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PayPal working Capital Code DLGJ0656

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Re: PayPal working Capital Code DLGJ0656

Exactly. We have done 7 loans already and have been applying every day for the past 2 months straight and absolutely nothing at all. It's ridiculous that they would do this to loyal, longtime members. More people need to speak on this so we can get this resolved. If we keep on contacting them regarding this sooner or later they are going to realize it's an issue and will be tired of people calling constantly all inquiring about the same thing that they will have to do something about it. Don't give up!
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Contributor

Re: PayPal working Capital Code DLGJ0656

Paypal trying to deleverage, regardless if customers are good or not.  They trying to reduce their exposure, by having a blanket boycott  on sellers good and bad they will push us to find alternative finance and damage their own business,   

the way they have treated customers without True explanation makes us cautious using their facility at all, especially Ebay sellers which will now be given Ebay payment options.

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Contributor

Re: PayPal working Capital Code DLGJ0656

From my experience, I have gotten the same denial code, but I found some threads that seem to explain it. When you finish a loan and even maybe pay off the remaining balance with a last big manual payment you must wait for about 48 hours to apply for a new one or you will get the decline code. If it pays off normally with sales it seems to be okay to apply for a new one right away. But, if you pay it off with a manual payment, wait for about 48 hours and it should work. Twice I have paid it off early and twice it took about 2 days for the new loan to be approved. Once or twice I let the sales pay off the loan and I could get a new one almost right away. This is just my experience. The threads I read says that all the systems have to clear that the loan is paid or it will decline thinking you still have one going. Again, I have had about 8 or 9 loans and this is my experience with it. 

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Re: PayPal working Capital Code DLGJ0656

I was advised that the decline was due to change in sales pattern. We had fantastic months all the way up until July 2019. Selling went down due to people on vacation etc. Sales picked back up in September and was encouraged to keep trying to reapply every few days. So basically the system doesnt want to see any type of downward patern in sales.
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Re: PayPal working Capital Code DLGJ0656

I received the same denial error message and assume it's because my sales volume is down. I've had 10 prior PayPal Working Capital Loans and have never been in default and have always exceeded my minimum.  I just made one large payoff amount less than 24 hours ago and applied after receiving the payoff confirmation email.  My sales volume is down intentionally.  I sell online information and was having a huge problem with customers reselling my information unauthorized and at 25% or less than what I charge them each month.  So, I made the decision to double my prices and decrease my customer volume since dealing with the unauthorized sellers is both time-consuming and costly to my business.  I only wish I'd known ahead of time that my chances of being approved again would be low, because I wouldn't have sent in a large payoff.

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Re: PayPal working Capital Code DLGJ0656

I am so nervous about this as well. I am thinking of paying off the rest of my loan, I got a $8000 at the end of Sept. and I have it paid down to $2000 really needing new inventory for the new year so thinking of paying if off sales have been pretty consistent, had my best month IN Sept then 2nd best in Novber. SO worried this will be a hit for me if I dont get approved. Were you ever approved?

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Re: PayPal working Capital Code DLGJ0656

I’m not sure who you’re asking, but I was not approved. It’s really the typical corporate tunnel vision that we frequently see. In my case my sales volume is down, intentionally, however I raised my prices to more than double what they were. My intent was for my products and services to land in the hands of fewer people to reduce the issue with unauthorized distribution of my IP.  In your case sales are up, so one would assume that you would not be denied, but who knows. It seems as if PayPal and WebBank are making up terms as they go. It’s all rather odd. Being denied a loan for me also means fewer planned sales and therefore less revenue for PayPal. Having successfully paid off 10 prior working capital loans and having a PayPal merchant account for the past 10 years longer means anything to PayPal. When loyalty is not reciprocated it’s time to establish other business partnerships. PayPal isn’t exactly the cheapest payment processor around and my international fees are far too high. 

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Re: PayPal working Capital Code DLGJ0656

I just paid off my loan ahead of time and with a $200 final payment. I received the email that it was all paid off and even called a rep ahead of time to ask when to apply. They said if I received the message then I should be able to apply right away.  So I applied. Denied. I called back. They told me I made too much money in December. They also said the algo specifically looks at the past 4 months, not 12 as it states in their terms. So, December, is one of the busiest months out of the year, punished me for getting another loan. I applied again today and received the DLG0656 code. Not sure what it means. I'll try again tomorrow morning. It's super frustrating that when your business is starting to scale, they deny you. I do not sell physical products, I am in video production and I do all my billing via Paypal. Not sure what is going on with everything. I shall try again tomorrow. 

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Re: PayPal working Capital Code DLGJ0656

I’m in the same situation right now, we made 6 figure sales in 2019 and planned to upgrade all our equipment in 2020 and they only offered 9k and I rep-applied then got denied. I’m so frustrated cause everything was going great with all our planning and now we’re held back from making our biggest move. I joined in the working capital because it promised that we can plan better ahead but now I’m getting destroyed by what’s supposed to be helping me get ahead. This is the perfect example of how Ai will turn against human kind. PayPal needs to change this. I have so many stocks from PayPal and to see how they’re moving, not cute at all.
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Re: PayPal working Capital Code DLGJ0656

@jusbeazy Did you ever get approved?