wayfair partnership with capital one

Wayfair Ensures Partnership with Capital One on Credit Offerings

March 8, 2022

Wayfair is regarded as one of the largest online destinations for home goods. Recently, it made the announcement about its business program – known as Wayfair Professional. With this program, Wayfair has entered into a strategic partnership with Capital One. The partnership is aimed at offering a reliable credit program to the professionals using Wayfair. 

The Wayfair Professional Credit Card offers members attractive options such as a Wayfair Professional Flex Account and Wayfair Rewards. The flex account by Wayfair Professional offers access to flexible payment terms for buyers. The program will enable professionals to access exclusive online account management tools. In addition, professionals also benefit from improved purchasing power along with advanced payment flexibility. The features of the program are expected to be made fully available to customers by the end of the year.

Margaret Lawrence, Vice President at Wayfair Professional, revealed that the company is quite excited to extend its partnership with Capital One Trade Credit for offering the Wayfair Professional Credit Card along with the Wayfair Professional Flex Account. The company aims at launching the flex account at a later point this year. 

The company has also come up with a dedicated suite of business-centric features to help professionals in managing what is deemed to be a complex process. These features can help the professionals in managing complicated tasks with the help of a single partnership. 

Partnership of Wayfair and Capital One

Sean Cunningham, Vice President at Capital One Trade Credit, explains that the position of Wayfair as the e-commerce leader in combination with the company’s strategic emphasis on growing the business customer segment make the company an ideal partner for Capital One. Capital One is excited to offer access to new and lucrative credit options for business customers of Wayfair. It will allow them to ensure improved spending power along with the ability to spend in different ways that best meet their needs. It will also enable the customers to make use of the existing product suite. 

Capital One Trade Credit is capable of delivering access to personalized B2B credit-related management solutions. These solutions allow partners to drive maximum sales while impressing the end customers with the help of technology-supported experience of buy-to-pay. Over 1000 merchants across the United States, both small-scale and large-scale, depend on the ability of Capital One Trade Credit. They are able to make use of customer-centric technology, industry-leading credit expertise, and innovative products and services. 

About Wayfair Professional

Wayfair Professional is dedicated to helping individuals and businesses come together for all things home. The company is committed to deliver maximum value as well as convenience with the help of personalized services and tools. The dedicated Wayfair Professional Program offers a broader scope of membership privileges. These help business customers in the creation of the perfect home solution – irrespective of the industry or size of the business. 

The program is helpful in offering its members a comprehensive assortment of products as well as services from many top brands. It also offers access to unique services like dedicated services, easy invoicing, customizable shipping, and much more. 

About Wayfair

Wayfair is regarded as the destination for all items related to home. Through its impressive range of items, the company aims at helping everyone all around the world create impressive homes. The company is known to feature one of the most comprehensive selections of home-based items for every style, space, and budget. You can expect excellent customer service along with the rapid development of tools for simplifying the overall shopping process. Wayfair is dedicated to empowering everyone in creating spaces that serve perfectly right.

The impressive suite of websites of Wayfair are:

  • Perigold – delivering an unseen and unexplored world of luxury design
  • Birch Lane -offering a new look at the classics
  • Joss & main – Delivering the ultimate style for the entire home
  • Wayfair – everything related to a home
  • Wayfair Professional -best solution for professionals
  • AllModern – Everything modern and simple

Wayfair has been successful in generating over $13.7 billion in net revenues for 2021. With its operations across Europe and North America, and its headquarters in Boston, Massachusetts, Wayfair has over 16,000 employees.

About Capital One

Capital One Financial Corporation is a leading financial services organization. The subsidiaries of the company, including Capital One Bank and Capital One NA, have been reported to have around $311.0 billion in the total deposits along with $432.4 billion in total assets. With its headquarters in McLean, Virginia, the company is renowned for offering a wide spectrum of leading financial products as well as services to its consumers. It also extends its products and services to business-centric clients and commercial clients through multiple channels. 

Branches of the company are primarily situated in New York, Maryland, Texas, the District of Columbia, New Jersey, Virginia, and Louisiana. Capital One is a leading Fortune 500 company.

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