Founded in 2006 by Pontus Sjöberg and Joel Lagerroos, URET set out to transform the Scandinavian watch market with a vision of leveraging technology to provide customers with better, more seamless experiences. Over the years, they have grown into the region's largest online watch store, offering a wide selection of watch models, a vintage section, and an extensive network of authorized dealers.

URET struggled with traditional BNPL providers who have arisen from small transactions online, but lack support for higher-value items. As a result, URET's customers with higher average transaction values (ATVs) were underserved. URET needed a payment solution that could securely handle small and larger transactions with reliable identity checks on all markets, a high acceptance rate, and stat-of-the art risk assessment algorithms.

Zaver’s advanced system for post-purchase payment adjustments, along with tailored Buy Now, Pay Later (BNPL) solutions, proved especially valuable for URET. Together, these features addressed industry-specific challenges, such as price adjustments and extended delivery times common for durable goods. Zaver’s BNPL products resolved the issue of holding payment reservations for only 3-28 days, a critical limitation given the long delivery times for high-end products. By ensuring URET receives payments upfront, offering market leading acceptance rates which enables URETs product to a wider range of consumers out there, Zaver not only improves cash flow and adds top-line, but also enhances the overall buying experience for customers, offering a more frictionless and efficient purchasing experience.

With Zaver’s agile approach and strong support, URET was able to quickly test and implement the solution, benefiting from a close and supportive partnership. During the initial test period, URET saw a 60% increase in total order value for high ATVs in Norway, and a 32% increase in Sweden, all within just three months. “With Zaver, we’ve unlocked a new level of service for our customers, and look forward to growing our partnership as Zaver continues to bring innovative solutions to the market,” says Pontus.