Cash Flow on Business Startup
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Hi all, I have used Paypal as a private individual to support selling items on ebay. These were items ranging from 300GBP to 1100GBP each. There was a 30 day period (I think) after selling the item before I could get the funds into my bank account. No gripes there, it is part of the T&Cs. I am about to start an ecommerce website and therefore I am considering starting up a business account with PayPal and include a PayPal shopping cart into my site. I have little prior experience of entering this phase of business startup and appreciate that there may not be an issue to consider. However, should PayPal withold monies for a prolonged period this could precipitate a cashflow problem in the initial months as my suppliers have their T&Cs too. I am just trying to cover off all the angles here. Does anyone have experiences that they may wish to relate regarding their early days in trading, especially cashflow related?
Regards
paul
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