📈 eBay Introduces Business Cash Advance
eBay has unveiled its latest offering, Business Cash Advance, as part of the eBay Seller Capital program. Initially piloted in 2020, this new service is designed to help eBay sellers access quick and flexible financing. With the new program, sellers can receive up to $1M in working capital within 24 hours. This initiative aims to support sellers at all business stages, providing much-needed funds efficiently and effectively.
💼 Fast and Flexible Financing
The Business Cash Advance program offers a simple and personalized application process that can be completed online in as little as three minutes. Sellers can obtain pre-approved funding ranging from $500 to $1M, with funds typically transferred within 12-24 hours of approval. The program boasts flexible, scaled payment schedules with no minimum payments and no early payment penalties, allowing sellers to manage their finances without added stress.
🔧 Streamlined Management Tools
eBay Seller Capital also provides tools to help sellers manage their finances effectively. Sellers can track payment progress, reconcile payments and sales proceeds, and view all necessary reporting in one place through the eBay Seller Hub. This centralized management system aims to make the financial aspect of running a business more transparent and easier to handle for sellers.
🤝 Partnership with Liberis
The Business Cash Advance program is offered in partnership with Liberis, a global embedded finance platform. "eBay understands the challenges small businesses face in securing fast, flexible, and transparent financing," said Avritti Khandurie Mittal, VP & GM of global payments and financial services at eBay. Rob Straathof, CEO of Liberis, added, "Through eBay Seller Capital, Liberis will empower sellers with access to fast and responsible financing." This partnership enhances eBay’s ability to support its sellers by providing tailored financing solutions that meet their unique needs.
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