Payability Arms Ecommerce Sellers With Corporate Cards |
Payability a company focused on linking sellers on eCommerce platforms to financing options is adding a corporate card product to its range of solutions The company announced in a press release issued Thursday Sept 13 that its Payability Seller Visa Card is now available to eCommerce sellers The solution provides businesses with faster access to marketplace payouts The solution is powered by open API platform Marqueta the company noted and enables online sellers to access financing for improved cash flow According to Payability online sellers often have to wait two weeks or longer to access the funds resulting from their sales Its corporate card solution links businesses to their payouts more quickly enabling them to perform necessary growth tasks like inventory restocking to advertising faster than if they had to wait for their payouts Reliable access to capital is a challenge for most marketplace sellers Payability CEO Keith Smith said in a statement Most are small businesses that arent operating with huge amounts of working capital to draw on and a weeks-long delay in getting payment can be crippling Early payouts give sellers the cash flow they need to stay well-stocked with inventory and keep up with increasing demand he added The card augments Payabilitys existing accelerated payments solution which according to the company has linked online sellers with more than 1 billion since its launch in 2016 Its accelerated payments offering first opened for Amazon sellers and was later expanded to sellers on the Walmart Jetcom and Newegg marketplaces among others Payabilitys card solution was announced just days after Paysafe launched its own feature to help physical merchants access their payouts more quickly The company rolled out Express Funding Same-Day Funding and Next-Day Funding letting businesses access financing via a debit card linked to their Paysafe accounts