What we offer
Get paid faster for your Back Market sales. Yes, it’s that simple.
Cashflow for ecommerce
Sometimes you don’t need a loan, you just need to get paid faster. That’s why Back Market has partnered with Storfund to offer BackFunds.
With BackFunds, Back Market sellers get paid as soon as they ship. Because faster payouts = faster growth.
How BackFunds works
Step 1
Sell as usual on Back Market and ship your goods.
Step 2
Each day we advance you up to 80% of your net, shipped sales.
(Net sales = Gross sales minus Back Market fees and refunds)
Step 3
When Back Market pays out you receive the remaining 20%, minus our fee.
We charge a low fixed % of your net sales. No subscription, no set-up fee.
Video
Pay one low, fixed fee
We offer straightforward transparent pricing, with no hidden costs.
Our flat fee starts at 0.1% on your total net sales funded.
Watch our video to see how the BackFunds fee works.
Why use BackFunds?
01
Fair fees
We charge our fee on your net sales, not gross, because why pay for money you’ll never see?
02
Reliable
99.9% of payments arrive on time.
03
Made for growth
We keep pace with your growth. There’s no limit to how much you can receive.
04
FX
We pass on our wholesale foreign exchange rate.
05
No fixed term
You can cancel the service at any time.
06
Global
We help sellers grow internationally through our global network of marketplace partners.
How would getting paid immediately change your business?
The short term benefits of faster payments are easy to understand: if you get paid as soon as you sell, you can restock immediately. But what about the longer term, how will Storfund help your business grow?
The answer is cash cycles. A cash cycle is the number of days it takes to recover cash spent on inventory. The quicker the cycle, the more sales and profit you can make over a year. Watch our video.
Seller case studyFAQs for Back Market sellers
Who is Storfund?
Storfund is a global fintech providing financing to marketplace sellers. It was founded in London 2018 by long-time friends George Brintalos and Akbar Ahsan. Read more about our story.
What is BackFunds?
With BackFunds, Back Market sellers get paid as soon as their sales have shipped.
How do I know if my business is eligible?
Our service has been designed to meet the needs of high-growth marketplace sellers. To ensure it is suited to your business, we apply the following eligibility criteria.
- Your monthly turnover must be at least £25,000, €30,000 or $35,000.
- Your business must be a registered company, a limited liability partnership or similar incorporated entity.
- Your business established for at least 12 months, and must have been active on your marketplace for at least six months.
- Your account health must be in “good standing.”
- Your business must be registered in Canada, EEA, UK or US, and under certain circumstances, China, Hong Kong or Australia.
Jorge and Manuel
Amazon Renewed and Back Market sellers, €3M annual turnover“We used to buy products only every 10 days. Now we look for the opportunity to buy daily batches from suppliers.”
Get BackFunds
If you’d like to speak to us about using BackFunds, you can request a callback, email our Sales Manager Daniel Hermoso, or simply book a meeting at a time that suits you.
Alternatively, if you are ready to apply, you can start your application here.
Apply now