New York SBDC Research Network

Excerpt from an article by Bob Coleman To read more, visit  ColemanReport "Paypal, Amazon and Alibaba pose more of a threat to traditional lenders than the Fintech industry. As Fintech ebbs and flows, these high tech giants are starting to put up some serious small business lending numbers. Amazon just passed $3 billion. Last year Paypal also topped $3 billion in small business lending in the United States. In the US, PayPal offers two financing programs, including one that is similar to the UK program, which takes a percentage of merchants’ PayPal revenue and is underwritten primarily on PayPal sales without a credit check. The other program available in the US is closer to a conventional business loan, taking into account a variety of credit factors and repaid with weekly payments from a business bank account."

From eMarketer : When it comes to shopping online, consumers have a variety of different payment methods they can choose from. Most prefer PayPal—or something equivalent to it, like Stripe, Google Wallet or Amazon Payments. October 2016 research from postal industry service provider International Post Corporation surveyed cross-border digital buyers across 26 countries. More than four in 10 respondents—who purchased goods online in the past three months and made a cross-border purchase online in the past year—said they prefer to pay for their online purchases via PayPal, or an equivalent service.