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Finance & Economics

eBay offers loans to sellers through new partnership

Aug 06, 2020

eBay sellers across the US can access funding to help expand their businesses

eBay loans

eBay offers loans to sellers through new partnership. Source: flickr.com

eBay has partnered American data and tech platform LendingPoint to launch a new program called eBay Seller Capital.

During the initial launch, eligible sellers may receive up to $25,000 in funding in as little as one business day.

Besides, LendingPoint won’t charge origination fees or early payback fees.

The program is compatible with payments managed by eBay and will unlock opportunities for both individuals and businesses. They can obtain financing, providing eligible sellers with a fast, flexible, and transparent funding experience.

The program will be offered with terms of up to 48 months to allow sellers to choose the best option for their budget needs, and lower repayment plans as part of the longer terms.

We’re committed to empowering entrepreneurs to make their dreams a reality, and we are continuing to partner with our sellers to provide them with the tools they need to thrive. We’re excited to make flexible financing options available that are integrated with our new payments experience. The program with LendingPoint will enable critical funding opportunities for eBay sellers, especially during this time of economic uncertaintyrnrn
Alyssa Cutright, Vice President of Global Payments at eBay

We’ve reported that eBay?will fully launch?its management of payments as its operating agreement with?PayPal?has officially expired.

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