- OneStepCheckout merchants can now easily integrate with responsible Buy Now Pay Later solution, Openpay
- Partnership allows for OneStepCheckout merchants to offer their consumers monthly payment plans with no interest
London, UK, 17th May 2021 : Openpay, the UK’s next generation, interest free payment solution, has today announced its partnership with OneStepCheckout, the best alternative to Magento 2 default checkout.
The collaboration will allow OneStepCheckout merchants to offer a range of Openpay’s payment plans at checkout, giving consumers the opportunity to split the cost of purchases over three to six months. Openpay’s core ethos is responsibility, and the Australian fintech takes an initial payment at the point of purchase, encouraging conscious consumerism and reducing returns by up to 20%.
The deal is the latest announcement in a record period of growth for Openpay, which has continued to grow across the retail sector, alongside home improvement, healthcare and automotive, memberships and education.
Our integration will allow seamless use of our ‘Buy Now, Pay Smarter’ plans, helping consumers across the UK manage their finances in a responsible way.
Andy Harding, Openpay UK MD
OneStepCheckout’s easy to navigate design addresses the top reasons for cart abandonment, namely when shoppers don’t see order total upfront including sales taxes and shipping cost, when the checkout process is too long and spreads over several pages, when shoppers are forced to register before placing their orders.
Andy Harding, UK Managing Director of Openpay, said: “This is a brilliant deal for Openpay, OneStepCheckout and all of the merchants involved. One of the biggest frustrations we hear from customers is that the checkout experience is too convoluted, and OneStepCheckout’s offering is the ideal solution. Our integration will also allow seamless use of our ‘Buy Now, Pay Smarter’ plans, helping consumers across the UK manage their finances in a responsible way.”
This is the perfect formula to boost online businesses’ bottom lines as they get more sales for the same traffic.
Thien-Lan Weber, Chief Marketing Officer OneStepCheckout
Thien-Lan Weber, Chief Marketing Officer of OneStepCheckout, said: “With over 10 years’ experience improving the checkout experience of tens of thousands of Magento stores globally, we know what the market wants. Online stores demand a frictionless checkout which is easy to install and configure based on their regional requirements and consumers preferences. Openpay allows just that: merchants can now meet skyrocketing consumer demand for a flexible yet responsible financing solution that proved to not only reduce cart abandonment but also increase average order value and repeat purchases. This is the perfect formula to boost online businesses’ bottom lines as they get more sales for the same traffic.”
About Openpay
Openpay Group Ltd (ASX: OPY) is a fast-growing and highly differentiated player in the global ‘Buy now pay later’ (BNPL) payment solutions market. The Company’s strong platform enables it to deliver the most flexible plans in the market with durations of 2–24 months and values of up to $20,000.
Openpay focuses on industries where it can make a true difference: Automotive, Healthcare, Home Improvement, Memberships and Education; and its target customers are finance-savvy and of an older demographic who use Openpay plans as a cashflow management tool.
Openpay also has a unique B2B offering, Openpay for Business, a SaaS-based platform that allows companies to manage trade accounts end-to-end, including applications, credit checks, approvals, and account management in the one system.
Openpay provides services to Customers and Merchants in Australia, New Zealand, the UK and entered the US market, under the brand name Opy, in December 2020.
See more at www.openpay.com
