PayPal’s FundsNow Simplifies the Seller Experience
PayPal (PYPL) is rolling out a new feature called FundsNow, which allows businesses instant access to funds from sales. FundsNow has been tested by more than 1 million sellers, and it’s now rolling out broadly, first in the United States, the United Kingdom, and Australia. Before FundsNow, sellers who used PayPal to accept payments could wait for up to 21 days to access funds from completed sales.