PayPal Launches Funds Now, Giving Businesses Instant Access to Sales Revenue

PayPal Launches Funds Now, Giving Businesses Instant Access to Sales Revenue

September 11, 2018         Written By John H. Oldshue

PayPal is rolling out a new service for small businesses, allowing select owners to get instant access to their sales funds without any holds and at no extra cost. Funds Now is a free service available in the United States, the U.K. and Australia. PayPal plans to expand the program “in the near future.”

To qualify for Funds Now, a user must have at least six months of sales history using a PayPal business account. The account information must be confirmed, for security purposes, and the account must show a strong history of successful transactions. Hence, a seller who consistently submit refunds for purchases may not be eligible for instant funding.

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Standard account holds range from 7 to 21 days, which can be difficult for small businesses trying to manage their cash flow. With Funds Now, eligible account holders can complete a sales transaction through PayPal Here, a PayPal invoice, or any website or marketplace that accepts PayPal. Then, their completed sales are “sent directly to [the] PayPal balance within seconds.” The business can transfer the money to a designated account, or use it right away on their PayPal Business Debit Mastercard.

PayPal may still delay funding through Funds Now if they suspect payment has come from a fraudulent buyer. Applicants who are not approved for PayPal Funds Now can still complete transactions as normal. They will not see any additional delays on their accounts.

Eligible accountholders will receive an email or a notification within their account to apply for Funds Now.

The information contained within this article was accurate as of September 11, 2018. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About John H. Oldshue

John Oldshue is the creator of He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for
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