Payoneer offers Capital Advance to Walmart Marketplace for working capital
Dec. 07, 2021 9:22 AM ETPayoneer Global Inc. (PAYO)By: SA News Team5 Comments
- Payoneer (NASDAQ:PAYO) trades 4.4% higher premarket after announcing a new working capital offer for Walmart U.S. Marketplace sellers through offering expanded Payoneer Capital Advance to Walmart Marketplace third-party sellers on Walmart.com.
- The program helps support Walmart's sellers' growth by offering a choice of three types of working capital offerings that suit different business needs.
- Since Capital Advance is tied to Walmart’s sellers’ marketplace earnings, collection is gradual, allowing them to maintain sufficient funds for day-to-day operations, while taking advantage of opportunities to inject capital into their business when it matters most.
- Payoneer is now offering three flexible Capital Advance programs, allowing sellers to choose the settlement period and terms that best fit their business needs.