OnBuy selects Nuvei for marketplace payments

OnBuy selects Nuvei for marketplace payments

Nuvei has been selected by UK marketplace OnBuy as its payment partner to help the business execute on its growth initiatives in and beyond the UK.

OnBuy is investing in new, innovation-led partnerships using latest technologies to support the marketplace’s disruptive eCommerce model as it expands. The payment technology partnership with Nuvei is a key part of its growth strategy to cement its name as a trusted marketplace powerhouse in the UK.

This is a critical step for the marketplace who have relied on PayPal to power all payments to date. A fully integrated internationally capable robust payments platform is a must and Nuvei offers 580 alternative payment methods provides with on-demand payment technology support. Card processing and acquiring are also part of a mix of payment technology services provided to OnBuy by Nuvei.

It will also give the ability to accept multi-seller orders with the confidence that payments will be correctly split so that each seller receives the correct amount for the product and shipping they have offered.

Perhaps most important of all, we’re expecting OnBuy to step up their international operations and whilst just about everyone in the UK has a PayPal account that’s not the same worldwide. Nuvei sets the marketplace up for rapid expansion as we enter 2023.

This partnership with Nuvei is the first step on our roadmap to give our customers and retailers a new, incredibly exciting version of OnBuy. We have invested millions of pounds in adding new features and functions to our site ahead of going live in 2023.

These changes require the most comprehensive, flexible, and scalable payment options. That’s why we partnered with Nuvei. We’re dedicated to being a trusted eCommerce alternative, providing a fair and transparent marketplace that is always moving forward. Nuvei, with its excellent support and next-generation technology, is helping us succeed in that mission.

– Cas Paton, CEO, OnBuy

As a technology-first company, we’re always innovating and developing new ways to help our customers accelerate their revenues and execute their own international expansion initiatives. We are delighted to be supporting OnBuy as they grow in the UK and beyond.

– Philip Fayer, Chair and CEO, Nuvei
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