SellersFunding, a global financial platform provider, announced last week the release of its streamlined cross-border eCommerce payments system to help online merchants avoid hefty currency conversion fees and payment fees for sales in the UK and EU. Sellersfunding reported that as a solution, it has released their Digital Wallet cross-border conversion and payments tools for eCommerce in the UK and EU.
The SellersFunding Digital Wallet features the ability to:
- Collect marketplace payments in USD, CAD, GBP and EUR in a single application
- Hold balances for payments and transactions with no monthly fees
- Withdraw and pay suppliers in local currencies
The SellersFunding Daily Advances and Working Capital solutions include:
- Daily advances of up to 90 percent of the previous day’s sales to help sellers avoid cash flow gaps and to regulate the logistics of a growing eCommerce business
- Access to up to $1 million in working capital to increase reach and grow product inventory
Ricardo Pero, CEO of SellersFunding, also shared details about the services by stating:
“We are providing an integrated cross-border payment processing tool, combined with easy-access financing solutions in order to regulate daily cash flow and have access to working capital for business growth, all in one platform.”
As previously reported, SellersFunding claims it is changing the way e-commerce sellers scale their business through working capital and global financial tools.
“E-Commerce is changing the landscape of retail globally with progressing technologies significantly altering the way consumers shop. This continually-evolving ecosystem naturally creates new challenges that traditional institutions have trouble understanding. With SellersFunding, we help eCommerce sellers and brands alike gain access quickly to working capital so they continue to scale their business without giving up equity.”
Selerfunding recently announced the closing of a momentous receivables funding program with European alternative asset manager Fasanara Capital. According to SellersFunding, the multi-currency deal will allow for up to $100 million in funding across USD, GBP, EUR, and CAN currencies to enhance SellersFunding’s liquidity, as the U.S.-headquartered company continues to expand its services in North America, the UK, Canada, and Continental Europe.