EBay India Partners Capital Float To Finance Sellers

August 22, 2015 Nemes Finance

Online marketplace eBay has actually partnered Capital Float, a digital financing
platform, to offer finance to e-commerce sellers across the nation
in under 3 days.Together with Capital Float, eBay really hopesintends to provide its seller-partners with that much required shot of capital to assist them win in a highly competitive market, the business said in a. statement on Wednesday.Sellers from throughout the country can get. collateral-free finance from Capital Float varying from Rs.
1,00,000 to. Rs. 1 crores at industry-competing interest rates.eBay India has.
been at the leading edge of producing tools that have allowed business.
growth for its sellers, regardless of their size … Our association
. with Capital Float is an effort to support our sellers by offering them.
financial support and help them ship more, eBay India Director.
Seller Service and Technology Category Pankay Ukey said.Sashank.
Rishyasringa, co-founder of Capital Float, said:

It has been only a fewjust a few. days because our alliance with eBay was formalised and we have currently.
disbursed loans of near Rs. 10 crores to sellers on eBay.Other. e-commerce gamers like Snapdeal, Flipkart and Paytm have also created. similar partnerships to make it possible for SMEs
acquire loans in a hassle-free. manner. Following PayPals separation from e-commerce. major eBay in July, PayPal India said that it will partner with its.

creators rivals and is eager to expand in the country. In. the first week of August, PayPal revealed enhanced Buyer Security.
for Indian users, now reached intangible items for worldwide. deals. The prolonged buyer defense will help reduce the fear.
of uncertain delivery or Lost-O-Phobia, the top worry in the minds of.
Indian consumers, PayPal said.Written with inputs from PTI

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