We're a new business and we want to offer payment plans to our customers to boost sales, as you can imagine as a new business we don't want something that's too risky for us, popular lenders need us to have at least £100k turnover and a 1 year trading history. The PayPal credit options seems to be a good root to providing payment plans.
However, I have a few questions. Hopefully the community can help.
- What percentage of sale does the merchant pay to PayPal when customers are granted a credit facility?
- Are the fees guidelines still applicable when using the credit facility?
- If we have customer walk-ins is there a site merchants can you to process credit applications on behalf of customers?
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