What is OnBuy? OnBuy Review

history

OnBuy calls itself a "direct alternative to Amazon". Cas Paton was dissatisfied with Amazon's fee system and established the e-commerce platform OnBuy.com. The latest retailer to enter OnBuy.com is Vivo Technologies, which is the seventh largest seller on Amazon.

introduce

82.3% of OnBuy’s traffic comes from the UK. OnBuy is very popular in the Netherlands, which contributes 13.8% of its traffic.

The OnBuy platform is an intermediary platform and does not have a self-operated model.

OnBuy.com is a promising online marketplace that offers hundreds of categories of products and reputable sellers. Launched in 2016 as the UK’s Amazon, OnBuy covers a variety of industries, including automotive, apparel, health and beauty, technology, toys, etc. The platform has also successfully created a market that benefits both buyers and sellers.

OnBuy's global development strategy plans to expand its business to 140 new countries and regions, including the United States, Germany, France, Spain and the United Arab Emirates. In order to achieve this strategy, OnBuy will double the size of its employee team to more than 50 full-time employees.

Features of OnBuy

1. A safe and reliable online shopping platform. OnBuy cooperates with PayPal to provide buyers with more payment options, such as existing PayPal balance payments, bank accounts, credit cards and debit cards, etc.

2. Save a lot of money compared to RRP. The platform commission fee for sellers is relatively low, so they have the advantage of selling at a low price, thus providing the best price to customers.

3. Product reviews are authentic. OnBuy encourages buyers on its platform to leave reviews to help subsequent buyers make informed choices.

cost

In addition to the 5%-9% commission, sellers on OnBuy also have to pay a monthly subscription fee. The standard plan costs £19 a month, and the partner plan costs £39 a month.

Development History

It was launched in 2016 and covers multiple categories, including automobiles, clothing, health and beauty, technology, toys, etc.

Year-to-date in 2017, total transaction volume on the platform has increased by 608%, and traffic continues to grow exponentially, increasing by 1,178% from October 2017 to 2018.

In July 2018, we partnered with PayPal to process payments and provide you with enhanced security and protection.

In February 2019, OnBuy surpassed its UK-based competitors to become the number one marketplace established in the UK!

In November 2019, British e-commerce platform On Buy recently launched the Boost advertising service to help sellers achieve more sales during the peak season.

In July 2020, British e-commerce trading platform OnBuy received a £5 million investment in its Series A financing.

References

• 1. British e-commerce platform OnBuy is developing rapidly, with more than 8 million products! : Sohu [cited on 2018-10-29T16:00:00.000Z]
• 2. British e-commerce platform OnBuy completed a £5 million Series A financing, and its transaction volume increased 11 times in the past year: Qichacha [reference date 2020-07-11T16:00:00.000Z]