OnBuy announces £25m Black Friday price crash

Online marketplace OnBuy is launching the biggest sales event in its history.

Every product will reduced by up to 80%, covering more than 17 million products. OnBuy, which launched in 2016, is also discounting its sales fees by up to 100%.

“We’ve dropped over £25 million in prices straight off our fees, with 100% off our fees in electronics, computing and white goods, and over 50% off our fees in every other category on OnBuy. We did this so that our sellers can have a prosperous Black Friday and our buyers can get some amazing discounts,” says Cas Paton, Founder and MD.

“We believe that this is another chance to demonstrate how to do business ethically and transparently. We’ve decided as a company that the Black Friday promotion should not just cost our sellers, so we’re joining in on the amazing discounts to ensure our sellers’ pricing is as strong as possible.”

Unlike Amazon, he adds, OnBuy won’t be competing with its own sellers on Black Friday. “For us, Black Friday is all about giving buyers fantastic opportunities that don’t come at a cost to the seller. Many sellers have already submitted great offers for Friday, so with our £25 million price crash we have some of the best deals in the UK – we’re planning to make this Black Friday a record breaker,” he concludes.