PYMNTS.com recently reported that Walmart is partnering with Payoneer to deliver three types of working capital solutions to Walmart.com’s third-party sellers. The solutions are intended to help sellers better grow their businesses. Let’s get you the important details.
The new capital solutions that Walmart and Payoneer are to provide include:
The various plans are designed to help Walmart sellers expand and diversify their businesses by providing three capital solutions that meet a seller’s specific needs. In particular, the additional cash flow can help a seller:
According to Walmart Senior Director, Marketplace Strategic Programs Tomas Ponce De Leon, “Affordable working capital is more important than ever to help our sellers grow their business.” He continued, “Our relationship with Payoneer helps provide sellers access to multiple capital advance programs to meet their business needs.”
We see this as a great opportunity for third party sellers. While it might not make or break a seller, it may provide that tipping point that allows a merchant to grow or diversify and move into a new market. We’ll continue to monitor the story and report back with any real-time reactions from sellers as to the costs and benefits of the new solutions.
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