News

OnBuy experiences record sales and growth

Published on: April 12th, 2019

The No. 1 UK-owned marketplace is celebrating a successful start to April, with year-to-date sales 13x higher in 2019 and 600% more users.

As well as showing 1300% year-on-year growth (March 2018 – March 2019), the fast-growing marketplace has also reported that transactions for the first week of April 2019 were up 112% on the first week of March 2019.

OnBuy never competes with its own sellers and chooses to focus its efforts on boosting sellers’ businesses instead. OnBuy is not a retailer, so the market share it seeks to gain is purely for the benefit of its sellers.

Cas Paton, entrepreneur and founder of OnBuy, said: “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. At the end of last year, we announced our partnership with global online payment specialist, 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.”

He continued: “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.”

With over 8m customers and 12m products listed online over thousands of categories, OnBuy also has ambitious plans to expand and launch in over 140 countries by 2022.

Visit www.onbuy.com for further information.

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