Email a copy of 'eBay Wants a Piece of Merchant Loans with LendingPoint Deal' to a friend
Loading ...
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.
Instead of jumping into bed with the dog with fleas why not get a loan from your local bank????????????? Or is credit so much of a problem one has to jump into bed with the dog.
because maybe this working capital loan doesnt require a credit check.
maybe it doesnt require an in-person visit.
maybe you get funded within 5-10 minutes
Because Paypal offered loans without a credit check. Loan amounts and rates were based on a seller’s volume, with no closed date for repayment, only a percentage of each sale made. No bank is going to offer you anything like that.
Are they licensed as a lending broker?
These offers are only available to sellers within the USA so are no help to those like myself who are located in the UK. I have a PP capital advance currently which I intend to pay off within the next couple of months before I am railroaded into the dreaded mangled payments. Fortunately I do sell on Ruby Lane and other sites so the bulk of my sales come from outside Ebay. Hopefully I will continue to be able to apply for PP loans albeit on a reduced basis. PP capital loans have proved to be very useful in the past to enable purchase of new stock.
this is not going to be good for those that get loans through the San Jose mafia
RL15,
No it is not.