only, O.G. Merchant Maverick guy! (Logan Paul is the founder of a different company, Maverick Club😉)

[@joemays6843]

tank you sir

[@MerchantMaverick]

We're happy you stopped by, Joe!

[@GoddessGrowingPains]

Thank you for this.✨

[@kennethboateng6987]

Can I talk to you on telegram please

[@MerchantMaverick]

Hi Kenneth! We don't use Telegram. Is there a question you have?

[@kennethboateng6987]

@@MerchantMaverick Thanks

[@charlieandgeorgeplay]

Do you know what denial code DLGJ0905 means. I've previously paid off a loan now getting rejected right when I've been given a great opportunity to upscale my business before Christmas. Its really stressful

[@MerchantMaverick]

Hi Jordan! We are so sorry to hear that happened to you. It sounds like the denial code can mean either two things: 1) an identification error (the system could not verify your information) or 2) you’re applying too soon after paying off another loan. There are a few things you can try to do in this situation! You can wait 3 days (if you have just paid off a loan, PayPal advises merchants to wait at least three days before applying for another so that the system has time to process the status of your old loan), check your business information or address, clear your PayPal credit balance, or just keep applying. If you keep getting denied and don’t have time to keep applying, you might want to seek out an alternative lender! LoanBuilder, a PayPal service, offers decent rates and quick funding, so it’s a good place to start. To learn more about alternative lenders, check out our article: www.merchantmaverick.com/paypal-working-capital-loan-declined-try-alternatives/. Best of luck!