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 Kozi Checks & Balances TaxTactics News 
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August 17.2025
2 Minutes Read

How eBay's Open Banking Integration Benefits Small Business Financing

Blue circle 'Small Business Trends' logo design.

eBay's Commitment to Small Businesses

In a significant step to support small business owners, eBay has integrated Open Banking into its Seller Capital program. This innovation is part of eBay’s strategy to streamline access to financing, especially important in light of a recent survey by Goldman Sachs that indicated 77% of small businesses are worried about their ability to access capital.

Understanding Open Banking and Its Benefits

Utilizing Open Banking technology, eBay allows sellers to securely share their financial information, such as cash flow and bank balances from external accounts. This not only gives eBay’s lending partners a holistic overview of a seller’s financial health but also facilitates quicker, more informed lending decisions. Avritti Khandurie Mittal, eBay's vice president of product for services, emphasized that this system makes the application process faster and less cumbersome, ultimately benefiting small businesses seeking capital.

Transforming Financing Approvals for Sellers

The integration of Open Banking is poised to improve financing terms significantly for eBay sellers. Increased approval rates combined with potentially larger, more competitively priced loan offers make this program attractive for many small business owners. Moreover, sellers who previously faced challenges in securing financing may find new opportunities, as this program aims to increase accessibility for all sellers.

Potential Risks of Sharing Financial Data

However, there are challenges to consider. The requirement to share sensitive financial information raises concerns about data privacy and security. Businesses must be vigilant about safeguarding their financial details within this new system. The current rollout is also limited to eligible sellers in the UK and Germany, with a plan to expand into the U.S. market by Fall 2025. This delay may hinder U.S. sellers eager to benefit from these enhancements immediately.

The Current Impact and Future Outlook

Despite these challenges, eBay's Seller Capital program has already made remarkable strides, offering over $100 million in working capital to more than 10,000 sellers this year alone. This financial support reinforces eBay's ongoing commitment to fostering growth within the small business community. As the platform continues to evolve, business owners are encouraged to stay informed about their eligibility for these financing opportunities and prepare for the forthcoming features.

Conclusion: A New Era for eBay Sellers

eBay’s embrace of Open Banking within its Seller Capital program represents a transformative shift in how small business owners can approach financing. While the integration promises enhanced access to capital, vigilant understanding and consideration of potential risks are essential for all sellers. By staying proactive and informed, small business owners can harness the benefits of this innovative financing approach to fuel their growth and success.

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10.03.2025

The Essential Role of Preboarding in Employee Retention Strategies

Update The Importance of Preboarding in Employee Retention In today’s highly competitive job market, preboarding has emerged as a crucial phase in the employee onboarding process. Defined as the time between accepting a job offer and the actual start date, preboarding is not merely a formality; it represents an opportunity for organizations to engage new hires and foster a sense of belonging right from the outset. As research indicates, an effective preboarding strategy can enhance retention rates by up to 82%, a significant consideration given that about 20% of new employees quit their jobs within the first 45 days. This staggering statistic emphasizes the pressing need for companies to refine their preboarding processes to improve initial employee experiences and reduce turnover costs. Creating a Welcoming Environment Employee experience begins before the first day of work. Waiting in silence during the preboarding phase can breed distrust and unease. Instead, organizations can proactively communicate to alleviate anxiety. This could involve sending a welcome email that includes the first-day agenda, information on dress codes, and workplace logistics such as parking details. A well-crafted first-day email lays down clear expectations and can ease a new hire’s worries. Moreover, taking the initiative to send a welcome package containing company swag or a personalized note can create excitement and make an employee feel valued before they even step into the office. These thoughtful gestures signal to the new hire that they are a coveted addition to the team. Engaging Communication Strategies Continuous communication is a key element in effective preboarding. Organizations should actively engage with new hires during this transition, providing them with relevant materials, such as a company handbook and upcoming event invitations. Doing so helps cultivate a sense of belonging and encourages emotional connections with their future colleagues. In a time when hybrid and remote work models have become increasingly common, the importance of this engagement becomes even more pronounced. Companies need to ensure that remote hires do not feel isolated. Activities such as inviting them to virtual team-building events or informal coffee chats can help bridge this gap, empowering new hires to establish professional relationships before their first day. The Role of Structure in Preboarding Instituting a structured preboarding process is indispensable. A robust program should foster relationships while maintaining clarity regarding roles and expectations. Introducing a buddy system can assist new hires in navigating the complexities of company culture, providing them a reliable resource to address questions and concerns. Furthermore, using mobile-based platforms for microlearning can offer new hires the flexibility to access training materials at their convenience. This not only supports their learning journey but also aligns them with company values even before their start date. Leveraging Preboarding for Long-term Success Ultimately, the value of preboarding extends beyond just the initial phase of employment. By enhancing the early experience of new employees, companies can significantly influence retention rates and foster an environment conducive to productivity. An effective preboarding strategy effectively sets the stage for a successful onboarding process, addressing both logistical and emotional needs during this transitional period. Employers who recognize the holistic importance of preboarding are likely to see not only improved retention but also enhanced employee performance as new hires feel empowered and engaged from day one.

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