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February 25, 2019
On the wires
Payoneer Launches Capital Advance Service to US Sellers
“Payoneer, a leading payment platform empowering businesses around the world to grow globally, announced today the expansion of its Capital Advance service, a unique working capital offering designed for eCommerce merchants. Capital Advance provides Payoneer customers the ability to receive working capital with the click of a button, giving them an instant boost of funds they can use to drive their business forward. New offers are extended regularly with repayment terms of up to 90 days later for sellers on Amazon, Walmart, and Tophatter. “
September 26, 2018
On the web
Stripe is testing cash advances, following Square and PayPal’s moves into business finance
TechCrunch
“It has been testing a new cash advance service, providing financing to its business customers, that would provide funds to businesses 1-2 days after applying for them. Stripe has already started to reach out proactively to customers to market and issue the loans, which appear to be getting tested under the brand name Advance.”