Because your automatic repayments get deducted as a percentage of each PayPal sale, the amount you repay each day changes with your sales volume. The more you sell, the more repayment progress you’ll make that day. On days without sales, you’ll make no payments, but there is a minimum repayment requirement every 90 days.
Regardless of sales volume, you must pay at least 10% of your total loan amount (loan + the fixed fee) every 90 days for the first 540 days of the loan, or until you’ve repaid the full amount, whichever occurs first.
Here’s an example:
If you borrow $10,000 ($9,500 loan + $500 fixed fee), you are required to pay $1,000 every 90 days for the first 540 days of the loan.
For most of our customers, regular automatic repayments easily cover the minimum and this is never an issue. But if you do get behind, you can make additional payments on the PayPal Working Capital website.
If you do not meet the minimum and your loan goes into default, your entire balance could become due and limits could be placed on your PayPal account.
Please see Section 12 of the Terms and Conditions to learn more about default.