Riverty Expands in Germany’s Online Marketplace with eBay Partnership
-Riverty and eBay introduce a new payment option
-Monthly invoices are a widely used embedded payment method in Germany
-Benefits for eBay and Sellers
Berlin, 05 November 2024 – Riverty has partnered with eBay to offer consumers a new payment option, a seamless monthly invoice feature, now available at checkout. This collaboration provides eBay customers with increased flexibility and choice, while sellers benefit from fast transactions with a reliable payment partner.
Strengthening Merchant-Customer Relationships Through Co-Branding
The partnership with Adyen's merchant eBay offering a Buy Now, Pay Later (BNPL) payment solution that prioritizes the merchant-customer relationship, including the option for co-branding capabilities. By consistently highlighting merchants' brands across various customer communications, including invoice emails, social media, and in-app messages, Riverty ensures the merchant’s brand remains central to the customer's experience, boosting brand recognition and loyalty. This strategic commitment shows how BNPL services can bolster consumer engagement.
"Our partnership with eBay exemplifies our 'merchant-first' strategy," says Andreas Barth, CEO of Riverty. "eBay, a pioneer in e-commerce, offers a unique selection of rare and hard-to-find items. We are proud that eBay has chosen Riverty to enhance its payment options and improve customer experiences."
Riverty's Embedded BNPL Solution at eBay
“With the monthly invoice, we are offering our customers another way to tailor their online shopping experience to their wishes,” says Dr. Saskia Meier-Andrae, Managing Director of eBay Germany. “We know that our buyers want an easy and fast solution for combining payments for multiple purchases. This is exactly what we are now making possible with the monthly invoice from Riverty.” Nothing changes for eBay sellers with the monthly invoice, they receive their money as before in accordance with the agreed payout plan.
Monthly invoice is an integrated, powerful option for paying later at no additional cost. Customers do not need to create a separate account. At the start of the following month they receive an invoice for all added purchases that can be paid within 14 days. No additional fees are applied if a payment is made on time. Payments are processed via Riverty, a trusted German payment service provider from the Bertelsmann Group.
Enhanced Security for Buyers and Sellers
“The security of our buyers and sellers is our top priority, which is why we have set high standards for our partners,” says Meier-Andrae. “Riverty meets them with scalable technology, proven experience in financing solutions and high financial stability as part of the Bertelsmann Group.” Riverty supports thousands of sellers and more than 28 million consumers with more than 80 million payment transactions per month.
eBay is rolling out this payment option to customers in Germany, with general availability expected by early 2025.
About Riverty
Riverty, the fintech arm of Bertelsmann, supports thousands of merchants and over 28 million consumers by processing more than 80 million transactions monthly. Offering flexible payments, debt collection, and smart accounting solutions, Riverty empowers businesses and consumers with cutting-edge financial services. With a dedicated team of over 4,000 employees across 11 countries in Europe and North America, Riverty is a leader in delivering comprehensive financial solutions.