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Payment limits are slowing down my business
Hello -
I have a new online business were I buy a lot of inventory on certain days that I can find deals and I am running into the issue payment limits on my paypal account. I can pay $3,000 a day with my paypal debit card and then $2,000 a day on a secure card. I have applied for another debit card which will give me another $3,000 but I would like an option that would allow me to spend all of this money with one card. I am sure the billing departments get frustrated with me since I have had to break up orders over several days and sometimes pay with as many as 4 different cards. It is not that I do not have the funds for the orders, I just cannot get access to the money.
The easiest option that I can see is putting all of my paypal money in a bank account with a debit card but that always takes 3-4 business days to arrive and I usually cannot wait that long between payments and purchases. Also, the paypal cards pay 1% immediately which is nice. I have got over $500 back in the last month or so. What does everyone recommend to remedy this problem? I have spoke to paypal and they cannot raise the limits on the debit cards ever for anyone so that option is out.
Here is what I ideally need:
Some sort of account that I can access my paypal funds and pay with a single card.
Thank you for reading over this and any suggestions would be well appreciated. I am a college student so I have a very limited credit history so applying for any business lines of credit or credit cards is out of the question. I applied for one and it came back with a measly $500 limit. The only option I can think of along that route would be a secured line of credit where I deposit $10,000 or $15,000 with them to secure the line. I would prefer to not do that but it might be the only option.
Kind Regards,
Matt
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