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Paypal Working Capital Decline - Error Code DLGJ0908

Taahirshakeel
Contributor

Re: Paypal Working Capital Decline - Error Code DLGJ0908

Hello members, Does anyone was able to find or know the reason for this code ? Cause i haven't received any email from paypal my standing is good no disputes good numbers coming in their eligibility criteria is less i think i am over qualified for that but it gives this error when i try and its my first ever loan with them was there any luck ?? Any help is appreciated
Sunflower84
Contributor

Re: Paypal Working Capital Decline - Error Code DLGJ0908

A rep told me it's the code for inconsistent/seasonal sales. They need to see more consistent sales and ensure its just not "seasonal"
Sunflower84
Contributor

Re: Paypal Working Capital Decline - Error Code DLGJ0908

Update: after nearly 5 months of getting this error code several times a week when re-applying, I finally was approved for a small loan. Half the amount than my previous loans, despite sales being nearly identical to the same time last year. So frustrating, but at least it's something.
Okrib
Contributor

Re: Paypal Working Capital Decline - Error Code DLGJ0908

The lending seems to have started being approved again.

 

We had a small loan (£30,000) about 2 months ago, and then were offered and took £60,000 which we paid back within 3 weeks. Now just been offered and accepted £110,000.

 

I think volume and history helps, we take a fair amount through PayPal, but despite that we kept getting error codes from May onwards last year.

loopycatuk
Contributor

Re: Paypal Working Capital Decline - Error Code DLGJ0908

Hi, I’m pleased to hear they offered you a higher amount. I was offered a smaller amount in jan even though my sales have almost doubled. I was denied for approx 2 months prior with no issues on my account. I paid this off with a lump sum as I usually would about 2 weeks ago & now getting denied with an error code 0645? I’ve not had this one before. Can I ask if you were approved right away and do you sell on eBay at all? I’m not on eBay managed payments yet and a lot of my sales come from my website, some eBay. Thanks
Okrib
Contributor

Re: Paypal Working Capital Decline - Error Code DLGJ0908

We don't sell on eBay, just direct through our own website. Probably 30% of sales are done with PayPal. Will be circa £6m this year, so a not insignificant sum.

 

We're up about 400% year on year but they only started lending to us again a few weeks ago. We did lots of applications in the second half of last year and got different error codes.

 

We never overpaid, we just let the % do the work, we do it on 25% usually and get it paid off quickly. We paid back the last £60,000 in 3 weeks and then they offered us £110,000 a couple of days later.

loopycatuk
Contributor

Re: Paypal Working Capital Decline - Error Code DLGJ0908

Thank you. I’ll keep trying . All the best for a good year 🙂