eBay merchants running low on funds will soon be able to make use of a new financing solution: eBay Seller Capital.
Announced Wednesday, this program aims to supply needy eBay sellers with a shot of money via online lender LendingPoint’s financing tools, according to some pot pr release by eBay and LendingPoint.
“We’re dedicated to empowering entrepreneurs to create their dreams a reality, and we are continuing to partner with this sellers to supply them with the various tools they need to thrive,” eBay’s V . p . of Global Payments Alyssa Cutright said inside a statement. “This program with LendingPoint will enable critical funding opportunities for eBay sellers, especially during this period of economic uncertainty.”
Hints at a potential eBay-LendingPoint team-up had floated around for a few weeks — the program’s landing page was live and eat a minimum of July 18, per an EcommerceBytes article.
eBay Seller Capital is now live in the form of an invite-only pilot program readily available for “select sellers.” eBay promises that this program will available to all eligible US-based sellers “later this year.”
At launch, eligible sellers might be able to receive between $500 and $25,000 in funding within one working day. Later within the fall, the utmost loan cap will be bumped up to $500,000.
Loans through eBay Seller Capital come with flexible term lengths as high as 48 months. LendingPoint also won’t charge borrowers origination or early payback fees.
A working capital option is and in the works (it’s slated to be “coming soon”). This selection allows sellers to settle loans based on a percentage of their eBay sales.
eBay further highlights the truth that the financing program won’t impact applicants’ credit ratings. Instead of managing a hard credit pull (which could harm scores), LendingPoint will use a soft credit inquiry, which does not affect credit scores and won’t show up to 3rd parties on credit reports.
“LendingPoint’s purpose would be to accelerate and democratize commerce,” said LendingPoint’s CEO and co-founder Tom Burnside. “We're thrilled so that you can make use of the data and technology we have included in our platform to assist eBay sellers achieve their dreams.”
eBay claims it and LendingPoint hope to “expand their offering” later on, although what exactly this may entail is not clear at the moment.
Previous eBay Seller Financing Experiments
eBay’s latest seller financing attempt is far from its first foray in to the sector.
Back in 2022, the internet marketplace partnered with Square Capital to provide loans ranging between $500 and $100,000. That partnership seemed to peter out sometime in 2022. eBay is certainly no more marketing the relationship.
Sellers could also tap into PayPal Capital, which worked tidily with eBay by automatically deducting payments from sellers’ PayPal accounts. However, with eBay’s operating agreement with PayPal ending recently, sellers are in possession of to manually make payments for loans with the PayPal Working Capital program.
The death knell of eBay and PayPal’s relationship is really one of the key selling points for eBay Seller Capital. eBay notes this financing program will work together with its new managed payments platform, that was created by the online marketplace to replace PayPal’s payments system.
With both Square Capital and PayPal ventures fizzling out, it looks like eBay Seller Capital will be the primary way of merchants looking to dip into a stream of money — at least for that immediate future.
Alternative Funding For eBay Sellers
This new financing program isn’t the only real funding choice for eBay merchants. Check out ’s help guide to the very best funding choices for eBay sellers for any deep dive into the topic.
