PayPal Working Capital is a merchant cash advance linked directly to your PayPal account.
WePay chills PayPal dev con
A cunning stunt from PayPal competitor WePay at the the PayPal developer conference this week: they delivered a 600lb block of ice to the front of the conference centre, filled with frozen money and the message “PayPal freezes your accounts | unfreeze your money.com“.
After being chased away by a security guard, the WePay crew finally smashed up their work of art and gave the money away.
Sporting the line “a better way to collect money” (better than whom? I think we now know…), WePay offers a number of features that PayPal lacks, including group accounts and the ability to split bills. Sadly, they’re not yet available outside the US.
Here’s the drop in front of the PayPal venue:
Haha! Great publicity stunt! I bet they got a frosty reception.