eBay Introduces Open Banking, Using Off Site Seller Financial Data To Enhance Financing Options
eBay is introducing a new Open Banking feature, using seller provided off site financial data to enhance lending and financing offerings.
In a press release posted today, the company says Open Banking will unlock a faster, smarter, and more holistic way for sellers to access the capital they need to grow.
Open Banking: Powering a Better Way to Finance Small Businesses
One of the most consistent challenges eBay sellers face is gaining access to fast and affordable financing. In fact, a Goldman Sachs survey found that 77% of small businesses are concerned about their ability to access capital. This is why eBay is committed to unlocking capital for sellers in a fast, flexible, and holistic way.Now, through Open Banking, sellers can choose to securely share their financial data — including real-time cash flow and account balances from outside eBay — with eBay’s Seller Capital trusted lending partners. By viewing our sellers’ businesses through a holistic lens, both on and off the platform, this gives eBay’s lending partners the ability to make faster, more accurate, and more inclusive lending decisions.
“Open Banking helps to make the eBay Seller Capital application process easier, faster and more holistic for small businesses, so we can help more eBay sellers start and grow their businesses,” said Avritti Khandurie Mittal, vice president of product for eBay services.
“Sellers not only have less of an administrative burden when applying for financing, it also means eBay’s trusted lending partners can make faster and better financing decisions that expands the eligibility of sellers, with potential for larger offers and more competitive pricing for our sellers. This integration builds on the strong momentum of the Seller Capital program, which has already delivered over $100 million in working capital to more than 10,000 sellers this year — making a real difference in their ability to scale and thrive.”
With Open Banking, eBay’s lending partners can evaluate sellers’ businesses on and off the platform, helping to:
- Increase financing approval rates
- Provide better financing terms — larger offers and more competitive pricing — based on a complete financial picture
- Expand eligibility to new or previously underserved sellers
Sellers still have control over their financial data, while enabling personalized financing solutions that help sellers grow and succeed on their terms.
This integration is available for eligible sellers in the UK and Germany, and will roll out to eligible U.S. sellers in Fall 2025.
