�Kabbage provides funding just for online sellers. We recognize that online merchants have a more difficult time obtaining the funding they need to grow their businesses and we built a solution to meet their needs. These merchants demand the attention of a financial services partner that understands the unique challenges and opportunities facing online sellers.�
The funding is similar to a cash advance on a credit card. This is not a loan. When you first sign up for Kabbage, you will provide them with the following information:
eBay account login
Amazon account login
Paypal login
SSN or EIN
Bank account routing number and account numbers
You can also provide your Facebook, Twitter, and Linkedin profiles so Kabbage can see if you are active on social networks. Also, you can show Kabbage your UPS account so they can see how often you ship through UPS, to further validate your online business.
Kabbage will access your eBay, Amazon, and Paypal accounts with a third-party token � the same way you authorize any other third party service such as Seller Sourcebook, Auctiva, FBA Scout, FBA Power, Ink Frog, etc., to access your accounts. Then, the algorithm is run and Kabbage calculates the amount of your first advance and your rate. You may take the distribution of your funding any way you like � one lump sum, a portion at a time, or not at all until you are ready. You can play around with the numbers to see what your monthly payments will be. Once you select your distribution amount, the funds are deposited into your Paypal account in just a few minutes.
Also, once you make your first payment, and you continue to list products for sale, Kabbage may increase your funding amount. Each time you make a payment, Kabbage may increase your advance limit. Mine is now 5 times the initial amount granted when I first signed up.
Kabbage is an easy way to take your online business to the next level if cash flow is an issue.
Related articles:
Taking Your Online Business into 2012
Amazon and eBay Sales Tracking Spreadsheet
What Kinds of Things Can I Sell on Amazon?
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