PayPal Setup

I’ve just finished the sign-up for PayPal linked to ConnectionPoint’s bank accounts. Well, almost finished. There is a delay where PayPal sends verification deposits via our bank account to prove that I have control of the account. According to PayPal this will take 3-5 days.

There is good news and bad news in this. The bad news is that it adds delays in my use of the service. The good news is that it does this for our customers as well and that creates opportunities for us. Part of our service will be coaching on how to set up PayPal to receive funds. While that process is taking place, we can continue to accrue funds within our service (generating interest of course!). This should help customers start collecting funds right away but leveraging our accrual capabilities to give them time to complete their paperwork, etc.

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