Friday 3 April 2020: ebay.com.au, Australia’s number one shopping site, has partnered with Afterpay, Australia’s number one Buy Now Pay Later platform to give Aussie shoppers greater payment flexibility when purchasing online.
Live at checkout from today, the customer-centric budgeting tool will allow eBay’s 11-million unique monthly visitors to buy now, pay later in four easy, interest-free instalments. The partnership also gives eBay’s 40,000 Australian small and medium sized businesses access to Afterpay¹, exposing them to millions of new and repeat customers that love shopping online.
eBay Australia’s Managing Director, Tim MacKinnon, comments, “Especially today, Aussies are relying on eBay to get what they need, in one place at great value. Now they can use Afterpay to responsibly manage their personal finances.
“Australian businesses need all the support they can get right now and offering Afterpay could be what makes or breaks a sale. We are not passing on the cost to our sellers. This follows the launch of our seller stimulus package where we’re offering existing eBay businesses deferred fees and no selling fees for three months to new businesses joining the platform.”
In recent weeks eBay and Afterpay have seen an increased demand in a number of retail categories such as technology and home office supplies as well as entertainment and fitness equipment, as Australians across the country embrace spending more time at home.
eBay data reveals sales of computer monitors have seen an increase of 182 per cent, dumbbells by 854 per cent and paint by numbers sales have increased by a massive 3,746 per cent - as people aim to keep their bodies and minds active during isolation.
The partnership with eBay will also respond to growing customer demand for Afterpay to be made available for everyday essentials.
Anthony Eisen, CEO and co-founder of Afterpay says: “The partnership between eBay and Afterpay comes at such a crucial time, where Australians are wanting more control over their budget and to avoid high interest debt traps. It's also just in time to help small businesses. Two in three Afterpay merchants believe it provides them access to new customers, so we are confident the tool will help small and medium businesses navigate these challenging headwinds.
“Our partnership with eBay represents our largest online arrangement to date - Afterpay will be available on items from everyday essentials, to homewares, tech and even pre-owned items delivered to millions of customers.”
eBay’s Tim MacKinnon adds: “As always, we urge customers to shop responsibly. Take time to compare items and only buy what you need and can ultimately afford. Look out for deals and if suited to your needs, Afterpay can be a great solution as a budgeting tool to make cost savings in the short term.”
Head to ebay.com.au to shop with a new way to pay.
Notes to editors
1. Sellers with eligible listings
For more information, please contact:
Catherine Tomlinson, Pulse
T: 0423 799 729 | E: Catherine.firstname.lastname@example.org
Natasha Moate, Pulse
T: 0435 524 039 | E: Natasha.email@example.com
About eBay Marketplaces:
eBay is one of the world’s largest online marketplaces, connecting people with the things they need and love virtually anytime, anywhere. eBay has more than 1.4 billion live individual and merchant listings at any given time. With mobile apps available in 190 countries, eBay delivers a personalised shopping experience and seamless access to inventory from down the street and around the world. Tailored shopping experiences customise buying and selling; and eBay provides variety and choice for sellers by enabling them to offer goods through online, mobile and local channels to consumers around the world. For more information, visit ebayinc.com.
Afterpay is a technology-driven payments company founded in Australia that facilitates commerce between retail merchants and their end customers by offering a “buy now, pay later” service that does not require customers to enter into a traditional loan or pay any upfront fees or interest. Afterpay has developed an end-to-end digital platform and transaction integrity engine that performs real-time fraud and repayment capability assessments. Afterpay is currently integrated with 43,000+ retailers in Australia, New Zealand, UK. and the US. For more information, visit www.afterpay.com.au.
*Research completed by Lonergan in March 2020