eCommerce Bank Solutions for Online Businesses
Running an eCommerce business inherently positions you on a global stage: you might produce a product in Asia and pay in Yuan, sell on major marketplaces like Amazon in the USA and receive payments in USD, and then transfer your earnings in Euros to Germany, where you reside. To make all of this possible you need optimized digital banking solutions that offer your eCommerce business benefits to help you grow and scale your online store.
As the leading eCommerce business marketplaces in the United States, Amazon and Shopify support a diverse array of selling strategies, each with its unique cash flow cycles. To effectively manage these cycles, it’s essential that eCommerce sellers have a business bank account that not only recognizes, but also adapts to, the distinct needs of various strategies on these platforms, when allocating capital.
Viably stands out as the best bank for eCommerce businesses, by offering a robust business bank account to customers, fully equipped with a comprehensive financial management platform. Viably’s business accounts are designed to streamline your eCommerce bank experience, ensure flexibility on a global scale, and minimize unnecessary transaction fees. This platform facilitates seamless transaction management, including cross-border payments for inventory purchases and receiving payouts from global marketplaces in multiple currencies. Additionally, it enables you to send money effortlessly to partners, vendors, and suppliers around the world for your online store.
Moreover, Viably enhances your cash flow management through advanced online banking features. These include detailed cash flow visualizations and automated back-office functionalities, such as expense management, debit card and credit card controls, and categorization by vendor or type—all automatically integrated with QuickBooks and tailored exclusively for eCommerce. With innovative revenue-based funding options available in-app, optimizing your financial operations and driving growth for your eCommerce business, online banking has never been easier.
Does your current banking solution integrate with your eCommerce platforms and financial tools?
Unlike traditional banks, modern digital banking solutions (especially those tailored for eCommerce businesses) often emphasize integration capabilities as a key feature. This is because effective integration improves the customer experience with streamlined sales tracking, inventory management, payment processing, and financial reporting. When your eCommerce business bank account and financial services sync with multiple eCommerce platforms like Amazon, Shopify, or eBay, you gain several advantages:
Compatibility and Integration for eCommerce Banks
While many eCommerce banks claim to offer integrated solutions to business accounts, the degree and effectiveness of integration can vary significantly. It is crucial to examine not just whether your business account provides integration, but how well it aligns with the specific tools and software you use. For instance, some banks might offer direct plugins or APIs for major eCommerce platforms, while others might rely on third-party services like Zapier, Plaid, and others to bridge the gap.
The implementation of these integrations has a significant effect on their usefulness. Seamless integration of eCommerce marketplaces with eCommerce bank solutions require not only technical compatibility but also ease of setup and maintenance. It’s important to consider:
Ease of Integration
How simple is it to link your online bank with your eCommerce marketplace? Can it be done by you, or does it require external expertise or a developer?
Customization Options
Does the integration allow for customization based on any specific selling strategy you might utilize for your online store and its financial management needs?
Support and Troubleshooting
: Does the business banking solution provide adequate support for integration issues? What does their customer experience look like? This can be critical during the setup phase or when upgrading systems.
Future-Proofing Your eCommerce Bank
As your business grows, your needs will evolve, and so will the technologies you use. Viably is flexible and scalable, capable of integrating with a wide range of evolving financial tools and platforms, and will serve as the best eCommerce bank for your business long term. As a reliable digital banking partner, Viably is committed to innovative new technologies and actively enhances integration capabilities in anticipation of future eCommerce trends, in addition to maintaining outstanding customer service and 24/7 availability.
What features of your bank are most beneficial for managing international transactions and currency exchanges?
eCommerce businesses, particularly those operating across multiple channels and international borders, face complex financial challenges. To manage these effectively, they require specialized eCommerce bank solutions that cater to their unique needs.
Consider the following features of eCommerce bank solutions that are crucial for managing growing omni-channel and international sales:
In the fast-paced world of eCommerce, the ability to manage finances on-the-go is essential. Mobile banking allows eCommerce business owners to oversee their financial operations from anywhere, at any time. This includes checking balances, transferring funds, turning debit cards on and off, approving transactions, and receiving real-time notifications about financial activity. Mobile banking ensures that eCommerce business owners can make timely decisions–a necessity in the dynamic environment of eCommerce.
For eCommerce businesses that operate internationally, dealing in multiple currencies is a daily reality. A multi-currency account allows businesses to hold, manage, and transact in various currencies without needing to convert funds back to their base currency immediately. This feature reduces exchange rate risks and transaction costs, which are crucial for protecting profit margins in international sales.
eCommerce businesses need to send and receive money across borders with ease and minimal costs. Features such as streamlined cross-border payments, reduced transfer fees, and faster clearing times are vital. Global money movement capabilities ensure that businesses can pay suppliers and receive payments from customers around the world efficiently, which is essential for maintaining smooth operations and supplier relationships.
Speed is crucial in eCommerce. No one wants to wait 3-5 days and hope a payment clears with their supplier. Faster payment systems allow for real-time or near-real-time transactions, enabling businesses to improve their cash flow management. This is especially important for managing inventory and ensuring sufficient funds are available for quick-turnaround activities, like flash sales or marketing campaigns.
Debit cards linked to a business checking account provide an immediate access point to funds, which can be crucial for day-to-day operations. For eCommerce businesses, debit cards can be used for purchasing inventory, paying for ad-hoc services, or even handling small operational expenses. Moreover, having a debit card provides an added layer of financial security and easier expense tracking without sharing any personal information for your business account.
Effective cash flow management is critical for eCommerce businesses, which often experience fluctuating sales volumes and seasonality. Banking services that offer integrated cash flow tracking and management tools can provide insights into financial trends, forecast future cash needs, and highlight potential shortfalls before they become problematic. These tools can also help in making informed decisions about when to invest in growth opportunities.
A robust business checking account is the foundation of effective business banking. For eCommerce, this means a business checking account with high transaction limits, low fees, comprehensive fraud protection, and perhaps most importantly, scalability. As the business grows, the business checking account should be flexible enough to adapt to increased activity without friction.
The best business banking partners are looking out for you and your wallet in every way. For eCommerce businesses, this means reinvesting money back into growing your online store. To help do that, Viably offers up to 2% cash back on all purchases made with a Viably debit card, ensuring that the everyday purchases you make to keep your online store running, have that much more reward.
Operational Ease and Omni-Channel Efficiency
For eCommerce businesses, especially those with omni-channel and international operations, the complexity of managing multiple sales channels and navigating cross-border transactions requires advanced banking solutions. These features not only simplify day-to-day financial management but also provide strategic benefits that can drive business growth.
Mobile banking, multi-currency capabilities, efficient global money movement, and faster payments streamline operations and enhance flexibility. Debit cards and efficient cash deposit methods address immediate financial access and management needs. Meanwhile, sophisticated cash flow tracking and robust checking account features underpin the broader financial health and scalability of the business.
Viably offers dynamic and multifaceted banking solutions and a suite of features that cater to the unique challenges of a digital and global marketplace. Choosing Viably means you have a banking partner that understands and meets eCommerce-specific needs ensuring you can see the difference between thriving and merely surviving in the competitive world of online sales.
Banking for Scaling Your Business: Access to Working Capital and Growth Financing
Viably offers strong support and a wide range of resources specifically designed to help eCommerce businesses scale effectively. Among the many features offered by Viably’s banking services, flexible eCommerce funding stands out as unique when compared with other online banking solutions. Viably provides a targeted approach to funding and financial solutions that cater to the unique needs of eCommerce enterprises with personalized offers and support. Viably understands the challenges faced by online businesses, particularly in managing cash flow, moving money efficiently, and securing necessary capital for growth.
That’s why Viably’s funding options are tailored to support the dynamic nature of eCommerce, offering flexible access to working capital that can adapt to seasonal fluctuations and varying business cycles typical in online retail. This flexibility ensures that businesses can invest in inventory ahead of peak seasons, expand their marketing efforts, or even explore new market opportunities without the usual financial strain.
Regular Opportunities for funding right in your bank account
And, with continuously updated, real-time financial data available, provided through your eCommerce business bank account, Viably can continuously check for funding eligibility. This means that you will periodically receive updated funding offers from Viably, without a second application. These offers are based on your most recent sales history and personalized to suit the challenges of your eCommerce business.
Once an offer is available you can accept it easily from your Viably funding dashboard, located within your business bank account. And, with Viably’s all-in-one functionality you don’t have to wait to receive your new working capital in your Viably business checking account. See cash in your business checking account in as little as 24 hours, and benefit from automatic repayment straight from your account.
With a simple application process for funding, Viably makes working capital less cumbersome and more accessible than traditional banking routes. This process is crucial for eCommerce businesses that need to move quickly to take advantage of emerging trends or respond to competitive pressures.
Overall, Viably’s commitment to understanding and addressing the specific needs of eCommerce businesses makes it a valuable partner for those looking to scale their operations and achieve long-term success. With Viably, eCommerce businesses have a predictive banking solution that not only provides financial resources but also supports their growth journey with appropriate tools and insights.
How Online Sellers can get funded
Apply
Tell us about your eCommerce business.
To start your Viably funding application, simply tell us a little bit about your eCommerce business.
Connect
Securely connect your marketplace & bank.
Bank accounts, QuickBooks, and anywhere else your data lives, you can connect in minutes.
Get Funded
Receive customer funding offers.
You can choose the offer that meets your needs, and grow your business with our free cash flow insights and projections.
