Business in a Box: PayPal’s ‘One-Stop-Shop’ for Small Businesses
Amit Mathradas, General Manager and Head of Small Business NA, PayPal
May 6, 2017 11:30 AM ET
Originally posted on PayPal Stories
Starting your own business can be an exciting and rewarding experience. But we hear from small business owners time and time again that it is also very daunting. Starting an online business involves planning, making key financial decisions, and setting up an online store. And once the business is up and running, there’s cash flow to monitor, inventory to track, and the often tedious process of finding capital to grow.
At PayPal, serving small businesses is at the heart of our mission. We see it as both a responsibility and a privilege to empower entrepreneurs by providing financial services and tools that help them start and grow their businesses. That’s why today, during National Small Business Week, we’re announcing a new solution designed to meet the needs of U.S. small business owners: PayPal Business in a Box.
PayPal Business in a Box brings a number of our partners, including WooCommerce and Xero, and our products together in one place for the first time, to deliver a simple, integrated solution that gives you the tools you need to start an online business. Everything is tied together by your PayPal Business account, so it all works seamlessly and simply.
Imagine you’re just starting a business for the first time. You know what you want to sell, what your profit margins should be, your roadmap, but you don’t have web design capabilities to develop an online store or know how to set up online or point of sale payment methods. With PayPal Business in a Box, you don’t have to worry about these logistics – we can help you acquire customers through an online store, manage your finances and give you a real-time view of your cash flow.
Or if you’re an established offline business looking to move online, your needs might be different. You have an idea of which marketing tactics are most effective and how often you need new capital – but sometimes, the best laid plans are disrupted. With PayPal Business in a Box, you can set up a website to start selling online and, when your business is eligible, get access to a PayPal Working Capital business loan to help fund unexpected growth.[1]
Every day, we strive to make it easier for business owners to not just start, but manage their business and we truly strive to be a better partner to merchants – not just a button on their website. An example of this is PayPal Working Capital which has helped more than 115,000 businesses around the world access more than $3 billion in loans and cash advances since it launched in 2013. From online to brick and mortar, small businesses know they can come to PayPal for the guidance and tools to help them succeed and provide the value they need to create loyal consumers.
PayPal Business in a Box is the latest example of how PayPal is uniquely positioned to help business with solutions that they need – regardless if they are just getting started, or looking to grow their business. Read about how we’re helping real businesses like yours throughout National Small Business Week on PayPal Stories.
For more information and to sign up for Business in a Box, visit www.paypal.com/businessinabox and create a PayPal business account to get started. For more details about PayPal Working Capital, visit https://www.paypal.com/workingcapital/
[1] PayPal Working Capital is subject to credit approval, as determined by the lender, WebBank, Member FDIC. To apply for PayPal Working Capital, your business must have a PayPal business or premier account for at least 90 days and process between $15,000 (or for premier accounts $20,000) and $10 million within 90 days or within any time period less than or equal to 12 months. PayPal sales include processing on PayPal Express Checkout, PayPal Payments Standard, PayPal Payments Pro, and PayPal Here.