eBay Germany launches a loan service

September 7, 2022 by
Frank Calviño

eBay Germany has announced that will offer a loan service in alliance with online loan provider Iwoca. This credit solution will be eBay Flexi-Kapital by Iwoca and sellers on the marketplace will get access to funds within 24 hours after their request.

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Merchants on the online marketplace eBay can apply for working capital loans starting at 2.500 € and up to a top of 1 million euros. 

According to eBay, most of these credit approvals will be automated in real-time, which means that sellers will receive the funds within 24 hours of their request if they are approved. The service comes without interest, instead, sellers pay a one-time fixed fee.

Flexible repayments

eBay loan will offer a flexible repayment system linked to sales. Merchants who generate fewer sales will benefit by repaying less during that month. At the same time, sellers can also increase their credit if they encounter an unexpectedly higher demand. eBay's idea is to offer a credit line that can grow or diminish according to the seller's needs, so they can upscale quickly.

“With eBay Flexi-Kapital, we are now offering our dealers easy access to financing. The entire process is quick and uncomplicated: from the convenient, fully digital application to the timely decision and payment to the flexible, sales-based repayment.

With the new loan offer, we help our commercial sellers where they operate their businesses. In this way, especially in times of a more dynamic market environment, we are creating the necessary flexibility to counter delivery problems or rising energy prices.” said Oliver Klinck, Managing Director of eBay Germany.

Loans are on the rise

According to research conducted by Iwoca, the need for financing is above average among retail companies when compared to other sectors in Germany. 

At least 31% said they needed fast and easy access to loans in order to conduct their business more productively in the last year. Across other sectors, only 2 out of 10 respondents stated this sentiment.

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