OnBuy.com says it has seen its transactions rise by more than 600 percent.
In 2016, Cas Paton launched the company to rival market giants such as Amazon after getting frustrated by the commission charged by other online market stores.
During a week in October, visits to the store’s site were up 1,178 percent on the same period last year, based on comparable users, the company said.
In October, OnBuy.com sealed a partnership deal with PayPal which according to the company has contributed exponentially to its growth.
OnBuy has over eight million products listed by its site.
According to Mr. Paton, “It’s been a year of massive growth and development for OnBuy.com. We’ve invested millions in the marketplace and have huge plans for the future including branching out to the rest of Europe next year. To support this, we’re rapidly expanding our team to support our aim of having 12million products listed online by the end of the year.
“Our partnership with PayPal as well as HotUKdeals, has not only improved the transaction process for our sellers, but it’s aided the exponential growth we’ve seen in the last month.
“We are the first UK product marketplace to be able to offer PayPal directly supported between PayPal and the seller since eBay, which we have no doubt will help us continue to grow and hit next year’s targets, and more.”
OnBuy.com’s standard seller account holders enjoy sales guarantee – allowing them to have the following month’s subscription fees waived if they make less than £500 in sales in a month. The company says it is the first marketplace to offer the incentive in the UK.