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Re: eBay Seller Capital Loans
 

I dont sell toys,but I know Ebay will clue its toy sellers approaching Xmas,parents will actually goto Ebay to find them as they are not yet available in retail stores.

Re: eBay Seller Capital Loans
 

Wow - that was quite the opportunity...free cash with no pay back...

Re: eBay Seller Capital Loans
 

plentry of people are defaulting on their IOU these days(bank loan,mortgage loan,auto loan,BNPL,cc loan,personal loan,dept store loan,you name it).
Macy dept store at one time was charging 34 % for its credit card,dont know how anyone would use it??

Re: eBay Seller Capital Loans
 

Have you been defaulting on loans, agent?

Re: eBay Seller Capital Loans
 

I recently did a Liberis for $3,000 and the fee is about $78. It isn't that bad, and I only did it mainly to test everything out. It gets preapproved, at least for mine so there was no formal application or credit check. If there was I wouldn't have done it.

I have up to $21,000 I could have used. The other loans are real applications and I had offers up to half a million. Not going to do it, no need.

Re: eBay Seller Capital Loans
 

HALF A Million to sell on internet strictly??????

Re: eBay Seller Capital Loans
 

Yes $500,000 with 5.99% fee plus interest. Timeframes are 12-84 month terms. The other one that I used is more like Shopify capital which takes a percentage from your sales until the entire amount is paid off.

You can provide any reason for the loan. I imagine if I really applied for the full amount I would need to justify the reasons though.

Re: eBay Seller Capital Loans
 

I would think more than reason to justify,they will do a credit check on you,I doubt they will lend you that much despite positive credit check.

Re: eBay Seller Capital Loans
 

If it's a business loan then there are other parameters such as proof of business model, profits, etc - rather than just personal loan.

Re: eBay Seller Capital Loans
 

Yea first of all considering it's eBay, I would never trust them with something like this and 2nd looking at the terms.... I don't see how this is going to be beneficial for practically any one.

It seems very scammy and they're just in it to make more money out of sellers.

Plus there are better ways to get inventory, even if you have to take a loan to start a business, there's other lenders who are better imho

Re: eBay Seller Capital Loans
 

I think people get blinded by the numbers. They'll watch their sales climb higher and higher for months on end, so they start to assume that the money tap will never be turned off.


I can't really blame eBay for offering the loans since selling money is one of the biggest industries in the US.

Re: eBay Seller Capital Loans
 

Just got my funds. Not going to lie, pretty cool. And in terms of fees, if you use it to buy COGS like I am, I’m just selling a few things ahead of time which covers the fee and then sum. Normally I’d wait to have the product but I ship by sea now so it takes over a month.

I have already offset my cost by like $400+ so the fee is irrelevant.

To be clear though, I’m using this only for more testing and it’s a low amount. My fixed spending on COGS is $15k+ a month.

Re: eBay Seller Capital Loans
 

The loan I used is no different functionality wise than Shopify capital which I tried out early this year for $1,500. I would agree more in the real loan type offer which can be predatory.

For me, I having been trying to get my business in a position where I never need a loan and I’m fully cash flow positive which took a while to understand. Seems obvious to me now, like I know I never need to spend more than $20k a month so if I have $40k saved, I just fill up the bucket back each month I never really have to worry because my business is then fully operational.

I didn’t understand that when I started because I had no clue or understanding how business works.

I would argue doing these things does not hurt but if anything helps make your account stronger. There is also no credit check on Shopify capital. They’re taking the sales you get monthly applying math to it that’s why my fee is low. If I used $21k loan, I’d be paying a far higher percentage fee. It increases the more I use because mathematically it would take longer for them to be paid back.

They know based on my historical data I’ll pay this loan back likely by end of the month given my sales volume so there is little risk to them in the grand scheme of things. It’s a pretty smart concept IMO.

Re: eBay Seller Capital Loans
 

NO,my mother was an early Ebay seller and made enough so we just recycle it-back then the profit margin was OBSCENE !

Re: eBay Seller Capital Loans
 

Hope it works out for you, sole. Your post reminds me of yankee - he always used to be a big advocate for taking on debt to grow. The way I've always looked at it, if you can't afford to expand with your own money then you aren't in a position to expand.


I agree that it means you have a healthy account if they're willing to offer the loan in the first place though.

Re: eBay Seller Capital Loans
 

I am going to repay it back by the 15th. Yankee was a cool guy, I used to look up to him when I was learning everything here. This forum was better when those guys contributed, Greenbean etc.

Re: eBay Seller Capital Loans
 

Yeah, for sure. MP did a number on this place and now it's mostly a UK forum.

Re: eBay Seller Capital Loans
 

COGS?

For some reason I'm not surprised that you managed to make it work to your favor.

Re: eBay Seller Capital Loans
 

COGS cost of goods sold.

Re: eBay Seller Capital Loans
 

Cost of goods. I am technically not where I want to be yet, because I keep reinvesting in all these things that make my end of month reserve still closer to break even. I used this $3k to ensure I could pay a supplier, then sold some stuff I have in transit from last month that arrives next week. While it is high risk to do this because INRC it's not a long term practice I will continue doing.


Works far better if you have your own website and let customers know of delays. If so, you could basically fund your entire monthly expenses with already sold sales that cover the fees. However, I would rather just want to have enough cash to not need to operate this way because it's far more risky and creates more stress.

Overall taking on debt I don't think is a good long term strategy. Not for my risk tolerance.