PayPal Business

Not recommended! I started a sole proprietorship business as a side hustle, managing everything legally and legitimately. I opened a PayPal business account because there was no monthly fee and I could have my clients use their credit cards. After 2 weeks PayPal blocked my account and required more information about how my business worked and ran, I submitted and they replied the documents weren’t legible, please keep in mind I submitted PDF docs downloaded from supplier websites. After 5 days of my account being blocked and unavailable to send invoices or receive payments I lost a $24,000 job because of a construction schedule and timing. They will lock your account without warning and you’re dead in the water and waiting for them, they clearly have no idea how a sole proprietorship works and that a new business has little to no history of taxes and suppliers.

The working capital loan is just ridiculous. They offered it to me last year when my business was at a certain sales average. I paid it back within 90 days which was the estimated time. Mind you, you don’t have to pay it back in their estimated time, but I did. After that, I couldn’t get another one. They try to hype you off like you can, but my business has been higher than that, i’ve gotten excited and interviewed people thinking that I could get another loan and buy a station to put them in with another loan. I meet all requirements listed. Even the representatives that I talked to on the phone say that I look like I am eligible and just keep trying, but I’ve been trying for six months. It’s just a scam and a way to keep getting your information. I don’t even bother. I’ll be using a different platform that will help me grow my small individual business. PayPal doesn’t care.

It’s difficult to use when the scanner can’t scan properly and I can’t get my customers payments transferred to my bank account without having it limit access to me for trying to scan my face and identification