WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Website Related Website Revenue Thursday, December 5, 2019 
Add Press Release News | News Feeds Feeds | Email This News Email


OfferUp Debuts 'Hold Offers' Feature To Reserve Items and Reduce Flaky Buyers and Sellers
Thursday, July 18, 2019

Company is the first local peer-to-peer marketplace to integrate mobile payments, including Google Pay and Samsung Pay

SEATTLE, July 18, 2019 /PRNewswire/ -- OfferUp, the largest mobile marketplace for local buyers and sellers in the U.S., today announced it has released Hold Offers, an industry-first feature for mobile marketplaces that allows a buyer to reserve an item they want by making an offer with a digital payment. Hold Offers improve the buyer-seller experience by giving sellers assurance that the buyer is serious, and provide both parties with the convenience and safety of integrated digital mobile payments.

Along with Hold Offers, OfferUp is also the first local marketplace to offer integrated mobile payments, including Google Pay, and Samsung Pay for person to person transactions. More than 90 million Americans use mobile payments to conduct day-to-day transactions, which means it's now more convenient to pay digitally for items bought on OfferUp's marketplace.

According to a nationwide survey, one of the most discouraging aspects of peer to peer marketplaces is flakes. More than half of Americans have had buyers cancel their meet-up at the last moment and nearly the same have had buyers 'ghost,' or become unresponsive after showing initial interest. OfferUp is tackling this crucial pain point head-on with Hold Offers.

"OfferUp is bringing transparency and accountability to local transactions with Hold Offers. If I see a must-have item, I want to stand out as a buyer, so making a Hold Offer shows a seller that I'm committed. And as a buyer, I don't have to deal with the hassle of going to the ATM for cash or juggle multiple apps for payment,'' said Nick Huzar, CEO and co-founder of OfferUp. "Hold Offers is a giant leap towards building the simplest, most trustworthy marketplace because we're giving people more tools to have a successful exchange experience."

How To Use Hold Offers

    --  Hold Offers allow buyers to lock in a great deal and surfaces serious
        buyers to sellers. Buyers can secure a difficult to find item by
        committing to an offer in advance, with a credit card, Google Pay, or
        Samsung Pay.
    --  When a buyer finds an item they are ready to purchase, they can tap
        "Hold for Pickup," select their preferred mobile payment method, and the
        app will automatically send a notification to the seller with their
        request to hold the item.
    --  In exchange, sellers agree to hold reserved items exclusively for the
        buyer to pick up in person.
    --  When the seller accepts the Hold Offer, the buyer is notified that the
        seller is agreeing to exclusively hold the item for them, and the
        buyer's credit card is authorized. The item is also marked "sold" to
        notify other engaged buyers the item is no longer available.
    --  When the buyer and seller meet up for the final item inspection, they
        can adjust the price in the app if they decide on an alternative value.
    --  When a buyer is ready to pay for their item, they tap "Pay" and a unique
        QR code is brought up on their screen. The seller scans the buyer's QR
        code with their phone and the transaction is complete.

Hold Offers was in limited beta, but is available today in every market across the U.S. Buyers and sellers are already reporting its benefits:

    --  Allison K., a buyer from Snohomish, WA, said, "Hold Offers makes buying
        things so much easier and more secure. When I find things while browsing
        the app at home, I can have them held while my husband finishes up work,
        and then he can pick them up on his way home."
    --  Alan R., a seller from Sunrise, FL, said, "It's easy to pay through the
        app and be comfortable knowing that the item will not be sold to someone
        else prior to picking it up."
    --  Colleen B., a buyer from Puyallup, WA, said, "It's easy to secure the
        purchase without worrying that it will be sold out from underneath you
        before you can meet up with the seller."
    --  Kara K., a seller from Toledo, OH, said, "Hold Offers makes the
        buying/selling process more reliable. I feel like a person is less
        likely to waste another person's time - for instance saying they are
        interested but never following through."

For more information, go to https://blog.offerup.com/.

About OfferUp
OfferUp is dedicated to building the simplest and most trustworthy way for people to buy and sell in their communities. As the largest mobile marketplace for local buyers and sellers in the U.S., the company's iOS and Android apps have been in the top five most popular shopping apps lists for more than three years. The privately held company is based in Bellevue, WA and backed by top investors including Andreessen Horowitz, Warburg Pincus, GGV Capital, T Rowe Price, and Coatue Management. For more information, visit our website and follow us on Twitter and Facebook.

View original content to download multimedia:http://www.prnewswire.com/news-releases/offerup-debuts-hold-offers-feature-to-reserve-items-and-reduce-flaky-buyers-and-sellers-300887223.html

SOURCE OfferUp



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Tech Mahindra Buys Iconic Agency, BORN Group | Dec 5, 2019
Nav The Impact of PSD2 on European B2C E-Commerce and Online Payment, 2013-2027 | Dec 5, 2019
Nav Rewind Awarded Partner of the Year in 2019 BigCommerce Technology Partner Awards | Dec 5, 2019
Nav Motorola, Huawei, HTC & More Android Phone Black Friday & Cyber Monday Deals (2019): The Latest Android Cell Phone Deals Rated by Retail Egg | Dec 5, 2019
Nav Diverse plots and suspense from Sid Kelly's short story collection | Dec 5, 2019
Nav CruisesOnly┬« Extends Cyber Week Sale with Exclusive Travel Tuesday Offers | Dec 5, 2019
Nav Buyaladdin Joins Overstock's Affiliate Program Connecting Asia-Pacific-Based Consumers with Millions of Products Online | Dec 5, 2019
Nav List of Black Friday & Cyber Monday Deals on Toys (2019): The Best Nerf, VTech, Melissa & Doug, Fisher Price & Imaginext Toy Sales Listed by Retail Egg | Dec 5, 2019
Nav Analysis on the Global Prepaid Card Market, 2019-2024 - Move Towards a Cashless Society is Substantial and a Major Driver of the Prepaid Card Market | Dec 5, 2019
Nav KinerjaPay Corp Continuing Update on Financing | Dec 5, 2019
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News