OnBuy’s long-standing collaboration with PayPal has been significantly improved with a two-year deal, while also upgrading to its latest PayPal Commerce Platform. The PayPal Commerce Platform upgrade will provide a streamlined payment process for customers, powered by a new streamlined checkout process. This will mean fast, simple payments for customers with both PayPal accounts and debit/credit cards.
The newly-inked deal marks a huge milestone towards international growth which could mean access for millions of new merchants and customers, and in turn help its existing retailers to grow with the fast-scaling marketplace. The improved platform will provide access to more payment solutions, credit solutions as well as other major products within the PayPal portfolio.
Global support will be on hand with localised payment options, meaning a streamlined user experience for merchants and customers alike. Prepared to support a number of countries in the imminent growth phase, OnBuy is poised for a multi-currency, multi-language and multi-country expansion.
The announcement follows other significant improvements to OnBuy, with recent developments to their search function alone resulting in more than £5.5M in sales for its retailers.
“Brands and retailers alike are in safe hands with OnBuy. We are a partner to retailers and are proud to be a platform built on fairness and transparency. We will never be a retailer of product or compete with our vendors, and we mean that.
I was told on day one that creating OnBuy would be ‘impossible’, I was told I was crazy to take on the ‘big players’. But it’s clearer now than ever that OnBuy is changing the way marketplaces work for retailers. We know that if we can deliver what’s needed for retailers to thrive, we can in turn deliver the best in choice for our customers.
The journey building our brand has been incredible so far, but we’re really just at the beginning. Our focus now is to finesse our platform, improve our product and pave the way for international growth.
Our renewed collaboration with PayPal will help us commit to our promise to retailers by facilitating growth through simple, efficient and safe payment solutions.”
– Cas Paton, Founder and CEO, OnBuy