Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 04 April 2013 10:43

Paypal starts loaning money to vendors

Written by Nick Farrell



Lend us a tenner till Friday

PayPal has started to finance the merchants who sell on the company's online marketplaces.

The company has tested a financing program for eBay sellers in the UK and it plans similar tests in the United States this year, a company spokesman said. Gary Marino, senior vice president, global financial services at PayPal, said at eBay's investor day that the programme has worked successfully with credit and we are experimenting with many new capabilities which will drive share like small business lending.

The UK program and the up-coming U.S. test focus on merchants selling on eBay.com, which number in the millions. The PayPal spokesman said the UK test was only available to a small number of merchants who were pre-selected. The company is moving into a vacuum left when Banks and other providers of loans for merchants pulled back after the 2008 financial crisis.

The combination of fast-growing online shopping and a lack of credit for smaller businesses has created strong demand for new types of financing among sellers that ply their trade on Amazon.com, eBay.com and other marketplaces.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments