eBay Inc. announced the launch of Business Cash Advance, a new eBay Seller Capital revenue-based financing product provided by Liberis. The goal is to support eBay sellers at every business stage; Business Cash Advance offers eligible U.S. eBay sellers up to $1 million in working capital in as little as 24 hours.
The product promises:
- A seamless application experience: 100% online and personalized application experience that takes as little as three minutes.
- Extensive financing options: Pre-approved funding offers ranging from $500 up to $1M, removing the fear of rejection.
- Fast access to capital: Upon approval, funds are typically transferred in as little as 12-24 hours.
- Flexible payments: Flexible payment schedules that scale with the seller’s sales cycle. There is no minimum payment and no early payment penalty.
- Transparent reporting: Sellers can easily track payment progress, reconcile payments and sales proceeds, and view all reporting in one place on the eBay Seller Hub.
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