OnBuy.com reports 1,300% rise in sales over year
Britain's online marketplace, OnBuy.com, said it’s seen sales for the year to date soar 13 times higher than 2018 and has attracted 600 per cent more users.
The fast-growing marketplace, sometimes dubbed Britain’s alternative to Amazon, has also reported that year-to-date transactions for March were up 1,300 per cent on 2018. The company also reported that sales in the first week of April 2019 were 112 per cent ahead of the same period for the previous month.
“We’ve experienced a fantastic week to kick-start April and put our booming sales and growth down to continually fostering innovation to enhance the customer experience” said Cas Paton, entrepreneur and founder of OnBuy.
Sales boosted by PayPal partnership
“At the end of last year, we announced our partnership with global online payment specialists, PayPal, which has really helped fuel our exponential growth. The move to PayPal means that our buyers and sellers benefit from a robust level of security and protection.
“Equally, we attribute our exponential growth to the fact that our selling fees are cheaper than Amazon, meaning sellers can price competitively and stay profitable whilst buyers can get the best deal.
"We make the lives of our sellers as easy as possible by continuing to bring new integrations on board, such as ChannelAdvisor, Linnworks, Storefeeder, Royal Mail Click & Drop and plenty of others.
“We will continue to disrupt the sector by investing millions into OnBuy and will shortly be launching new services to revolutionise online retail across the country, details of which are yet to be revealed.”
Earlier this year OnBuy was ranked the number one UK online marketplace.
With over eight million customers and 12 million products listed online over thousands of categories, OnBuy also has ambitious plans to expand and launch in over 140 countries by 2022.
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