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News Link • Employee and Employer Relations

PayPal To Provide $25M Of Interest-Free Cash Advances To Unpaid Federal Workers

•, By Tyler Durden

"Starting immediately, PayPal is offering an interest-free cash advance up to $500, the equivalent of one week's take home, for any existing or new PayPal Credit customers who are federal employees and are struggling to make ends meet," said PayPal CEO Dan Schulman in a Friday USA Today Op-Ed

"We are committing to fund up to $25 million of interest-free cash advances to help federal government employees pay for food, gas and other everyday necessities," he added. "We hope that this program can provide some relief and certainty in uncertain times."

Approximately 800,000 federal workers missed their first full paychecks last Friday, and have either been furloughed or working witout pay due to the longest government shutdown in US history, now in its 28th day. 

The shutdown impasse revolves around roughly $5 billion demanded by President Trump for his long-promised border wall, which Congressional Democrats refuse to fund.

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