eBay Australia adds buy now, pay later option with Afterpay tie up
Afterpay is now available on eBay Australia in what the PayTech venture has labelled its largest online deal in the country.
The partnership will allow it to provide its buy now, pay later service to the platform's 40,000 small and medium businesses and 11 million monthly users.
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"Especially today, Aussies are relying on eBay to get what they need, in one place at great value," says eBay Australia MD Tim MacKinnon. "Australian businesses need all the support they can get right now and offering Afterpay could be what makes or breaks a sale."
eBay says that it will not be passing the costs of using Afterpay onto its sellers; instead the venture will cover the transaction cost itself.
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PaymentsStaff WriterAfterpay, eBay, eBay Australia, Payments, Online retail, Online marketplaces, PayTech, Coronavirus, Buy now pay later, FinTechComment