TJ Hyland is the Head of e-Commerce Partnerships in the US at Payoneer, a digital payment platform that empowers businesses around the world to grow globally. His primary focus is building Payoneer's US partner ecosystem and supporting its ever-growing niche in the online seller market. He is responsible for everything from helping sellers complete cross-border transactions to assisting them with the capital they need to grow their businesses.
As an e-commerce specialist and foreign exchange consultant, TJ has a unique insight into selling on international marketplaces. After working with online sellers for the past six years, he knows the struggles they face on a daily basis—and how to solve them.
Many online sellers source their inventory from international markets like China, meaning that they often require a large amount of working capital. Therefore, for these sellers, having extra cash flow is crucial for keeping their inventory in stock and their businesses afloat.
However, many sellers face great challenges when it comes to funding or possessing additional working capital. This is largely due to the fact that most commercial banks are weary of giving loans to such businesses—despite the exponential growth of the e-commerce industry. So what alternative funding solutions are available for online sellers?
TJ Hyland, the Head of e-Commerce Partnerships in the US at Payoneer, joins Michael Fleming and Ellie Moffat in this week's episode of Sales Tax and More to talk about the various working capital solutions available for online sellers. Tune in as TJ shares how extra cash flow impacts the inventory cycle, the common sources of funding for online sellers, and how Payoneer's Capital Advance solution helps businesses grow globally.
