Payability Arms eCommerce Sellers With Corporate Cards
Summary
Payability, a company focused on linking sellers on eCommerce platforms to financing options, is adding a corporate card product to its range of solutions. The solution is powered by open API platform Marqueta, the company noted, and enables online sellers to access financing for improved cash flow. “Most are small businesses that aren’t operating with huge amounts of working capital to draw on, and a weeks-long delay in getting payment can be crippling. The card augments Payability’s existing “accelerated payments” solution, which, according to the company, has linked online sellers with more than $1 billion since its launch in 2016. Payability’s card solution was announced just days after Paysafe launched its own feature to help physical merchants access their payouts more quickly.