When we endorse a particular small business solution provider, we always like to talk to current customers to double check our editors' picks. We all know that PayPal is a huge name, but we wanted to see if it really lived up to its reputation. These three entrepreneurs use PayPal to grow their businesses. Here are their stories.

How Fashionphile Uses PayPal to Increase Payment Efficiency

When Sarah Davis was a graduate student, her interest in fashion led her to start buying and reselling clothes and accessories on eBay. She found that her biggest profit margins came from her vintage handbags. Shortly thereafter, she launched Fashionphile, an online business selling high-end handbags from big-name designers.

At first, she was only able to send items once customers' checks cleared at the bank -- a lag that hurt her cash flow. And since 95% of her sales were through her website, she needed a more efficient option. Once she signed up for PayPal, she was able to get her payments much faster, and ship bags immediately. She says she trusts PayPal's secure payment processing and appreciates its simplicity. Today, PayPal processes 100% of the company's online payments. It's seamlessly integrated with her custom website, staying true to the site's look and feel.

The next step was to sell internationally. With the help of PayPal, Fashionphile now sells $15 million in high-end handbags per year to customers around the globe. Not only can Sarah be confident handling the volume of sales coming in, but her customers feel comfortable making large payments safely.

How Ambush Board Co. Uses PayPal to Grow Business Abroad

Meet Eric Michael Elliot, surfing fanatic turned small business owner. Eric dreamed of opening up a one-stop shop for all the things that he loved: surf equipment, records, clothes, the works. He finally realized his dream by starting Ambush Board Co. in 1997.

By 2001, the store launched its ecommerce website, which generated a lot of buzz. People loved what he had to sell, and with increasing customer demand, Elliot's archaic payment processor could barely keep up. He made the switch to PayPal for all of its credit card processing because of the company's trusted reputation. He also found that PayPal offered lower processing fees and better reporting than he could get from other providers. This was just what he needed to kick his business into the next gear.

Now, he regularly receives international orders and the payment flexibility gives his customers an extra level of comfort. He also gives his customers access to financing through PayPal Credit 1, letting them spread out payments over time. For their part, Ambush assumes no credit risk. Today, Ambush Board Co. is now the world's premier dealer of wakeboards, and generates $7 million in annual sales online, and counting.

How Bee Raw Uses PayPal to Buoy Business and Simplify Finances

Health food was Zeke Freeman's passion. He started Bee Raw in 2005, selling hand-harvested honey in food markets, at lifestyle stores, and online. People loved his honey, and 11 years later, though Freeman was still running his business from his home office, he saw a growth rate of about 20% a year 2. The company uses PayPal to process and manage all of its payments, Freeman says: "We have all of our money coming into one place, which makes it easy to track where sales come from."

Freeman has used PayPal Working Capital loans 3 to buy honey from beekeepers in the summer, so he's fully stocked with inventory when the holidays approach. "PayPal Working Capital gave us additional capital when cash flow was tight, and the loans are paid directly from our PayPal account when we have sales," Freeman says.4 After generating sufficient revenue, Bee Raw was able to easily pay back the loans through their PayPal account.

Another of Freeman's necessities was being able to sell on the go. He used PayPal Here, the mobile card reader, to process payments wherever he was selling, and keep up with his customers, who didn't always have cash on hand. "We want people to taste the honey and understand the different flavors, and we'll ask them to sign up for our newsletters," Freeman says. "So the festivals and markets are just as much about lead generation as they are about sales. When people are ready to buy at the markets, PayPal Here lets us process the purchase so they can take home their honey right away."

PayPal for the consumer is convenient, but PayPal can offer even more to a small business. These entrepreneurs used PayPal to accelerate the growth of their businesses. PayPal can be an all-in-one payment processor for however your business sells today or in the future -- online, in store, on the go, or in marketplaces. PayPal is right for any level of business and entrepreneur -- from those just getting started to those expanding internationally.

Update: PayPal can be your trusted business partner, starting at $0 a month, and signup takes as little as 15 minutes! Follow this link to start accelerating your business with PayPal today.

1PayPal Credit is subject to credit approval, as determined by the lender, Comenity Capital Bank. 2Data is based on the business's own internal analysis. 3PayPal Working Capital is subject to credit approval, as determined by the lender, WebBank, Member FDIC. 4Subject to minimum payment requirement of 10% of the total loan amount (loan + fee) every 90 days. See Terms and Conditions for details. Advertisement

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I thought I had a pretty good handle on my finances out of school. I worked several jobs while attending university and had little to no problem managing my income. However, once I graduated, I realized how much more complicated personal accounting could really be.

There were so many variables I needed to keep track of. Biweekly bills, monthly charges, and general necessities amounted to a heap of confusing numbers that were often impossible to decipher. The funniest part was that I was actually trying to do this by hand (I don't know what I was trying to prove to myself, either).

After messing up for the 17th time, I decided to give Microsoft Excel a shot. I used Excel a bit in school and I knew all the big-wig finance people used it, so what could I possibly have to lose? The answer is about six hours of my precious time. Excel isn't much of an improvement over handwriting and it's still dependent on the user to manually input all of the information. It's like doing everything by hand with the slightest help, meaning that it still required a tremendous amount of time and concentration. Well that was all for nothing, I guess.

It's sort of funny. I was certain that I could manage my personal finances with ease, when it's practically a full-time job. I was already stressed out enough with my first job and I knew I didn't have enough time to give my finances the attention it deserved.

That's why I decided to try out a budgeting app. My best friend told me that he uses an app called Truebill to manage his finances. "What does it even mean to manage your finances?" I asked him. He told me that Truebill was the personal financial assistant I wished I could have. It could aggregate all of my account information into one place and give me specific insights and actions.

I loved the idea of having full control over my finances, especially during a time of financial uncertainty, and I realized that Truebill would be the easiest way to accomplish this. The user interface is incredibly simple and intuitive, so it doesn't even feel like a finance app! Truebill offers a multitude of features, with their most popular being the ability to cancel subscriptions with the press of a button.

Okay, I had no idea how many subscriptions I was still subscribed to. In fact, I wasn't even using a quarter of the subscription services I was signed up for. Subscription boxes, streaming services, my old gym, and even an old subscription to my favorite magazine--it was all there and I was livid. How could I let myself waste all of this money and how did I never catch this? Thank goodness for Truebill.

Truebill also offers bill negotiations. There is a 40% fee based on how much you save and Truebill even claims that there is an 85% chance that they'll be able to lower your bill once a negotiation is requested. Why wouldn't I take them up on this? There was zero risk and I would only have to pay once my bill was lowered (which means that I would be saving money regardless).

More standard features of Truebill include the ability to generate a credit report on-demand and even request a pay advance. I only used the pay advance feature once when I wanted to buy a gift for my mom, but didn't have enough cash in hand and Truebill automatically reimbursed itself when I got my next paycheck.

The credit report is another fantastic feature and practically taught me what good credit meant. Truebill's credit report basically shows you which financial decisions have the most significant impact on your credit score and ways that you can improve your credit month-over-month. I've never had such control over my credit and it feels good.

I'll be the first to admit that I was extremely naive coming out of school. I figured that as long as I was attentive, I could manage my finances with ease. We manage money to some extent throughout our entire lives, but once you're thrown out on your own, it's a completely different story. With Truebill, I've finally been able to take control over my finances and stay on top of all of my responsibilities.

Update: Our friends at Truebill are extending a special offer to our readers! Follow this link to sign-up for Truebill.

My buddies and I always try to make it out to a game, but we never really care which one we end up at. Obviously we have our favorite sports and teams, but it was rarely about what game we went to or who we saw playing. It was about watching the game live.

In the early months of lockdown, all we had was Korean baseball, and trust me, we loved it. The only issue was, none of us had any idea what the commentators were saying. Even then, a few of my friends weren't huge fans of baseball. They were into sports like football and basketball, ones that moved at a quicker pace with less down-time in between plays.

We decided to see if there were any other events going down and came across horse racing. Yes, horse racing. It was perfect--short, fast-paced, and most importantly, an opportunity for betting.

I had never really considered watching a horse race any time other than the Belmont Stakes, but the prospects of the sport seemed exhilarating. Even better, with horse racing we knew we could still recreate the atmosphere of a race track. Salty snacks? Check. Stale beer? Check. A simple and easy way to bet? Check.

One quick Google search later, we came across TVG, powered by FanDuel. It's an online betting platform that takes you right to the heart of the action. We were a little apprehensive about using a mobile app to place our bets, but TVG's ability to bet on live horse races from all over the world was too good to pass up.

Here are 5 reasons why we are obsessed with horse racing thanks to TVG:

1. Betting has never been easier

Use your phone or computer to watch and bet on live horse races in real-time. TVG offers a bunch of features to make betting even simpler--live odds and handicapping tips leverage recent learnings to help you make your best bet. Not to mention, TVG's exclusive race content and wagering guide offers an under-the-hood look into the strategy behind horse race betting.

2. The biggest selection of horse races out there

If you're looking to drop a little dough on a horse race, chances are your best option is your local race track. But watching the same few horses races over and over again isn't the most exciting thing. With TVG you have access to over 150 tracks worldwide with races happening consistently throughout the day.

3. Get a generous sign-up offer when you place your first bet

Once you register your account, you will be eligible for a $200 risk-free bet. All you have to do is place your first bet and you're covered. If you happen to lose, TVG will insure you for up to $200 as a sort of wagering credit. I may have been a little trigger happy when placing my first bet, so having this insurance was a great perk. There are also a bunch of promotional offers available year-round.

4. Making deposits and cashing out at the touch of button

With a ton of payment options such as PayPal, BetCash, debit/credit, wire transfers, and other third-party services, making a deposit is a breeze. But what about the payout? Depending on your deposit method, your withdrawal will be available in a few days. No more waiting in-line to collect your winnings!

5. Watching live races with your friends while betting is exhilarating

Even when we were watching Korean baseball, Zoom calls with my friends were a little dull.

With TVG, we haven't had this sort of fun in months! Every weekend we'll turn on a race and throw our bets in. After a few races, and quite a few drinks, we'll tally up our winnings to see who won the most! Sometimes it's not even about making money, but just having a good time.

TVG is the perfect way to add a little excitement to an otherwise mundane afternoon. It introduced me to the world of horse racing, a sport I never would have considered otherwise.

The races just keep ramping up and thanks to TVG, I can always get in on the fun.

UPDATE: The biggest derby in horse racing is THIS WEEKEND. Get in on the action with your $200 risk-free bet!

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