eBay teams up with Liberis to help US sellers access working capital

US-based ecommerce giant eBay has launched ‘Business Cash Advance’, which is a new revenue-based financing product provided by embedded finance platform Liberis.

The new product offered through ‘eBay Seller Capital’ provides eligible eBay sellers in the US with pre-approved funding offers ranging from $500 up to $1 million.

Approved funds are typically transferred to sellers in 12 to 24 hours, while the product’s “flexible payment schedules” scale with the seller’s sales cycle, and there is no minimum payment and no early payment penalty.

In addition, sellers are able to track payment progress, reconcile payments and sales proceeds, as well as view reporting in one place on the ‘eBay Seller Hub’.

Avritti Khandurie Mittal, vice president and general manager of global payments and financial services at eBay, said: “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.

“The addition of Business Cash Advance to our suite of offerings in partnership with Liberis enables us to expand capital availability for our sellers on flexible terms – when they need it the most.”

Rob Straathof, chief executive officer of Liberis, added: “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. We’re thrilled to partner with eBay to support eBay sellers to operate and grow their businesses.”

Earlier this year, Liberis partnered with ecommerce software provider Shop Circle to address the ecommerce small business funding gap in the UK and US.

The US Small Business Administration reported that two out of three business owners who applied for credit did not receive the funding they needed in 2022.