E-commerce platform Ozon has announced comprehensive upgrades to its payment infrastructure, aiming to provide sellers with a more secure, efficient, and user-friendly transaction environment. The improvements come in response to merchant concerns about payment processing in cross-border trade.
During preliminary testing phases, numerous sellers successfully trialed Ozon's new payment solutions. The company has expressed gratitude for this participation and now invites all marketplace sellers to join the final testing stage, particularly focusing on integration with new electronic wallet partner GEP.
Implementation Details
Sellers can participate by logging into their Ozon seller accounts and completing the binding process for all newly available payment methods. The testing period is scheduled for completion throughout July.
Several factors will influence test participation, including: KYC verification status of payment accounts, electronic wallet linkage status, store account performance metrics, compliance records, and account registration duration.
System Upgrade Timeline
The extended testing period reflects Ozon's commitment to thorough infrastructure updates and compliance procedure enhancements. While acknowledging the inconvenience, the company emphasizes these measures are necessary to ensure system stability and security.
Upon completion, the upgraded payment system is expected to significantly improve operational efficiency for sellers and support business growth opportunities. Ozon has reiterated its appreciation for seller cooperation during this transitional phase.