OnBuy Selects PayPal as Exclusive Payment Partner for Global Launch

OnBuy Selects PayPal As Exclusive Payment Partner For Global Launch

Published: 05/11/2020

Following two years of success in the UK, OnBuy has strengthened its agreement with PayPal to provide ongoing fast, secure and easy payments to its platform.

Having already enjoyed an excellent working relationship in the UK since 2018, OnBuy announces today that it is extending its relationship with PayPal to be available for all transactions on its site globally - giving both customers and sellers using OnBuy a safer, fast and more convenient way to pay and get paid.

"A world-class marketplace needs a world-class payment solution," OnBuy's founder and CEO, Cas Paton, commented. "Our relationship with PayPal enhances the customer experience thanks to what PayPal promises in security, convenience, and its overall ease of use - all factors that consumers are right to trust."

OnBuy's sellers will benefit from PayPal's order dispute resolution services, as well as easy access to their available funds, enabling good management and visibility of their business cash flow. "In the last two years, our partnership with PayPal has, without a doubt, done much to strengthen OnBuy's offering and empower the success of both our marketplace and our retailers," Paton added.

OnBuy recently reported a record-breaking October, with 700% growth compared to October 2019, and a third consecutive year of over 600% revenue growth - meaning fantastic success for the marketplace's sellers too. OnBuy's international growth plans, creating dedicated country sites in over 140 territories worldwide once complete, will only be enhanced by the wide reach and the trust that PayPal enjoys around the world.

PayPal Buyer Protection will be made available to OnBuy customers for all qualifying purchases, throughout the marketplace. Customers can purchase with confidence, not only due to fully encrypted and secure online transactions, but also a 180-day guarantee against items they bought not arriving, or arriving broken.

Meanwhile, PayPal Seller Protection empowers those retailers listing on OnBuy with the knowledge that they will have dispute resolution on their side to assist in resolving customer issues. This is all delivered via internationally acclaimed security and encryption.

OnBuy's ongoing partnership with PayPal as facilitator of payments means that the world's fastest-growing marketplace has all it needs to become bigger and better than ever.

With a far-reaching ITV television advertising campaign forming part of OnBuy's Q4 globalisation and marketing strategy, together with 40 countries worldwide due to come online for OnBuy by year-end 2020, PayPal is a great partner of choice for the world's fastest-growing marketplace to realise even more astonishing world-firsts going forward.

Modified on 2020-12-03 16:17:25