Walmart is partnering with commerce technology firm Payoneer to power three types of working capital solutions for Walmart.com’s third-party sellers, according to a press release on Tuesday (Dec. 7).
The new solutions are intended to assist Walmart sellers with growing their businesses by offering different working capital options that suit a merchant’s particular needs. The instant cash flow can help sellers branch out into new categories, get ready for busy seasons and expand into different markets.
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Access to working capital is especially important to eCommerce merchants during the holiday shopping season. The advance is connected to Walmart’s sellers’ marketplace earnings so the collection is measured, giving merchants more money to cover daily operations.
“Affordable working capital is more important than ever to help our sellers grow their business,” Walmart Senior Director, Marketplace Strategic Programs Tomas Ponce De Leon said in the release. “Our relationship with Payoneer helps provide sellers access to multiple capital advance programs to meet their business needs.”
Payoneer is now offering three flexible Capital Advance programs: the one-month Capital Advance Express, the three-month Capital Advance Grow and six-month Capital Advance Plus.
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“While access to working capital is no new challenge for eCommerce sellers, we’ve seen unprecedented supply chain and logistics disruptions, coupled with swift changes in demand — making it harder than ever for sellers to manage cash flow and plan ahead,” said Payoneer CEO Scott Galit.
“We recognized the situation quickly and worked to expand Capital Advance to provide approved online sellers with instant access to the capital they need to reinvest into their business, and the flexibility to choose the terms that suit their needs,” Galit said.
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