News

News

PayPal Expands Its Working Capital Service To UK, Switches From Loans To Cash Advances

PayPal Expands Its Working Capital Service To UK, Switches From Loans To Cash Advances

As payments platforms look for more ways to grow their margins and usage among businesses, they continue to push into a wider and deeper range of financial services. In one of the latest moves, eBay’s PayPal is expanding its Working Capital service to the UK. This is its first market for PayPal’s lending platform outside of the U.S., where it first launched the service in September 2013 and has provided $140 million in capital to businesses to date.

Payments