NEWS

OnBuy breaks 2m product mark as it reaches first birthday

Published on: 9th November 2017

The UK’s alternative to Amazon now has 2m live products as it signs up clutch of high-profile global retailers.

British online marketplace OnBuy.com has listed its two millionth product, reaching another major milestone in its rapid growth since launching a year ago.

OnBuy, which launched last November as a British alternative to Amazon, has signed up several major retailers to sell through its platform. The latest is Vivo Technologies, Amazon’s seventh biggest seller, which trades as Electroworld and Thinkprice.

Cas Paton, managing director of OnBuy, said: “To reach two million live products is a real milestone for us and it comes a year since launch. “We have done in a year what some other online marketplaces have taken several years to achieve and I believe that’s down to the strength of our offer, underlined by a real appetite out there for an alternative to Amazon and eBay.”

Sellers benefit from OnBuy’s reduced commission fees, which the company claims are significantly lower than rivals and give more favourable margins that translate into better prices for consumers. As a marketplace rather than a retailer, OnBuy states that it will never compete with sellers.

OnBuy is currently offering sellers an exclusive one-off 12-month package, waiving subscription fees in 2018 if they get live on the site before 31st December .

For further details click here.

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