OnBuy hooks up with buy now pay later specialist Clearpay as customers demand convenience online
UK online marketplace, OnBuy, has announced a partnership with buy now, pay later (BNPL) provider, Clearpay.
This option can be used across the majority of the e-commerce venture’s products.
A recent consumer survey conducted by the firm revealed that one in five people choose to shop with a retailer because they offer their preferred payment method. It says that the partnership with Clearpay comes in response to this growing demand for convenience when online.
With Clearpay, shoppers have the choice to split their purchase payment into four interest free instalments, paid over six weeks. OnBuy will also feature on Clearpay’s Shop Directory, which globally drives one million new customers to merchants every day.
Cas Paton, CEO at OnBuy, says: “We’re more committed than ever to transforming the OnBuy shopping and selling experience, and that’s why we’ve chosen to offer even more payment methods at the checkout. Our customers have asked for the flexibility to make purchases in a way that suits them, and we’re excited to be able to respond by launching Clearpay across our site.”
“Partnering with Clearpay also benefits our sellers, as more choice for our customers ultimately results in more sales overall.”
Rich Bayer, UK and EU Country Manager at Clearpay, says: “We’re delighted to partner with OnBuy, who will now have access to our engaged and growing customer base, and can enjoy increased conversion rates and incremental sales, and lower return rates.”
“With 14% of online purchases being made using BNPL in March this year, this innovative payment method is highly valued to consumers who want to manage their spending responsibly.”
“With our inbuilt protections, OnBuy customers can pay for products safe in the knowledge that they cannot build up revolving debt that comes with high interest credit cards.”
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