Square Capital, which has already facilitated more than $2.8bn worth of SMB credit, is extending its reach through a partnership with eBay to provide up to $100k in credit to sellers in as little as one day.
Additionally, eBay will being to accept Apple Pay (NASDAQ:APPL) this fall. Apple Pay is one of the most popular choices when it comes to mobile payments. Apple Pay will be among the first forms of payment offered in its new payments experience. Earlier this year, eBay announced it will manage the end-to-end payments flow on its platform to further simplify and improve the buying and selling experience. The company expects to start managing payments on a limited scale in the US early this fall, at which time buyers will be able to use Apple Pay to purchase items from sellers participating in the initial phase of the new payments experience.