Group Purchasing Solution: BuyBox Solution for E-commerce Websites
- Oonetic BuyBox software enables merchant websites to broaden their offer and propose their customers to consolidate a jackpot for different occasions (gifts, lists, etc.).
- The prepayment system becomes a traditional payment when purchasing goods online.
- Oonetic also proposes a white label solution and the possibility to customise the marketing interface.
- Internet users do not need to create a dedicated account to perform transactions with BuyBox.
- According to the Small Business Payables and Receivables Survey, conducted in January 2011 by CashEdge, SMEs are now looking for faster and simpler e-payment solutions. The noted payment term reaches an average of 19 days which hinders the collection of customers’ payments. BuyBox proposes a group purchasing solution bearing the shape of a prepayment.
- The features of this offer and the commercialisation means used (SaaS mode) are the main benefits of this product: a company wishing to use the software benefits from an advantageous SaaS deployment are related flexibility as well as inherent cost management.
- Customers can automatically aggregate their funds online which seems to fit the new consumption habits requiring rapidity, easiness and flexibility.
- Nevertheless, customers’ deposits can still be better secured which could hinder the development of this service.