Also, there is no one percent cash back, and no option to use your bank as a back up funding source with the Cash debit card. With Direct Deposit, electronic payments are made directly into your bank account — there’s no check, and no trip to the bank. 'https://www.ecommercebytes.com/new_ad_server/www/delivery/ajs.php':'/new_ad_server/www/delivery/ajs.php'); 'https://www.ecommercebytes.com/new_ad_server/www/delivery/ajs.php':'/new_ad_server/www/delivery/ajs.php'); document.write ("&loc=" + escape(window.location)); if (document.mmm_fo) document.write ("&mmm_fo=1"); But we’re going to focus on the direct deposit (ACH) payment processing as it’s only a 1% fee plus $0.30 per transaction. most definitely. PayPal sent a survey to sellers describing the hypothetical Direct Deposit feature and stating, "Since your marketplace sales aren't processed through your account with PayPal, you can't automatically repay your PayPal Working Capital business loan. Among the benefits of the hypothetical service the survey described is the following: The key benefit PayPal is proposing is the ability to stay compliant with PayPal Working Capital loans. Terrible. The key benefit PayPal is proposing is the ability to stay compliant with PayPal Working Capital loans. I've had a PayPal Business debit card for years and used direct deposit through it for about a year and a half for an online freelancing job I was doing. This is the exact problem I am having and PayPal is just taking forever to respond and acting as if they don't understand what I am trying to say as they keep advising me to get the Prepaid Mastercard, which will not be set up the way my business account is. You can also get up to 9 bonus entries by making additional cash reloads or direct deposits with a minimum of $10 per load or direct deposit (excluding reload fees). ; PayPal online banking - You’ll be able to get your routing number by logging into online banking. There is direct deposit for the PayPal Cash debit card. By requiring a direct deposit, which is defined as an “electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government“, they hope to keep you locked in. When you have a problematic tenant, you do not want them to be in control. document.write ("&loc=" + escape(window.location)); Small Business Loan deposited into a personal account, it has to be deposited into my business account because it's a business loan. There is direct deposit for the PayPal Cash debit card. Unfortunately, PayPal doesn't allow both the Business card and the Cash card, on the same PayPal account, at the same time. document.write (document.charset ? if (document.context) document.write ("&context=" + escape(document.context)); I wouldn't hold your breath Nikki, it's been 6 months for me and they still don't have the direct deposit option I need for my business account. Direct deposit for PayPal Business debit card, Re: Direct deposit for PayPal Business debit card. document.write ("'><\/scr"+"ipt>"); PayPal, Venmo, and Zelle are similar to direct deposit. Get it together!!!! Download a direct deposit authorization or access it via QuickBooks Online Payroll. Doesn't really help at all. Funds are added electronically by your employer or payments provider and are available to you as soon as we receive it. In addition, customers who have enrolled for a PayPal Cash Card are auto-enrolled for Direct Deposit. '&charset='+document.charset : (document.characterSet ? In both Chase and PayPal applications for the program, small business owners were required to sign a promissory or direct-debit note before the loan was approved and disbursed. var m3_r = Math.floor(Math.random()*99999999999); New to the community? if (document.referrer) document.write ("&referer=" + escape(document.referrer)); Why does it have to be so difficult just to revive direct deposit on a business account?