eBay Launches Business Cash Advance to Boost Small Business Growth
eBay Seller Capital Partners with Liberis to Fuel Small Business Success
By ChannelMAX Staff Writer
July-2024#12
eBay, a leading e-commerce platform, has just announced an important new service for its sellers. In partnership with Liberis, eBay is introducing Business Cash Advance, a new way for online sellers to get quick and flexible funding. This announcement is big news for small businesses on eBay, who often need help to get loans from traditional banks. The new Business Cash Advance, part of eBay Seller Capital, aims to help sellers grow their businesses by giving them easier access to working capital when they need it most.
The new financing option offers several advantages for eBay sellers:
Fast application process: Sellers can apply online in as little as three minutes.
Substantial funding: Pre-approved offers range from $500 to $1 million.
Quick access to funds: Capital is typically available within 12-24 hours upon approval.
Flexible repayment: Payments scale with the seller's sales cycle, with no minimum or early payment penalties.
Transparent tracking: Sellers can easily monitor payment progress and view reports in the eBay Seller Hub.
Avritti Khandurie Mittal, VP & General Manager of Global Payments and Financial Services at eBay, says, "eBay understands the challenges small businesses encounter in securing fast, flexible, and transparent financing. eBay Seller Capital is aimed at fueling our sellers' growth by providing them with tailored financing solutions that meet the unique needs of their businesses."
Also Read: eBay to Stop Accepting AmEx Payments over "unacceptably high fees"
The introduction of Business Cash Advance brings several advantages to eBay sellers:
Quick access to capital: Funds can be obtained within 24 to 48 hours, which is crucial for addressing immediate financial needs.
Flexible requirements: Accessible even to businesses with poor credit scores or those that may not qualify for traditional loans.
No collateral needed: Reduces risk for e-commerce businesses lacking significant physical assets.
eBay sellers can leverage this new financing option for various purposes:
Marketing and expansion: Invest in digital marketing efforts, website renovation, and market exploration.
Inventory management: Maintain adequate stock levels and take advantage of bulk purchase discounts.
Emergency fund: Create a financial cushion for unforeseen costs and seasonal fluctuations.
eBay's launch of Business Cash Advance with Liberis is the latest in a series of efforts to help sellers access funding. Over the years, eBay has partnered with various financial companies to offer capital to its sellers, including PayPal, Square Capital, and LendingPoint. This new program with Liberis continues eBay's tradition of adapting its financial support to meet the changing needs of online sellers.
Rob Straathof, CEO of Liberis, expressed enthusiasm about the partnership: "We understand the unique challenges eBay sellers face when securing financing through traditional means. Through eBay Seller Capital, Liberis will empower sellers with access to fast and responsible financing."
In conclusion, introducing Business Cash Advance marks a significant step towards empowering eBay sellers with the financial resources they need to thrive. By providing quick access to capital, flexible repayment options, and a streamlined application process, eBay Seller Capital and Liberis are removing barriers to growth and enabling small businesses to reach their full potential.
For more information about this new financing option, sellers can visit the eBay Seller Capital page.
Also Read: USPS Rate Changes Coming in July 2024: What eBay Sellers Need to Know
Follow us on Facebook, X and LinkedIn to get the latest news and updates related to online selling.
Disclaimer:
eBay is the registered trademark of the eCommerce brand.
About ChannelMAX.NET:
ChannelMAX offers Amazon Repricer that runs on the latest AI Repricing algorithm to do Amazon Pricing Management or Amazon Repricing. Based on Amazon SP API, the repricing engine or repricer runs 24/7 and efficiently manages Amazon prices to maximize your BuyBox with profit optimization. Established in 2005, ChannelMAX has been integrated with Amazon technology since 2007, helping thousands of third-party sellers on various eCommerce platforms. Some of the eCommerce platforms, aka marketplaces, supported by ChannelMAX.NET, are Amazon, Walmart, eBay, and Shopify. Some of ChannelMAX key offerings include ChannelMAX Amazon Repricer, 2ndly, ChannelMAX Amazon FBA Audits and FBA Refunds management, an offering for managing Amazon FBA Refunds Reimbursement management for lost or damaged or misplaced inventory for which Amazon is responsible and for which sellers deserve appropriate credit reimbursement from Amazon. ChannelMAX Services offer Remote (aka Virtual) Full-Time eCommerce Assistant to help 3P sellers run their daytoday business.
Check ChannelMAX at Amazon Selling Partner Appstore, an application with a 5 star rating.
By ChannelMAX Staff Writer
July-2024#12
eBay, a leading e-commerce platform, has just announced an important new service for its sellers. In partnership with Liberis, eBay is introducing Business Cash Advance, a new way for online sellers to get quick and flexible funding. This announcement is big news for small businesses on eBay, who often need help to get loans from traditional banks. The new Business Cash Advance, part of eBay Seller Capital, aims to help sellers grow their businesses by giving them easier access to working capital when they need it most.
The new financing option offers several advantages for eBay sellers:
Fast application process: Sellers can apply online in as little as three minutes.
Substantial funding: Pre-approved offers range from $500 to $1 million.
Quick access to funds: Capital is typically available within 12-24 hours upon approval.
Flexible repayment: Payments scale with the seller's sales cycle, with no minimum or early payment penalties.
Transparent tracking: Sellers can easily monitor payment progress and view reports in the eBay Seller Hub.
Avritti Khandurie Mittal, VP & General Manager of Global Payments and Financial Services at eBay, says, "eBay understands the challenges small businesses encounter in securing fast, flexible, and transparent financing. eBay Seller Capital is aimed at fueling our sellers' growth by providing them with tailored financing solutions that meet the unique needs of their businesses."
Also Read: eBay to Stop Accepting AmEx Payments over "unacceptably high fees"
The introduction of Business Cash Advance brings several advantages to eBay sellers:
Quick access to capital: Funds can be obtained within 24 to 48 hours, which is crucial for addressing immediate financial needs.
Flexible requirements: Accessible even to businesses with poor credit scores or those that may not qualify for traditional loans.
No collateral needed: Reduces risk for e-commerce businesses lacking significant physical assets.
eBay sellers can leverage this new financing option for various purposes:
Marketing and expansion: Invest in digital marketing efforts, website renovation, and market exploration.
Inventory management: Maintain adequate stock levels and take advantage of bulk purchase discounts.
Emergency fund: Create a financial cushion for unforeseen costs and seasonal fluctuations.
eBay's launch of Business Cash Advance with Liberis is the latest in a series of efforts to help sellers access funding. Over the years, eBay has partnered with various financial companies to offer capital to its sellers, including PayPal, Square Capital, and LendingPoint. This new program with Liberis continues eBay's tradition of adapting its financial support to meet the changing needs of online sellers.
Rob Straathof, CEO of Liberis, expressed enthusiasm about the partnership: "We understand the unique challenges eBay sellers face when securing financing through traditional means. Through eBay Seller Capital, Liberis will empower sellers with access to fast and responsible financing."
In conclusion, introducing Business Cash Advance marks a significant step towards empowering eBay sellers with the financial resources they need to thrive. By providing quick access to capital, flexible repayment options, and a streamlined application process, eBay Seller Capital and Liberis are removing barriers to growth and enabling small businesses to reach their full potential.
For more information about this new financing option, sellers can visit the eBay Seller Capital page.
Also Read: USPS Rate Changes Coming in July 2024: What eBay Sellers Need to Know
Follow us on Facebook, X and LinkedIn to get the latest news and updates related to online selling.
Disclaimer:
eBay is the registered trademark of the eCommerce brand.
About ChannelMAX.NET:
ChannelMAX offers Amazon Repricer that runs on the latest AI Repricing algorithm to do Amazon Pricing Management or Amazon Repricing. Based on Amazon SP API, the repricing engine or repricer runs 24/7 and efficiently manages Amazon prices to maximize your BuyBox with profit optimization. Established in 2005, ChannelMAX has been integrated with Amazon technology since 2007, helping thousands of third-party sellers on various eCommerce platforms. Some of the eCommerce platforms, aka marketplaces, supported by ChannelMAX.NET, are Amazon, Walmart, eBay, and Shopify. Some of ChannelMAX key offerings include ChannelMAX Amazon Repricer, 2ndly, ChannelMAX Amazon FBA Audits and FBA Refunds management, an offering for managing Amazon FBA Refunds Reimbursement management for lost or damaged or misplaced inventory for which Amazon is responsible and for which sellers deserve appropriate credit reimbursement from Amazon. ChannelMAX Services offer Remote (aka Virtual) Full-Time eCommerce Assistant to help 3P sellers run their daytoday business.
Check ChannelMAX at Amazon Selling Partner Appstore, an application with a 5 star rating.