OnBuy.com has announced some £160 million worth of savings in its Black Friday and Cyber Monday sale.
OnBuy will host its website-wide price drop, which is says will have reductions on all products, covering more than 36 million live products.
The company says it wants to ensure the very best in savings by complementing retailer deals with an additional on-site blanket discount. The savings are offered straight out of OnBuy’s pocket, with the marketplace saying its sacrificing a massive 85% of its commission fees. This allows its customers to benefit from greater discounts without the onus falling on its retailers to sacrifice margin.
OnBuy claims it is the only marketplace in the UK to offer an initiative of this sort – a sitewide discount generated by dropping it’s own fees rather than asking its retailers to take the hit.
Cas Paton, founder and CEO of the online marketplace, said: “For us, Black Friday is all about giving buyers fantastic offers that don’t come at a cost to our retailers. Why should retailers sacrifice their margins whilst we keep ours? Unlike other online marketplaces, we partner with our retailers to create the absolute best savings for customers.”
Shoppers can save on products from their favourite brands across thousands of categories, from beauty, home and garden essentials to tech, toys and baby supplies and because OnBuy is a true marketplace, not a retailer, every order placed supports the small, medium and large businesses that sell with them.
OnBuy says its fee discount alone equates to over £160m. However, as part of their own Black Friday activity, retailers will be offering discounts as standard on many popular branded products. With OnBuy’s additional blanket savings layered on top, the company points out, shoppers will be able to find some truly fantastic deals this weekend.
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