UK marketplace OnBuy is making moves to improve the payments experience for both buyers and sellers in 2023, introducing Klarna Buy Now Pay Later and new ways for sellers to get paid.
We’re excited to announce that we’ve teamed up with Klarna, bringing our customers even more choice and convenience at the checkout!
Our recent consumer survey revealed that 1 in 5 people choose to shop with a retailer because they offer their preferred payment method. Partnering with Klarna is a response to the growing demand for a wider range of payment options, allowing us to offer the flexibility shoppers want across over 35 million products on our site.
With Klarna, customers now have the choice to pay in full immediately (Pay Now), spread the cost over three equal payments (Pay in 3), or pay up to 30 days later, without any interest or fees* (Pay in 30 Days).
Having been recently ranked as Europe's fastest-growing eCommerce company by the Financial Times, we’re excited to announce that we’re opening our doors to more potential sellers by introducing WorldFirst, Payoneer, and direct payments into UK bank accounts for the first time since launching in 2016.
To enhance the selling experience on OnBuy, we’ve cut out the middleman and now pay our sellers directly. This means no third-party costs, high international fees, or complex policies; just simple, direct payments to your UK bank account, WorldFirst or Payoneer account. That’s on top of easy access to the help and support you need, from our friendly, UK-based team.
But the good news doesn’t stop there! You no longer need a PayPal business account to join us, making onboarding quicker and easier than ever before - you could be set up and selling in as little as 48-72 hours!
This move comes at a pivotal time for us at OnBuy, and is all part of continuing our promise to provide a simple, fair platform that puts you first and never competes against you for sales. This is something we’ve always stood for, and that will never change.
CEO Cas Patton has said he has big plans to make 2023 the year that OnBuy enters "Mature Marketplace territory" and improvements in payments are just the beginning.
Do you buy or sell on OnBuy? I'd love to hear about your experiences with this growing marketplace - let us know us know in the comments below!