Thousands of online businesses received a boost today with an announcement from online marketplace Aroxo and Sage Pay the UK's leading independent payment service provider (PSP) that they have joined forces to provide a secure and efficient new sales channel.
The move to include Sage Pay alongside peer to peer payment platforms, such as PayPal and Google Checkout comes as a result of retailer demand and is part of Aroxo's wider growth strategy.
Matt Rogers, co-founder of Aroxo explains: 'We have ambitious plans for growth and by partnering with Sage Pay, both our network of customers and businesses using Sage Pay's secure payment gateway will benefit from this innovative collaboration.'
Aroxo is the first buyer-driven marketplace where the buyer and seller can negotiate on the price of desired goods so will be a welcome addition to any multi channel strategy, and with Sage Pay's integration it is an efficient and effortless new sales channel.
James Beard, Head of Commercial Development at Sage Pay comments "We're delighted to provide our payment services on Aroxo's marketplace. We've spoken to a number of our customers and their two key concerns are always reaching new markets and streamlining business processes. The ability to accept payments on their own website and via Aroxo and reconcile them in one place gives retailers one less thing to worry about and enables them to concentrate on making their business a success."
Research carried out by IMRG shows that 62% of shoppers think the best deals are only available online, with online discounts soaring by 100%. It also shows that nearly half of e-shoppers believe their money goes further online, a trend confirmed by Sage Pay's own statistics that reveal that the frequency of buying online has increased significantly but the average spend per transaction has decreased by approximately 10% year on year.
E-commerce businesses are tapping into the consumer desire to bargain hunt with 25% of small businesses intending to invest in their e-commerce in the next 12 months making competition between e-tailers fierce.
Sage Pay and Aroxo customer Qu Li from Web Electricalsexplains, "For us it was essential that Aroxo supported Sage Pay. Now that both systems are fully integrated, we are benefiting from an excellent new sales channel as well as secure payment services and anti fraud tools from a provider we can rely on. It's a solution that fits seamlessly into our business."