I’m not sure who you’re asking, but I was not approved. It’s really the typical corporate tunnel vision that we frequently see. In my case my sales volume is down, intentionally, however I raised my prices to more than double what they were. My intent was for my products and services to land in the hands of fewer people to reduce the issue with unauthorized distribution of my IP. In your case sales are up, so one would assume that you would not be denied, but who knows. It seems as if PayPal and WebBank are making up terms as they go. It’s all rather odd. Being denied a loan for me also means fewer planned sales and therefore less revenue for PayPal. Having successfully paid off 10 prior working capital loans and having a PayPal merchant account for the past 10 years longer means anything to PayPal. When loyalty is not reciprocated it’s time to establish other business partnerships. PayPal isn’t exactly the cheapest payment processor around and my international fees are far too high.
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I received the same denial error message and assume it's because my sales volume is down. I've had 10 prior PayPal Working Capital Loans and have never been in default and have always exceeded my minimum. I just made one large payoff amount less than 24 hours ago and applied after receiving the payoff confirmation email. My sales volume is down intentionally. I sell online information and was having a huge problem with customers reselling my information unauthorized and at 25% or less than what I charge them each month. So, I made the decision to double my prices and decrease my customer volume since dealing with the unauthorized sellers is both time-consuming and costly to my business. I only wish I'd known ahead of time that my chances of being approved again would be low, because I wouldn't have sent in a large payoff.
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