PAYO - Payoneer offers Capital Advance to Walmart Marketplace for working capital

Payoneer (NASDAQ:PAYO) trades 4.4% higher premarket after announcing a new working capital offer for Walmart U.S. Marketplace sellers through offering expanded Payoneer Capital Advance to Walmart Marketplace third-party sellers on Walmart.com. The program helps support Walmart's sellers' growth by offering a choice of three types of working capital offerings that suit different business needs. Since Capital Advance is tied to Walmart’s sellers’ marketplace earnings, collection is gradual, allowing them to maintain sufficient funds for day-to-day operations, while taking advantage of opportunities to inject capital into their business when it matters most. Payoneer is now offering three flexible Capital Advance programs, allowing sellers to choose the settlement period and terms that best fit their business needs.

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Payoneer offers Capital Advance to Walmart Marketplace for working capital