Featured Articles

Android Wear installed on 50-100k phones

Android Wear installed on 50-100k phones

Android Wear is a companion app that you need in order to run your new Android Wear watch.

More...
AMD launches 45W desktop Kaveri parts, finally

AMD launches 45W desktop Kaveri parts, finally

AMD has finally launched three 45W Kaveri SKUs, which were in the works for months. The three chips feature configurable TDP,…

More...
Desktop Broadwell LGA is Socket 1150

Desktop Broadwell LGA is Socket 1150

Broadwell was supposed to come in 2014 and it will ship in the last quarter of this year for detachable thin…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

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