Published: Thu, May 11, 2017
Money | By Armando Alvarado

PayPal launches small business tool set 'Business in a Box'

PayPal launches small business tool set 'Business in a Box'

"We have been telling merchants that PayPal is no longer just that little yellow button - we have built out an entire ecosystem for the small merchant", said Amit Mathradas, PayPal's head of small business for North America.

The company also noted today that PayPal Working Capital has now helped more than 115,000 businesses worldwide access more than $3 billion in loans and cash advances since the service launched in 2013. The idea that that you can start selling online and developing a business nearly immediately.

Between writing a business plan, hiring employees and selecting the platforms to power your business, these are all time-consuming considerations that although are extremely important, they take time away from actually running your business.

PayPal and partners WooCommerce and Xero bring together their products to create an integrated solution giving small businesses the tools to design and manage an online store, accept payments, and get an overview of the business' cash flow.

Setting up an online business is not for the faint of heart, and PayPal (NASDAQ:PYPL) is looking to make that process a bit easier with the launch of its new toolkit, Business in a Box. What's in the Box?

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The solutions are linked together by a PayPal business account.

With the PayPal' Business in a Box, Xero you will receive a 30-day free trial to Xero, 1-hour consultation with a Xero advisor, and a $100 credit to your Xero account. For newcomers to online businesses, there's also the comfort in knowing that these are PayPal-supported and recommended solutions.

"PayPal has announced a partnership with WooCommerce and Xero that they're billing as 'Business in a Box". In addition to accepting payments online, PayPal enables the user to accept credit and debit cards in person, send invoices, and record cash transactions.

With access to the tools they need to run their business in one place, business owners can spend less time in the weeds and more time growing their bottom line.

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