Etsy has been coming under fire for its practice of holding sellers’ funds in reserve – the story blew up in the UK when the BBC wrote about the hardship sellers are facing as the result of the financial squeeze. Read more
Bonanza launched a new financing service, with CEO Quincy Faison telling EcommerceBytes the new seller loan portal is designed to help sellers access the capital markets for inventory, marketing, and other activities to grow their booths. Faison acquired Bonanza last Read more
Inflation and recession are words you hear a lot these days, and large corporations are making headlines with cost-cutting initiatives and layoffs. But are online sellers paying attention when it comes to their own businesses? Eric Youngstrom, founder and CEO Read more
Amazon announced a joint pilot program with Lendistry called Amazon Community Lending for small and medium-sized sellers. The new program will provide loans to help fund sellers’ strategic business needs, such as inventory expansion, brand building, and customer acquisition. Lendistry Read more
eBay partnered with LendingPoint to provide loans to sellers, and presumably it will benefit financially from the deal. PayPal had been one of the go-to companies for eBay sellers looking for working capital loans, but after the companies split in Read more
