OnBuy Upgrades Payments With Klarna Buy Now Pay Later Options
UK marketplace OnBuy is making moves to improve the payments experience for both buyers and sellers in 2023, introducing Klarna Buy Now Pay Later and new ways for sellers to get paid.
https://www.onbuy.com/gb/news/onbuy-responds-to-consumer-demand-with-the-launch-of-klarna~a969/
We’re excited to announce that we’ve teamed up with Klarna, bringing our customers even more choice and convenience at the checkout!
Our recent consumer survey revealed that 1 in 5 people choose to shop with a retailer because they offer their preferred payment method. Partnering with Klarna is a response to the growing demand for a wider range of payment options, allowing us to offer the flexibility shoppers want across over 35 million products on our site.
With Klarna, customers now have the choice to pay in full immediately (Pay Now), spread the cost over three equal payments (Pay in 3), or pay up to 30 days later, without any interest or fees* (Pay in 30 Days).
https://www.onbuy.com/gb/news/onbuy-opens-doors-to-new-sellers~a968/
Having been recently ranked as Europe's fastest-growing eCommerce company by the Financial Times, we’re excited to announce that we’re opening our doors to more potential sellers by introducing WorldFirst, Payoneer, and direct payments into UK bank accounts for the first time since launching in 2016.
To enhance the selling experience on OnBuy, we’ve cut out the middleman and now pay our sellers directly. This means no third-party costs, high international fees, or complex policies; just simple, direct payments to your UK bank account, WorldFirst or Payoneer account. That’s on top of easy access to the help and support you need, from our friendly, UK-based team.
But the good news doesn’t stop there! You no longer need a PayPal business account to join us, making onboarding quicker and easier than ever before - you could be set up and selling in as little as 48-72 hours!
This move comes at a pivotal time for us at OnBuy, and is all part of continuing our promise to provide a simple, fair platform that puts you first and never competes against you for sales. This is something we’ve always stood for, and that will never change.
CEO Cas Patton has said he has big plans to make 2023 the year that OnBuy enters "Mature Marketplace territory" and improvements in payments are just the beginning.
Do you buy or sell on OnBuy? I'd love to hear about your experiences with this growing marketplace - let us know us know in the comments below!
They just "killed the golden goose". I imported my 1500+ eBay items to there since it was free. Turned out just to be a lot of work for (maybe) 3 sales a month.
The total fees were higher there before this new $20 a month cost structure, even though they claimed otherwise. When one factors in the 3.49% + 49 cent PayPal processing fees so one can get paid, there went a good chunk of profit.
Now they have boosted their commission to 11%, and still claim that the cost to sell there is less than eBay's. And remember that this does not include payment processing. WHY?? Makes no sense at all.
On eBay, for $27.95 a month, I sell over 100 items there every 30-31 days. Makes ZERO SENSE to pay a site $20 to make just a couple of sales. Since they now allow 50 "free listings", I have trimmed my offerings back to just below that amount. Also had to raise all my prices accordingly to absorb the extra selling costs.
The people who run the show here obviously didn't realize that eBay sellers who imported their listings gave the site a great depth of product, which would attract more buyers. Now that will be gone, because NO ONE will pay them $20 monthly for little to no sales.
The site also has technical issues that they refuse to fix. It was a decent resource to enable the occasional sale, but they will soon be stacked onto the eCommerce trash heap of companies that THOUGHT they could compete with Amazon and eBay. Etsy may also suffer the same fate soon, as many sellers are also leaving their site due to high fees, website issues, and poor management.
Basic eComm rule here: When you do not carry any inventory, and sellers are solely responsible for supplying your site with the goods offered, DON'T BITE THE HAND WHICH FEEDS YOU!!!
eBay seller since 2022
Just started selling about a year and half ago
800 items sold 99.7 feedback
Recently I went away for family things for 30 days set my acct to be away … got back with items not received cases opened
I wasn’t able to revise existing listings post new listings OR refund the buyer from my eBay funds …
The items were caught up in recent wild fires but ended up being delivered late. I had to beg the buyer to let me pay them off of eBay to close the case because it was on hold and I wasn’t able to refund them from my eBay acct etc…. So luckily they obliged and I did … but ever since then my acct must be strikes as high risk because funds have been on hold 3 days after delivery since then indefinitely might I add… I get the run around everytime etc etc FINALLY I got someone saying it’s temporary it’ll be back to normal etc. these r all reps from escalated departments… one lady told me that with my history and feedback I’ve proved beyond doubt that I’m reliable seller and shouldn’t be on hold she put in for a appeal never heard back got the run around for another few months… they keep telling me I’ve been chosen for the new update they r rolling out total BS … do you believe that sellers will stay on eBay with these holds ? No they will simply go to another platform … they r 100% making money on the holds and use any reasoning to tell you basically no and keep profiting…. The get around is creating a new acct… these cases were closed without eBay having to step in and might I add I lost $$ and its been truly frustrating esp since I’ve built the acct up but I know I can do it again.. when they tell me its going to happen to all accts I just mention how my brother just opened one n now has immediate payments they don’t know what to say I don’t think they really even know.,, its sad n scummy but I see a class action lawsuit coming honestly ! I don’t know💬 if I forgot anything but well written thanks for the information. Have a great one!