PayPal Community

Just to update on this thread... I had 2 successful  applications (10K and 20K British Pounds). When finishing the payment of the second one I applied again and was rejected (as indicated in previous posts) code 640. I applied several times again after talking to Paypal and following the recommendation to go on applying. Nothing happened... always the same denial. Suddenly a few days ago when logging in Paypal I saw a banner on top indicating that I was pre-approved for Working Capital. I thought it was an ad, but gave a try and was offered 35K British Pounds (circa 50K $). Filled out the application and got the loan in few minutes.  Lessons learned: i) My revenue is seasonal, and probably I was rejected due to a non continuos revenue; in the last few months sales were performed on a more continuos basis. ii) Last year I have several cases of people that were charged twice due to clicking two times or hitting back and trying again; in those cases I have always refund immediately; now, instead of refunding I wire the duplicated amount since I think refunds is not good in the working capital algorithm. iii) in the past I had some chargebacks and lost most of them; since in my cases chargebacks are always the buyers' fault, now I email the buyer and ask kindly to withdraw r¡the chargeback.    These three issues are the only things that I think may have changed as compared to past situation when being denied. Or... O might be wrong and none of them has to do with the fact that I was now approved for a larger loan after giving up and without applying again in several moths.   Just wanted to share this experience.   All best.   J. ... View more

SAME ISSUE. DID RECIEVE AN EMAIL THO AND BUYER COULD CLICK ACCEPT FROM THERE. PAYPAL SUCKS BASICALLY. ... View more

I have no problem accepting Good Changes, things that advance a site, improve effency.    So far, that is not the case   First, no warning of a change. Appears we did not get the Notice or link to show us this.    First access to our account a months worth of archived transactions were back in the live que.    History Reports are limited, changed and bloated with unnecessary data.  Now I have to reprogram for a file import  and find a way to find all the duplicate transaction I never got in a download in the past when I could download "Balance affecting transactions only".   No report for the working Capital Loan. Had one of these, now it's data is no longer available now I have to created a report from lines and lines of downloaded history.    Ive spent a fair amount of time on a change that has done nothing to improve my access or fuctionality to using PayPal.   That's not progress.          ... View more

Thanks for your patience everyone.   I've received notification that the issue was resolved over the weekend. 🙂   Thanks for posting about the issue here on the boards to let everyone know while the issue was ongoing.   And thanks for using PayPal! 😄   Thanks, - Frank ... View more

weninvegas:  I'll give that a big AMEN!!!! ... View more

I find it's always good for transfering funds out of Paypal !!! ... View more