Small firms will soon have access to a new source of funding as a debate continues to rage on the availability of cash support from banks.
From this autumn, Paypal's business customers, including those on its eBay platform, can secure working capital against their future sales in exchange for a single fee.
The arrangement, the payment service said, amounted to "pay when you get paid" - meaning a business only had to repay the advance with a share of their PayPal daily sales.
Nothing would be handed back on a day where no sale was made.
The move followed, what the company said was, a "very successful" launch of PayPal Working Capital in the United States.
Paypal said that since the service began last September, it had provided $140m in cash advances to small and medium-sized enterprises (SMEs).
It said money could be available to customers within minutes of the online application being submitted and that no credit checks were needed because the service did not amount to a loan.
It also confirmed there were no interest charges or late payment fees.
The company believed the service would meet a real need at a time when the Government is concerned by SMEs suffering from "long-standing challenges in accessing bank and equity finance".
Managing director of Paypal UK, Cameron McLean, said: "Small businesses are the lifeblood of the British economy.
"But seven years after the start of the credit crunch, many of them are still struggling to get funding.
"According to the British Government, around a third of SMEs rely on retained earnings or the owner's own finances rather than bank or equity funding.
"This means that many find it very difficult to finance their present needs or future growth and the problem is acute for smaller, online businesses.
"PayPal is well placed to make a difference ... and we're delighted that our UK customers will be next to benefit from faster, fairer funding."
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