PayPal tests merchant financing as Kabbage raises debt

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    Technology News

    A PayPal card is shown as customers can now pay with the card at selected Home Depot stores such as the  in Daly CityBy Alistair Barr SAN FRANCISCO (Reuters) – EBay Inc's payments business, PayPal, already lends money to online shoppers, but it is now starting to finance the merchants who sell on the company's online marketplaces. PayPal has already tested a financing program for eBay sellers in the UK and it plans similar tests in the United States this year, a company spokesman said on Tuesday. “Marketplaces is a great innovation lab for us to test new experiences,” Gary Marino, senior vice president, global financial services at PayPal, said at eBay's investor day last week. …

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