PayPal Community

I paid on friday the 6th at around 1pm... I got the email on the 17th/18th at literally right around midnight of the 17th.  So in reality it was just under 12 days total ... View more

Hey all, I did in fact get the loan on day 12 thankfully!  Once I got the email there was no problem... but still a long wait, so if anyone happens to read this DONT pay off your loan by your bank account if you are looking to get another one.  I'm guessing the stories about people not getting a loan because they made a lump sum payment at the end to get another one are just not true, because I had no problem.  But...that's crazy about you not getting a loan because you were not honest enough about shipping fees?  Seriously??  So.. how does that work?  If you charged say $9 then you shipped it out at only a $3 cost, Paypal looks into stuff like that and can burn you for it??  I mean, I always keep my shipping fees low, only $1 dollar over the actual cost usually, but many times you get a lot more or less not even knowing.  Sorry man, keep trying. ... View more

Glad to hear it!  Congrats.  I'm still waiting... 😞 day 11.  If you just got it I must be getting the email today too then, if not tomorrow.  Lets hope!  Thanks for the update. ... View more

Lyndsay I'm waiting right along side ya, we finished at the same time.  Paid it off on a Friday around noon, and today is day 10... I guess if it is business days only, this would only be considered day 6?!  Yikes.  I was totally frustrated when I called and they told me the new feature of paying it off from your bank account can take 10 days, I agree they should really make this more clear.  I'm hoping any day now that email pops up, because this has been a very hard week, especially since it's the biggest time for sales.  My bank account said pending for the first 3 days, then it cleared, and my working capital loan has said paid in full for 10 days.  Oh well, glad it's not just me though.  I still better not get denied for something stupid! ... View more

I'm in a similar situation, except I paid the loan off on the 6th, a total of $750, and it's been over 5 days and I haven't been able to apply again.  I'm reading all these stories about people who pay their loans off in a lump sum then they get declined for their next loan as if it's a bad thing to pay it off early.  I don't know if that is still going on, as many of the stories I was reading were from 2017.  I also didn't know that if you pay off your loan with the bank account attached to your paypal account that it can take up to 10 days for it to go through and then you can try and reapply!  Even though it cleared the "Pending" section in my bank account, and everything says completed...  I'm still waiting, wondering if I will have problems applying again, and i'm nervous like you.  If I get denied I will absolutely be calling them to refund my last payoff payment, as I've heard of others doing that.   ... View more