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PayPal debuts Funds Now, instant payouts for sellers on its platform

Ingrid Lunden
PayPal debuts Funds Now, instant payouts for sellers on its platform

PayPal, now with 19.5 million businesses and 250 million customers using its payment rails to sell and buy goods and services, is today taking the wraps off a new feature that it hopes will bring more transactions to its platform. The company is launching Funds Now, instant payouts to businesses using PayPal for their transactions. The feature will come as standard to all companies in good standing with PayPal -- that is, with no complaints or fraud flags on their accounts.