[abfunders]

An underwriter told me that PayPal started again drafting in June for some merchants... is this accurate? Did they automatically extend it for some, and for others not?

[Winning]

An underwriter told me that PayPal started again drafting in June for some merchants... is this accurate? Did they automatically extend it for some, and for others not?

They haven't started back drafting me yet.. last week they extended it for another month.

They have asked me about various options to start repaying, but at the end of the conversation they say that they can extend no payments for one more month and to call back to discuss options in about 3 weeks.

They have offered to extend the terms to over 3 years with the same payback. They also offered to do a payoff settlement of 75% of what is remaining. They haven't yet mentioned anything about a True Up yet, and I am not going to mention that until we are further along in the negotiations... But as of now, I dont even have to start with the negotiations because they keep extending the no payments.