When you think about PayPal, a payment processing company, it may not be the first company that comes to mind when you’re wondering if you can borrow money from them. After all, PayPal is best known for letting people send and receive payments easily.
But that doesn’t mean PayPal isn’t a viable option for borrowing money.
Yes, PayPal does allow users to borrow money through its borrowing service. Users can borrow money up to $10,000, and the interest rates are very low, at just 0.
9%. Plus, PayPal offers a very convenient borrowing process, with no need to submit any paperwork.
So, if you need to borrow money but don’t want to go through a traditional lending institution, PayPal may be a good option for you. Just make sure you are aware of the interest rates and the borrowing process before you make your decision.
