PayPal Community

Paying off early is bad!!! Dont understand how that is. You can call up customer service and have them reverse your big payment that paid off the loan. Might take a couple hours talking to agents though. ... View more

It is paypal/ebay, nothing good ever lasts. Customer service will say its some magical computer that does all decision making and it wont tell them whats up. Then they will tell you to keep applying. How long? days, weeks, months, years, who knows. Time to look elsewhere for funding.  ... View more

Usuaully it tells you a brief explanation below the error code ... View more

I still get denied as well. Pretty sure the 602 Industry Not Supported is a load of BS. Just like evrything Paypal Customer service says. They dont know what industries are supported or not.... I did read where someone said paying off a loan early is bad which I did, but that was 4 months ago. ... View more

Business information, click on update. It let's me change the category, but it goes back to the original when I log out then log back in. ... View more

I have tried Other, Arts, Electronics, Books, Furniture, Memoribilia,  etc.  I sell a variety, my paypal profile says Arts-Antiques. and it cannot be changed. I think the 602 error is just a mask for something else. Similar to calling customer service and they dont know anything and give you the run around.   Every now and then I get the oppurtunity to buy a whole estate and the Working Capital Loans were great to finace the the purchase, and were easy to pay off quickly as the items were made available for sale. I did about 6 WC loans ranging from 3-5k and all were paid in in 2-3 months, $85k was run through paypal last year, consistent daily sales. ... View more

You have a industry category on your paypal profile as well, and I think they go off of that as none have worked in the loan application. I have tried to change it in the profile and it does not save...  ... View more

Same here, I  have done 6 loans, with no payment issues. Now I get denied because the industry is not supported. Customer service doesnt know what industries are supported and which arent, and a zero help. There solution is to keep trying!! I tried about half the industries and they all produce the same thing. ... View more

Yes today, 602 is industry not accepted. It was accepted thr last 6 times I had loans. Pretty sure that is just a lie, as selecting all the industries resulted in the same error code. Dont bother calling customer service as they are useless. Probably just slow sales, a credit balance, computer fart, etc. Just try again the next day. Or look for a more reliable service!!!! ... View more

Ive Had about 6 WC loans, and paid them all off quick with no problems. Last one was a few months ago. Tried to apply for a new one and got the Denied because of 602. I sell antiques and collectibles and every now and then I get an oppurtunity to buy out a whole estate and the loans work good for doing so. I and have always selected either variety or other as the industry, never an issue. Tried those and was denied, 602. Tried about 10 other industries, Electronics, Arts, Books, Memorabilia, Furniture, and all gave the same. Customer service wasnt helpful. They couldnt say what industries are not fundable. Any other easy loans service out there? I wouldnt mind paying more for reliabilty. ... View more