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since ‎Sep-22-2015
ckpetrus
ckpetrus Contributor
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Latest Contributions by ckpetrus
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  • Latest Contributions by ckpetrus

Re: Paypal Working Capital Identification Error

by ckpetrus Contributor in About Products
‎Sep-24-2015 06:17 AM
‎Sep-24-2015 06:17 AM
Okay, I matched the format of my phone number exactly (no parenthesis), I corrected the year in which my business had been established, removed the dash from my EIN, and even (on a long shot theory from the forums) made sure my business address and location were correct in Google Maps. After reading about the long histoy of this problem in the forums, I have concluded that the most likely reason for the "Identification Error" message is that PPWC is being dishonest in its explanation for the failure of the loan application process - rather than just saying we are not offering a loan to you at this point in time, they are claiming its some kind of glitch in the system. This is particularly frustrating as I took them at their word and bent over backwards trying to "correct" my business information, even so far as a trip to my local comptrollers office to make sure my corporate status was in order. I altered my franchise home office location and even matched up the designated agent name through the state comptroller, paying an expedite fee in the process. I had come to think of PPWC as a reliable souce of funding and was left high and dry after paying off my previous loan at the 25% re-payment level. Had I known this was a possibility, I would have paced the loan repayment out at a less aggressive level. Bottom line: If PPWC is denying my loan, they should say so - not waste my time by sending me down some rabbit hole when I could be exploring other funding options. ... View more

Re: Paypal Working Capital Identification Error

by ckpetrus Contributor in About Products
‎Sep-23-2015 08:55 AM
‎Sep-23-2015 08:55 AM
I am determined to figure this out. First, I was told I would be locked out of the system on my third attempt to send the application form. So I have been trying twice, then waiting 24 hours to try again. It's still giving me the identification error message but it has not locked me out. I noticed that I had two addresses listed in Paypal though I work out of my home. The difference was the spelling of Parkway vs. Pkwy in the addresses so I deleted the Pkwy address. Still did not work. I'll try again tomorrow in the event the change did not proprogate through their system. The error message reads,"Please be sure your business's Paypal account information is accurate and current" so I'm am hoping it's just a matter of matching Papal's internal data one-to-one and it's not some unknown outside problem. ... View more

Re: Paypal Working Capital Identification Error

by ckpetrus Contributor in About Products
‎Sep-22-2015 12:37 PM
‎Sep-22-2015 12:37 PM
Same problem here. 3 loans applied and paid without a problem, and suddenly I am locked out of the system due to an "Identification Error." I had the same experience with customer service - couldn't tell me what was wrong and there was nothing they could do about it. Things I tried included removing the dash after the first two numbers of my Tax ID, and hanging "Parkway" in my address to "PKWY" which is how it is abbreviated in my PayPal account. No dice. Very frustrating. ... View more
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