10-28-2024 10:36 AM - edited 10-28-2024 10:42 AM
What is Flexible Cash Advance?
eBay Seller Capital recently launched Flexible Cash Advance, a new financing option designed to help you easily get the funds you need for your business. Once approved, you’ll gain access to your financing portal that can potentially hold $5,000 to $2 million in available capital. You can take out multiple advances up to the maximum available capital as often as you need, without new applications or approvals for each advance.
This isn’t a loan and there is no interest. You’ll be charged a fixed fee every time you take out an advance from your available capital. Also, unlike a term loan that has fixed monthly payments, Flexible Cash Advance is paid on a pre-agreed percentage of your gross sales on eBay.
As you sell, you’ll be able to access more funds up to your approved limit. This makes it easier to buy inventory, manage cash flow, and invest in advertising to grow your business.
Benefits
How to apply
Some sellers might receive a pre-approved offer in advance; if you don’t receive one, you can always apply with our financing partner. After filling out the application, you could be approved within 24 hours and given access to your financing portal, where you’ll see your available capital. From there, you'll be able to access funds as needed, and you’ll only pay fees on the amount you use. Any unused funds can be accessed via your financing portal for future use. Any unused funds will remain in your financing portal at no extra cost for future use.
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Please allow us 24-72 hours to provide an answer to your question.
10-29-2024 08:58 AM
Flexible Cash Advance is designed to be fair and simple. Signing up and gaining access to your financing portal is free, and there’s no commitment to use funding from it.
You’ll only pay a fee when you take funds from your financing portal. The fee is a set price and you do not accrue any interest. You only pay for what you use.
The Problem is, the answer does not answer the question. What is the specific fee structure for taking funds from the financing portal?
10-29-2024 09:07 AM
@postcardcountry wrote:
In the announcement, this was an FAQ:
What are the fees?
Flexible Cash Advance is designed to be fair and simple. Signing up and gaining access to your financing portal is free, and there’s no commitment to use funding from it.
You’ll only pay a fee when you take funds from your financing portal. The fee is a set price and you do not accrue any interest. You only pay for what you use.
The Problem is, the answer does not answer the question. What is the specific fee structure for taking funds from the financing portal?
Hi @postcardcountry. The fee is a fixed amount based on usage according to the information Liberis provides here. You can also reach out to them at +1 470 582 1130 for further questions regarding the fee.
10-30-2024 11:24 AM
What is the fee for withdrawing funds, when do they need to be re-paid (12 months?), what happens if the balance is not paid off in that time?
10-30-2024 08:09 PM
The page you sent me to does not answer the question.
They only tell you how they calculate the repayment.
THEY NEVER MENTION WHAT THE FEE IS TO ACCESS YOUR APPROVED AMOUNT.
Why can't this be transparent in their -- and eBay's - advertising?
11-03-2024 07:49 PM
I second this. Not saying what the fee is...is like hiding that info. I understand that the company can say the fee will be "this much for that amount", but we would have to then calculate what percentage that equates to. Being that they then take "20% of your daily eBay gross sales" to pay it back, that's like a 5 month loan. This is very similar to Pawn shop loans, and I suspect the fee equates to a high interest rate just like with Pawn shop loans.
11-03-2024 07:52 PM
Ebay states: "...they then take "20% of your daily eBay gross sales" (to pay it back), that's like a 5 month loan.