How to make a PayPal loan?
Get up to $ 20,000 dollars or $ 45,000 in borrowed money using your email! Do you know the PayPal email loan? Credit operations with PayPal is already known in the world of Bloggers and people and companies working in the virtual commerce on the internet. This time PayPal innovated by starting a new banking service for merchants. PayPal online payment service enters the credit segment with a new service for entrepreneurs and merchants.
Loans using PayPal, a new loan service for businesses. According to PayPal banks are no longer the only ones providing credit. For those who do not know, PayPal is an online payment service that allows you to carry out financial transactions with numerous cards and banks in the virtual commerce, so simple that just enter an email address that transactions are carried out with total security.
The fact is that the best known internet service for online payments started another service that is currently experimental. PayPal wants to make loans through the internet and started the experience in the British territory. It is worth mentioning that the transactions are already a success, because of this, PayPal has extended the service to the United States, and at that time Europe is also getting acquainted with the loan via PayPal.
The operation is simple and easy, the service allows a merchant to boost their business by easily borrowing and financing money. You must sign the service. The interesting thing is that there is no need to demonstrate the financial results of the company or present a guarantor.
As every financial service there are advantages and disadvantages, the negative side is interest, it may be higher than usual. Another detail is the absence of guarantees, this ends up limiting the values up to a maximum of $ 20 thousand dollars. This means that it is good for companies that work with the internet but bad for traditional companies that have never used PayPal.
Anyway, for people who are already accustomed to PayPal, getting the loan via email through PayPal is done in a totally innovative way.
Instead of paying installment fees monthly as banks do, PayPal will maintain a discount on the volume of money handled daily that ranges from 10 to 30% until the loan is repaid in full. An excellent maneuver so as not to run the risk of the borrower to skip a payment or leave the payment procedures.
It only remains to know if this PayPal loan mode will be offered in Brazil.