CREDIT VIA PAYPAL - WHAT YOU NEED TO WATCH OUT FOR
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What options are there for me?
Would you like to borrow money via PayPal? Then there are three different options available to you:
PayPal Business Credit: The loan for businesses
PayPal installment payment: For private individuals
Pawn loan with pay out directly to your PayPal account: For each
What requirements must I fulfill?
To find out which PayPal loan is right for you, you will find the requirements for the individual variants below:
PAYPAL BUSINESS CREDIT
For a PayPal Business Loan, you must fulfill a few requirements:
Your PayPal business account has already existed for at least 3 months
Your annual turnover via PayPal is at least €12,000
There are no insolvency proceedings for your company
PAYPAL INSTALLMENT PAYMENT
You do not complete the installment payment directly via PayPal. There are many companies that offer PayPal installment payments as a selection during the payment process. PayPal only checks your creditworthiness, which is why this option is a prerequisite:
Good credit rating
PAWN LOAN
All you need for a pawn loan is an item that you can deposit as collateral with CASHY. Depending on the value of the item, you can take out a loan that is paid out directly to your PayPal account. The only requirement is therefore:
You have collateral that you can deposit as security.
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Would you like to know more about your pawn loan with Paypal payout? Just keep scrolling and find out what advantages you have with CASHY.
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How do I take out my loan via Paypal?
How the PayPal Business Credit
After you have obtained basic approval for a business loan, you choose your desired loan amount (regardless of your sales).
Select the percentage at which you pay off all fees and charges.
Agree to the terms of the contract.
If your loan is approved by PayPal, the money will be credited to your PayPal account in just a few minutes.
Repayment is made via a percentage of your sales proceeds, but you are also free to pay parts or the entire amount manually without any penalty.
This is how PayPal installment paymentworks
You can set up your installment payment with participating companies directly when you purchase your product:
Choose your desired monthly installments (3-24 months)
After you have accepted the installment agreement, PayPal will check your creditworthiness within just a few seconds.
You then confirm the installment payment with your purchase.
This is how a pawnshoploan works:
You have collateral that you can deposit as security at a pawnshop. On cashy.at you can find out immediately how much money you can get and what fees apply.
To credit your account, simply select "PayPal". Your money will be paid out directly to your PayPal account after your item has been handed over (in the store, by shipping or by collection).
Advantages and disadvantages - a comparison of your options
With this overview, we want to make it easier for you to make a decision by presenting the key aspects of each option clearly and concisely. Our aim is to provide you with a sound basis for your decision. We have analyzed the most important factors of each option, including efficiency, cost, quality, flexibility and ease of use. This way, you can easily compare the features that are most important to you and choose the option that best suits your individual needs and requirements.
To help you decide quickly which option is right for you, you will find a direct comparison of all options below:
PAWN LOAN | PAYPAL BUSINESS CREDIT | PAYPAL INSTALLMENT PAYMENT | |
|---|---|---|---|
Possible for everyone | ✅ | ❌ | ✅ |
Fast pay out | ✅ | ✅ | ✅ |
Without credit check | ✅ | ❌ | ❌ |
Without personal liability | ✅ | ❌ | ❌ |
Credit without a bank | ✅ | ❌ | ❌ |
Simple processing | ✅ | ✅ | ✅ |