Your advance is on the way. Contact us if you don't see it in your PayPal account within 24 hours.
Designed for merchants with a strong PayPal sales history, our merchant cash advance allows businesses to access funds quickly to help them grow.
Follow these simple steps:
The minimum requirements to apply for PayPal Working Capital are that you:
Additional data regarding your PayPal account history, business performance and your financial position are also considered as part of the application process, to determine if you are eligible for PayPal Working Capital and to determine the size of the merchant cash advance available to you.
* Eligible sales are those made through your PayPal account net of any transaction reversals and excluding any non-business person-to-person transfers. Also excluded are any transfers or deposits you make yourself into your PayPal account, and any gambling transactions.
If your application is successful, funds are transferred to your PayPal account in minutes.
No, you don’t need to change a thing. Simply continue to process your business payments through your current PayPal account until your merchant cash advance amount and fixed fee have been repaid in full. Repayments occur automatically as a percentage of each sale.
No. We do carry out some checks to establish your business performance and financial position, but we do not report your position back to any credit reference agency so your credit score will not be affected.
No. You don’t need to change anything. With PayPal Working Capital, you can use any platform to sell – as long as you process your sales through PayPal.
The more you sell through PayPal, the more funding you may qualify for when you apply. If your PayPal activity changes, your eligibility and offer may change as well.
Your PayPal Working Capital cash advance offer is valid for a limited time. Should you decide to leave the application, your offer will have a specific expiry date. It remains available via the PayPal Working Capital site, and you only need to complete the application process to receive your funds. However, you will need to re-apply in full once your offer expires.
We will review your PayPal sales and account behaviour and, based on our assessment, determine the maximum cash advance amount available to you.
There’s just one fixed fee, which will be explained before you complete your application for PayPal Working Capital. There's no interest, no late fees and no fees for any additional repayments you make.
No. You’re charged a single, fixed fee. There is no interest on your merchant cash advance.
The fee is determined by your business's PayPal sales and account history, the merchant cash advance amount and the repayment percentage you select.
The higher your daily repayment percentage, the lower your fixed fee. A lower repayment percentage results in a higher fee – but more flexibility for your business, since you’ll get to keep a larger share of your daily PayPal sales.
Repayments are automatically deducted from your PayPal account as a percentage of each sale until the cash advance amount and fixed fee are paid in full.
You can also make additional repayments or even pay the cash advance in full without additional charges.
Your repayment percentage options may change based on the cash advance amount you choose. For higher cash advance amounts, some repayment percentage options could become unavailable.
Your first automatic repayment will occur approximately 72 hours after you receive your merchant cash advance. From then on, repayments are taken from your PayPal account as a percentage of each sale.
No. The repayment percentage you choose when you sign up applies until your balance is paid in full, so choose it carefully. However, since your repayment amount is a percentage of your PayPal sales, the amount deducted does change daily. If your sales fluctuate, so will your repayments.
If you have further questions concerning your repayment process please contact us.
Yes. You can make additional repayments towards your outstanding balance at any time without additional charge. Automatic repayments will continue, even if you make additional repayments, until your balance is repaid in full. You can make additional repayments using the tool on your PayPal Working Capital account dashboard.
No. Your fixed fee is determined at the time of your application and is not altered by early repayment.
There are no additional charges if your PayPal sales fluctuate or if you have days without sales. However, regardless of sales volume, a minimum level of repayment is required every 90 days, calculated from the day you receive your cash advance. Your minimum repayment amount is determined by your business profile and the terms of the cash advance you select, but will not be more than 10% of your repayment amount (cash advance plus fixed fee). If you don’t meet this requirement, we may ask you to repay the total amount outstanding.
The minimum repayment amount applicable to your cash advance will be outlined in your terms and conditions, which you will view before completing your application, as well as within the application flow.
We take your repayments from the balance held in the currency of your cash advance (GBP/£), if funds are available. If you don’t have enough funds in that GBP balance to cover the repayment, we may deduct funds from your other currency balances as required and PayPal’s standard currency conversion fees would apply.
If you make sales in multiple currencies, we calculate what each sale would be in GBP equivalent then apply your repayment percentage to that amount.
We consider sales as all payments you receive. We don’t include transfers from your linked accounts, personal payments, chargebacks or gambling transactions.
Also, note that net sales include taxes and postage costs in cases where they were included in the amount of the PayPal transaction paid by your customer.
The amount that you repay from each PayPal sale is calculated after PayPal transaction fees are deducted. Your PayPal transaction fees won’t change as a result of receiving the merchant cash advance.
The repayment from each sale is deducted immediately from your PayPal account. If a sale is returned, PayPal Working Capital will not refund the repayment amount from that sale to your PayPal account.
You can have more than one PayPal Working Capital merchant cash advance, but not at the same time. You must fully repay your outstanding merchant cash advance before applying for the next one. There is no maximum number of merchant cash advances you can take.
Having taken a PayPal Working Capital merchant cash advance in the past does not guarantee that you will be approved again in the future. Each application is assessed individually at the point the application is made, and is subject to account and sales behaviour, previous advance repayment performance and current PayPal policies.
You may apply for another merchant cash advance three days after you have repaid your existing merchant cash advance amount.
Each application for a PayPal Working Capital merchant cash advance is assessed at the point the application is made. The size of merchant cash advance available and applicable fixed fee may change depending on your account and sales behaviour, previous advance repayment performance and current PayPal policies.
If you have a PayPal Working Capital account you can access it by clicking on the login button at the top of the PayPal Working Capital landing page, or from the link on your PayPal account servicing page.
PayPal will monitor participating accounts for unexpected drops in PayPal volume and certain other types of behaviour. PayPal can terminate your agreement and the outstanding balance may become due immediately in some circumstances, including if you:
By entering into a PayPal Working Capital agreement, you are transferring ownership of a portion of your future sales to PayPal. Because of this, while you have an active PayPal Working Capital merchant cash advance, you should not take other cash advances, loans or other financial products that are secured against your future sales.
If you are a new customer interested in PayPal Working Capital please call us and we will be happy to help 0800 368 7173
Monday - Friday 8.30am – 4.30pm