Walmart and Payoneer have reached a cooperation agreement to provide a variety of financial operation solutions for third-party sellers!

According to foreign media reports, Walmart recently announced a partnership with financial services company Payoneer to provide third-party sellers with a new working capital solution. This move is intended to help different sellers find the most suitable funding operation method for themselves and assist them in developing their online business. The new solution will also further prepare sellers to expand new categories, develop new markets, and prepare for the peak season.

Tomas Ponce De Leon, senior director of Walmart Marketplace Strategic Projects, said that working capital is very important for sellers to develop their businesses, especially during this holiday season. Partnering with Payoneer can provide sellers with a variety of capital advance plans, allowing sellers to have more money to operate their stores. And while reducing financial pressure, they can flexibly find the terms that best suit their needs.

It is learned that Payoneer provides the following three working capital solutions for Walmart sellers:

• Capital Advance Express: a short-term solution with a settlement period of more than one month;

• Capital Advance Grow: A mid-term solution that provides sellers with more funds with a settlement period of 3 months;

• Capital Advance Plus: A long-term solution that provides more funds with a settlement period of 6 months.

Editor ✎ Nicole/

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