No Youlend loan as we have a small one through eBay?
We've been invited to apply for a small loan on Amazon, although a small sum, the cash would be handy for more stock, when I apply, it's declined because we have a small loan based solely on our eBay sales. At the time of taking the loan through eBay we were not told it would affect any Amazon Merchant funding.
Surely the mighty Amazon could offer a better package without interference from eBay?
No Youlend loan as we have a small one through eBay?
We've been invited to apply for a small loan on Amazon, although a small sum, the cash would be handy for more stock, when I apply, it's declined because we have a small loan based solely on our eBay sales. At the time of taking the loan through eBay we were not told it would affect any Amazon Merchant funding.
Surely the mighty Amazon could offer a better package without interference from eBay?
23 replies
Seller_mS10UjVYuuGor
The finance provider is not Amazon (or eBay for that matter) it is Youlend so totally Youlend's decision whether to offer finance or not. An invitation to apply is not a guarantee of any finance being offered. Amazon and eBay offer it as they get a commission from Youlend if someone does secure a loan.
Seller_zwoYg1nbgxxeu
Hey, we have been getting these invitations on Amazon for some time now. Applied 3 times, always been declined.
First time we did have an active loan on eBay, so they told us that was the reason.
Second and third time they said we failed credit check. Not sure why - yes it's not excellent, as we use credit cards and have couple of personal loans - but never missed any payments.
We now again have an invitation and yesterday called Youlend. They shared interesting thing - apparently they make decisions for eBay loans. But for Amazon they don't - Amazon does eligibility checks and if approved Youlend transfers the money.
So eligibility must be different, because we had 6 loans on eBay already and never been declined.
Maybe someone else can share more info - our turnover on Amazon is 4x that of eBay, so amount we could get is much higher.
Seller_w0NuiqSLJxWvi
Not sure why you'd use youlend as the rates are extortionate. Better off going to the bank. Not sure why people use these short term loans for cashflow etc?
Seller_yPeTTl3R9VyQA
We had a £75k loan through Amazon Lending which was paid off in 12 months. The last payment was in December. In January I saw an offer of £17k via You Lend on my seller central dashboard. I applied, and heard nothing for a week, so I called them, and they told me I couldn’t apply because we have a (tiny) £2k loan based on our eBay sales.
So, Amazon withdrew our top up facility without notice in the Spring, and their alternative is completely useless.
Very frustrating!
Seller_tZqYoeKoJNaFp
We have had same experience, we have had amazon direct loans for few years now and all paid of on time and everytime the funding was increased as it should be when all payment are made in time. We had a very small loan with you lend ebay which again was paid of earlier then the timeline, still youlend now think we cannot afford further loans!
If amazon is taking a note, this financer arrangement with youlend is not helping sellers.
Seller_TK2OUpwGNKKsN
We used to get loans direct via Amazon, we've had offers via their new system YouLend but the rates are massively inflated. It's a big difference compared to the old rates.
Honestly wouldn't touch them. You'd have to have large profit margins to make it worthwhile. We used Shopify finance for a Christmas stock boost, the rates weren't great but still a lot better than YouLend or PayPal.
Seller_Ltq0iKiIdyMv3
Seems like we are not the only ones who are getting declined despite very very good Account health and credit.
We had many loans through Amazon and always all paid back ontime with no issues at all. these invitation are coming through every month with increased amount we get offered to apply with Youlend, yet they have not approved any of our applications so we are not bothering with them anymore.
Another big issue i did raise here was our data protection and how Youlend are using it as they ask you to link your current bank statements etc so they have a direct access to your account and how they use it? is a big question.. Something is not right and Amazon need to bring back their own financing back for small businesses.
Seller_ssemBDIznqPSz
[Moderator Edit: removed SPAM commentary]
No Youlend loan as we have a small one through eBay?
We've been invited to apply for a small loan on Amazon, although a small sum, the cash would be handy for more stock, when I apply, it's declined because we have a small loan based solely on our eBay sales. At the time of taking the loan through eBay we were not told it would affect any Amazon Merchant funding.
Surely the mighty Amazon could offer a better package without interference from eBay?
No Youlend loan as we have a small one through eBay?
We've been invited to apply for a small loan on Amazon, although a small sum, the cash would be handy for more stock, when I apply, it's declined because we have a small loan based solely on our eBay sales. At the time of taking the loan through eBay we were not told it would affect any Amazon Merchant funding.
Surely the mighty Amazon could offer a better package without interference from eBay?
No Youlend loan as we have a small one through eBay?
We've been invited to apply for a small loan on Amazon, although a small sum, the cash would be handy for more stock, when I apply, it's declined because we have a small loan based solely on our eBay sales. At the time of taking the loan through eBay we were not told it would affect any Amazon Merchant funding.
Surely the mighty Amazon could offer a better package without interference from eBay?
23 replies
23 replies
Seller_mS10UjVYuuGor
The finance provider is not Amazon (or eBay for that matter) it is Youlend so totally Youlend's decision whether to offer finance or not. An invitation to apply is not a guarantee of any finance being offered. Amazon and eBay offer it as they get a commission from Youlend if someone does secure a loan.
Seller_zwoYg1nbgxxeu
Hey, we have been getting these invitations on Amazon for some time now. Applied 3 times, always been declined.
First time we did have an active loan on eBay, so they told us that was the reason.
Second and third time they said we failed credit check. Not sure why - yes it's not excellent, as we use credit cards and have couple of personal loans - but never missed any payments.
We now again have an invitation and yesterday called Youlend. They shared interesting thing - apparently they make decisions for eBay loans. But for Amazon they don't - Amazon does eligibility checks and if approved Youlend transfers the money.
So eligibility must be different, because we had 6 loans on eBay already and never been declined.
Maybe someone else can share more info - our turnover on Amazon is 4x that of eBay, so amount we could get is much higher.
Seller_w0NuiqSLJxWvi
Not sure why you'd use youlend as the rates are extortionate. Better off going to the bank. Not sure why people use these short term loans for cashflow etc?
Seller_yPeTTl3R9VyQA
We had a £75k loan through Amazon Lending which was paid off in 12 months. The last payment was in December. In January I saw an offer of £17k via You Lend on my seller central dashboard. I applied, and heard nothing for a week, so I called them, and they told me I couldn’t apply because we have a (tiny) £2k loan based on our eBay sales.
So, Amazon withdrew our top up facility without notice in the Spring, and their alternative is completely useless.
Very frustrating!
Seller_tZqYoeKoJNaFp
We have had same experience, we have had amazon direct loans for few years now and all paid of on time and everytime the funding was increased as it should be when all payment are made in time. We had a very small loan with you lend ebay which again was paid of earlier then the timeline, still youlend now think we cannot afford further loans!
If amazon is taking a note, this financer arrangement with youlend is not helping sellers.
Seller_TK2OUpwGNKKsN
We used to get loans direct via Amazon, we've had offers via their new system YouLend but the rates are massively inflated. It's a big difference compared to the old rates.
Honestly wouldn't touch them. You'd have to have large profit margins to make it worthwhile. We used Shopify finance for a Christmas stock boost, the rates weren't great but still a lot better than YouLend or PayPal.
Seller_Ltq0iKiIdyMv3
Seems like we are not the only ones who are getting declined despite very very good Account health and credit.
We had many loans through Amazon and always all paid back ontime with no issues at all. these invitation are coming through every month with increased amount we get offered to apply with Youlend, yet they have not approved any of our applications so we are not bothering with them anymore.
Another big issue i did raise here was our data protection and how Youlend are using it as they ask you to link your current bank statements etc so they have a direct access to your account and how they use it? is a big question.. Something is not right and Amazon need to bring back their own financing back for small businesses.
Seller_ssemBDIznqPSz
[Moderator Edit: removed SPAM commentary]
Seller_mS10UjVYuuGor
The finance provider is not Amazon (or eBay for that matter) it is Youlend so totally Youlend's decision whether to offer finance or not. An invitation to apply is not a guarantee of any finance being offered. Amazon and eBay offer it as they get a commission from Youlend if someone does secure a loan.
Seller_mS10UjVYuuGor
The finance provider is not Amazon (or eBay for that matter) it is Youlend so totally Youlend's decision whether to offer finance or not. An invitation to apply is not a guarantee of any finance being offered. Amazon and eBay offer it as they get a commission from Youlend if someone does secure a loan.
Seller_zwoYg1nbgxxeu
Hey, we have been getting these invitations on Amazon for some time now. Applied 3 times, always been declined.
First time we did have an active loan on eBay, so they told us that was the reason.
Second and third time they said we failed credit check. Not sure why - yes it's not excellent, as we use credit cards and have couple of personal loans - but never missed any payments.
We now again have an invitation and yesterday called Youlend. They shared interesting thing - apparently they make decisions for eBay loans. But for Amazon they don't - Amazon does eligibility checks and if approved Youlend transfers the money.
So eligibility must be different, because we had 6 loans on eBay already and never been declined.
Maybe someone else can share more info - our turnover on Amazon is 4x that of eBay, so amount we could get is much higher.
Seller_zwoYg1nbgxxeu
Hey, we have been getting these invitations on Amazon for some time now. Applied 3 times, always been declined.
First time we did have an active loan on eBay, so they told us that was the reason.
Second and third time they said we failed credit check. Not sure why - yes it's not excellent, as we use credit cards and have couple of personal loans - but never missed any payments.
We now again have an invitation and yesterday called Youlend. They shared interesting thing - apparently they make decisions for eBay loans. But for Amazon they don't - Amazon does eligibility checks and if approved Youlend transfers the money.
So eligibility must be different, because we had 6 loans on eBay already and never been declined.
Maybe someone else can share more info - our turnover on Amazon is 4x that of eBay, so amount we could get is much higher.
Seller_w0NuiqSLJxWvi
Not sure why you'd use youlend as the rates are extortionate. Better off going to the bank. Not sure why people use these short term loans for cashflow etc?
Seller_w0NuiqSLJxWvi
Not sure why you'd use youlend as the rates are extortionate. Better off going to the bank. Not sure why people use these short term loans for cashflow etc?
Seller_yPeTTl3R9VyQA
We had a £75k loan through Amazon Lending which was paid off in 12 months. The last payment was in December. In January I saw an offer of £17k via You Lend on my seller central dashboard. I applied, and heard nothing for a week, so I called them, and they told me I couldn’t apply because we have a (tiny) £2k loan based on our eBay sales.
So, Amazon withdrew our top up facility without notice in the Spring, and their alternative is completely useless.
Very frustrating!
Seller_yPeTTl3R9VyQA
We had a £75k loan through Amazon Lending which was paid off in 12 months. The last payment was in December. In January I saw an offer of £17k via You Lend on my seller central dashboard. I applied, and heard nothing for a week, so I called them, and they told me I couldn’t apply because we have a (tiny) £2k loan based on our eBay sales.
So, Amazon withdrew our top up facility without notice in the Spring, and their alternative is completely useless.
Very frustrating!
Seller_tZqYoeKoJNaFp
We have had same experience, we have had amazon direct loans for few years now and all paid of on time and everytime the funding was increased as it should be when all payment are made in time. We had a very small loan with you lend ebay which again was paid of earlier then the timeline, still youlend now think we cannot afford further loans!
If amazon is taking a note, this financer arrangement with youlend is not helping sellers.
Seller_tZqYoeKoJNaFp
We have had same experience, we have had amazon direct loans for few years now and all paid of on time and everytime the funding was increased as it should be when all payment are made in time. We had a very small loan with you lend ebay which again was paid of earlier then the timeline, still youlend now think we cannot afford further loans!
If amazon is taking a note, this financer arrangement with youlend is not helping sellers.
Seller_TK2OUpwGNKKsN
We used to get loans direct via Amazon, we've had offers via their new system YouLend but the rates are massively inflated. It's a big difference compared to the old rates.
Honestly wouldn't touch them. You'd have to have large profit margins to make it worthwhile. We used Shopify finance for a Christmas stock boost, the rates weren't great but still a lot better than YouLend or PayPal.
Seller_TK2OUpwGNKKsN
We used to get loans direct via Amazon, we've had offers via their new system YouLend but the rates are massively inflated. It's a big difference compared to the old rates.
Honestly wouldn't touch them. You'd have to have large profit margins to make it worthwhile. We used Shopify finance for a Christmas stock boost, the rates weren't great but still a lot better than YouLend or PayPal.
Seller_Ltq0iKiIdyMv3
Seems like we are not the only ones who are getting declined despite very very good Account health and credit.
We had many loans through Amazon and always all paid back ontime with no issues at all. these invitation are coming through every month with increased amount we get offered to apply with Youlend, yet they have not approved any of our applications so we are not bothering with them anymore.
Another big issue i did raise here was our data protection and how Youlend are using it as they ask you to link your current bank statements etc so they have a direct access to your account and how they use it? is a big question.. Something is not right and Amazon need to bring back their own financing back for small businesses.
Seller_Ltq0iKiIdyMv3
Seems like we are not the only ones who are getting declined despite very very good Account health and credit.
We had many loans through Amazon and always all paid back ontime with no issues at all. these invitation are coming through every month with increased amount we get offered to apply with Youlend, yet they have not approved any of our applications so we are not bothering with them anymore.
Another big issue i did raise here was our data protection and how Youlend are using it as they ask you to link your current bank statements etc so they have a direct access to your account and how they use it? is a big question.. Something is not right and Amazon need to bring back their own financing back for small businesses.
Seller_ssemBDIznqPSz
[Moderator Edit: removed SPAM commentary]
Seller_ssemBDIznqPSz
[Moderator Edit: removed SPAM commentary]
