UK online marketplace OnBuy.com, has delivered the next stage in its highly anticipated roadmap of improvements with the launch of Klarna Pay Now, Pay in 30 Days and Pay in 3, giving OnBuy BNPL options across a vast range of over 35 million products.
Klarna is one of the world’s leading global payments and shopping services with over 150,000,000 active consumers worldwide.
This news comes fast on the heels of the OnBuy payments launch with direct payment, WorldFirst and Payoneer options for merchants to receive proceeds from their sales. This meant that sellers no longer need to connect PayPal accounts in order to sell on the platform, removing a blocker that has been a deterrent to some in the past.
However, we’re also hearing that the new Terms and Conditions for sellers also marked the end of the Subscription Waiver for those who sell less than £500 in a calendar month. This has put some merchants off as they build their sales activity on the platform.
The introduction of OnBuy BNPL powered by Klarna is in response, they say, to increased consumer demand for a wider range of payment options. A recent customer survey conducted by the online marketplace, showed that 1 in 5 people choose to shop with a retailer because they offer their preferred payment method.
We’re committed to giving consumers the shopping experience they want. Our customers have asked for the flexibility to make purchases in a way that suits them, and we’re excited to be able to respond by launching Klarna across our site. The introduction of more payment options also benefits our sellers, as more choice for our customers ultimately results in more sales overall.
– Cas Paton, CEO, OnBuy
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