PayPal, one of the worldwide leaders when it comes to secure online payment, has not rest on their laurels when it comes to servicing their customers with better and improved features. In fact, over the past one and a half years, PayPal has worked on being a better partner to the numerous businesses that engage them – whether online or in-store. PayPal Working Capital was introduced in fall last year, where WebBank, the lender, provides aid to small businesses so that they can fund their growing companies. As for this month, PayPal has introduced Next-Day Settlement (NDS) that will target eligible businesses throughout the U.S. in an initial pilot program.
Just what advantage does Next-Day Settlement have? Well, for the eligible businesses out there who transfer money from their PayPal account to their bank account will no longer need to wait longer than they should – as one will now be able to receive their money in a matter of 24 business hours, where it used to take three to four business days in the past.
Apart from that, as long as the transfer is performed by 5pm local U.S. time, one will have faster access to one’s money quicker than ever before. In other words, a 24-hour transfer is now a reality. Those businesses that are eligible for Next-Day Settlement would have received notifications already, alongside offers of opting in. [Press Release]
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