When eBay announced that it would be accepting Apple Pay it wasnt the only new development for the online marketplace The company also revealed a partnership with Square to offer financing to companies selling on eBay heating up competition with its rival Amazon Bloomberg reported Tuesday July 24 that eBay will begin offering merchants up to 100 000 in financing through Square Capital The report also highlighted how eBay is working with PayPal rivals Square and Apple Pay following its split from PayPal in 2015 Earlier this year eBay announced it would be shifting its payment processing needs from PayPal to Adyen Square Capital is likely to see a significant boost to its financing volumes Reports said Square Capital facilitated 50 000 business loans in the first quarter of this year a 35 percent year-over-year increase eBays entrance into small business lending follows the companys recent push into B2B services In 2016 eBay launched its B2B platform Business Supply though it has mostly continued to focus on its B2C commerce operations More recently the company introduced Always Open an initiative that focuses on smaller sellers with eBay Stores subscriptions that also operate a physical storefront Businesses receive support from eBay staff as well as enhanced brand visibility on eBays Always Open landing page On the SMB finance front eBay rival Amazon has also been ramping up lending services to its online merchants Amazon rolled out small business lending services in several markets in 2015 Reports from last month said the service has now facilitated more than 3 billion worth of short-term financing for SMBs Amazon may soon introduce its lending service in China CNBC reported in June citing a job opening listed on Amazons careers website - You Might Also Like Related Items Amazon Apple Pay B2B B2B Payments eBay News SMB finance SMB lending Square Capital Whats Hot In B2B