Wayfair Introduces Partnership With Capital One to Provide Credit Solutions to Wayfair Professional Customers
March 03 2022 - 7:30AM
Business Wire
Capital One Trade Credit to Provide B2B Credit
Management Platform for Wayfair Professional Businesses of All
Sizes
Wayfair (NYSE:W), one of the world’s largest destinations for
the home, announced that its business program, Wayfair
Professional, has entered into a strategic partnership Capital One
(NYSE: COF) to offer a robust credit program for its Wayfair
Professional members (Pros). With Capital One Trade Credit, Wayfair
will offer a Wayfair Professional Credit Card with rewards and a
Wayfair Professional Flex Account with extended payment terms for
Wayfair Professional shoppers. The program will allow Pros to
access increased purchasing power and improved payment flexibility
as well as online account management tools, and is expected to be
available to customers later this year.
“We’re very excited to have partnered with Capital One Trade
Credit to begin offering a Wayfair Professional Credit Card and a
Wayfair Professional Flex Account, which we expect to roll out
later this year,” said Margaret Lawrence, Vice President for
Wayfair Professional. “Pros will be able to apply with their
business credentials to build business credit, and we have built
out a suite of business-specific features to help Pros take what
used to be a complex process and consolidate it into a single
partnership with Wayfair.”
“Wayfair’s standing as an ecommerce leader combined with their
strategic focus on growing their business customer segment makes
them an ideal partner for Capital One,” said Shawn Cunningham, Vice
President for Capital One Trade Credit. “We’re excited to provide
new credit options for Wayfair’s business customers, allowing them
to obtain more spending power, have the ability to spend in ways
that work for them and utilize a product suite that meets their
business needs.”
Capital One Trade Credit provides customizable, B2B credit
management solutions that enable partners to grow sales and delight
customers with a tech-enabled purchase-to-payment experience. Over
1000 merchants across the U.S., both large and small, rely on
Capital One Trade Credit’s ability to leverage customer-centered
technology, premier products and services, and industry leading
credit expertise.
About Wayfair
Professional
Wayfair Professional believes in helping businesses make good
spaces great. Delivering optimum value and convenience through
personalized tools and services, the Wayfair Professional program
provides business customers a broad range of membership privileges
to help build the perfect spaces – no matter the size or industry.
The program offers members an expansive selection of products and
exclusive savings across thousands of top brands as well as
customizable shipping, easy invoicing, dedicated service, and
more.
To enjoy this specialized business shopping experience across
Wayfair’s family of retail brands, including AllModern, Birch Lane,
Joss & Main, and Perigold, visit wayfairprofessional.com.
About Wayfair
Wayfair is the destination for all things home: helping
everyone, anywhere create their feeling of home. From expert
customer service, to the development of tools that make the
shopping process easier, to carrying one of the widest and deepest
selections of items for every space, style, and budget, Wayfair
gives everyone the power to create spaces that are just right for
them.
The Wayfair family of sites includes:
- Wayfair: Everything home – for a space that’s all you.
- Joss & Main: The ultimate style edit for home.
- AllModern: All of modern, made simple.
- Birch Lane: A fresh take on the classics.
- Perigold: An undiscovered world of luxury design.
- Wayfair Professional: Just right for Pros.
Wayfair generated $13.7 billion in net revenue for full year
2021. Headquartered in Boston, Massachusetts with operations
throughout North America and Europe, Wayfair employs more than
16,000 people.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a
financial holding company whose subsidiaries, which include Capital
One, N.A., and Capital One Bank (USA), N.A., had $311.0 billion in
deposits and $432.4 billion in total assets as of December 31,
2021. Headquartered in McLean, Virginia, Capital One offers a broad
spectrum of financial products and services to consumers, small
businesses and commercial clients through a variety of channels.
Capital One, N.A. has branches located primarily in New York,
Louisiana, Texas, Maryland, Virginia, New Jersey and the District
of Columbia. A Fortune 500 company, Capital One trades on the New
York Stock Exchange under the symbol "COF" and is included in the
S&P 100 index.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220302006177/en/
Mitch Rubenstein Capital One
Mitchell.Rubenstein@capitalone.com
Brandon Hart Wayfair PR pr@wayfair.com
Landry Ngambia Wayfair Investor Relations ir@wayfair.com
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