Britain’s answer to Amazon, OnBuy.com, the fast-growing online retail marketplace, is celebrating a dramatic rise in sales and a new partnership with payment gateway, PayPal.
OnBuy.com reports year-to-date transactions up 608 per cent on 2017 and that its website visits continue to grow exponentially, with the company reporting that from October 16 to October 22 2017, to the same period in 2018, figures are up 1178 per cent, based on comparable users.
Earlier this month, OnBuy.com announced its pioneering partnership with global online payment specialists, PayPal, which it reports has fuelled the exponential growth and resulted in increased sales, as well as newly-listed products. The move to PayPal means that OnBuy.com’s buyers and sellers benefit from a robust level of security and protection.
Cas Paton, entrepreneur and founder of OnBuy.com, said: “Our partnership with PayPal, as well as HotUKDeals, has not only improved the transaction process for our sellers, but it’s aided the exponential growth we’ve seen in the last month. We are the first UK product marketplace to be able to offer PayPal directly supported between PayPal and the seller, since eBay, which we have no doubt will help us continue to grow and hit next year’s targets, and more.”
There are more than 230 million PayPal users around the world, so offering this as its payment gateway will further improve customer confidence. Cas added: “We’re really looking forward to seeing how this further improves the experience for our sellers as more users will be confident in the site thanks to PayPal’s existing credibility.”
Customers of the online marketplace will benefit from the new partnership as they will have access to PayPal’s Buyer Protection scheme on eligible purchases, offering assistance from the platform’s expert dispute resolution team.
Cas explained: “We are completely separate from any PayPal transactions made – and by that we mean that we are simply the facilitator of transactions, we never hold the sellers’ money. After the item is dispatched, subject to any security checks by PayPal, PayPal pay the merchant directly and they’ll get their money immediately.”
OnBuy.com’s sellers are covered by the PayPal Seller Protection scheme for eligible purchases. More than 20 million merchants across the world use the gateway service as it offers an effortless solution. Every transaction made is encrypted and monitored to prevent fraud, email phishing and identity theft.
The PayPal announcement comes as part of a massive year of growth and development for the online retailer. OnBuy.com has ambitious plans to branch out to the rest of Europe in 2019 and to support this expansion, the company has doubled its staff, with an aim of having 12 million products listed online by the end of the year (currently there are more than 8 million listed).
OnBuy.com is soon to be featured on the Department for International Trade website, alongside competitor platforms. This achievement is the result of overseas sales, overall growth and its plans to branch out to the rest of Europe.
OnBuy.com was established in 2016 and has recently moved offices in Poole, Dorset, to accommodate for its growing team. Visit www.onbuy.com/gb for further information about OnBuy.com.
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