Ebay Inc (EBAY)
Want to sell your old stuff or buy a rare item online? EBay is the place to go. You can find anything and everything for sale and you can even set up your own side business if you want. It also owns PayPal, which has become a way to pay for things online. Don't forget about EBay-owned Skype, either - it lets you make phone calls around the world via your computer.
eBay Introduces Free Auction Listings and the â??3-Cent Storeâ?
Lowest Rates Ever for U.S. Sellers to Build Their Businesses on
million active buyers and sellers, today announced free auction listings
and dramatically reduced listing fees for fixed-priced items in the
U.S., making selling on eBay.com simpler than ever for sellers of all
sizes. The pricing changes, which take effect
align eBayâ??s success with its sellers, dramatically lowering â?? and even
eliminating â?? the upfront costs of selling on
pricing is similar to changes implemented by
driven strong growth for sellers in markets such as the U.K. and
â??Freeâ??and practically freeâ??is great news for anyone wanting to earn
extra cash or build a business on eBay,â? said
president of eBay Marketplaces. â??Our new success-based pricing makes
helping sellers win and giving buyers the best deals online. So whether
you want to turn the stuff in your garage into vacation money, become an
selling formats, tools and pricing that offer choice and opportunity.â?
Beginning
For sellers who list items occasionally, new â??eBay Everydayâ?
rates. Auction-style listings with a start price of99 cents or less
will be free (with no insertion fees for up to 100 listings per
month). When an item sells, the seller will pay a flat final value fee
of 9 percent of the sale price â?? and never more than$50 . If an item
doesnâ??t sell, the seller pays nothing. Auction listings typically are
the ideal format for people who sell occasionally oneBay . Regardless
of item or price, auction listings offer maximum search exposure based
on time-ending-soonest auction-based search results, and the format
helps sellers with occasional listings get the best value.
For sellers who list often, new â??eBay Storesâ? subscription
rates offer insertion fees as low as3 cents per listing for 30 daysâ??a
90 percent reduction over current rates. Larger volume sellers with
this â??3-cent storeâ? premium rate can move thousands of items at high
velocity with full search exposure. Subscription rates offer basic,
anchor and premium store pricing options, depending on the size of a
sellerâ??s business. With the new pricing a seller with 250 listings per
month would save$80 or$960 a year in insertion fees. In addition,
with these changes eBayâ??s current store inventory format will be
discontinued and will no longer have separate search functionality
from core fixed-price listings. With the new eBay Stores rate package,
all fixed priced inventory oneBay will have exposure through eBayâ??s
main search functionality, increasing visibility for sellers and
improving the search experience for buyers.
Sellers who want to determine which pricing option will work best for
their
listings when the changes take place in March can use eBayâ??s Fee
Illustrator: http://pages.ebay.com/sellerinformation/news/FeeIllustrator2010.html.
Along with the simplified pricing changes,
effective today, it is expanding to all buyers its eBay Buyer
Protection program, which the company has been piloting over the
past year. eBay Buyer Protection adds an unprecedented level of customer
support and trust to the worldâ??s largest online marketplace. Along with
eBayâ??s Top-rated seller program, which was introduced in
and helps buyers easily identify sellers who consistently provide great
service (as rated by other buyers), eBay Buyer Protection offers buyers
even greater confidence that when they buy on
Through eBay Buyer Protection, buyers will have access to customer
support specialists seven days a week, as well as a money-back offer for
most purchases should a problem arise and the seller is unable to
resolve the issue. eBay Buyer Protection covers items paid with PayPal
or any other approved payment method. This program, along with Vehicle
Protection Program and Business Equipment Protection Program, covers
almost every item purchased on eBay.com. Customers can see the specific
coverage for an item on the â??view itemâ? page or can read more at http://pages.ebay.com/coverage/index.html.
â??Weâ??ve made enormous progress in creating a great customer experience on
eBay.com,â? said Norrington. â??Buyers already benefit from the highest
quality service offered by our Top-rated sellers. With eBay Buyer
Protection, customers can shop with confidence as they take advantage of
the great deals and selection
covered on
Fast facts:
New range of pricing options designed to dramatically reduce the
upfront cost of selling oneBay and offering eBayâ??s lowest-ever
insertion fees.
New â??eBay Everydayâ? standard rates: Free insertion fees in
auctions with a start price of99 cents or less for up to 100 listings
per month. New, lower insertion fees for auctions at all other
starting prices. New, simplified final value fee for all auctions.
New â??eBay Storesâ? subscription rates: Full search exposure on
fixed-price listings for as little as3 cents per listing, plus new
low rates for auctions.
eBayâ??s Fee Illustrator helps sellers determine which option will be
most cost-effective. http://pages.ebay.com/sellerinformation/news/FeeIllustrator2010.html.
About
Founded in 1995 in
millions of buyers and sellers globally on a daily basis through
the world's largest online marketplace, and PayPal, which enables
individuals and businesses to securely, easily and quickly send and
receive online payments. We also reach millions through specialized
marketplaces such as StubHub, the world's largest ticket marketplace,
and eBay Classifieds sites, which together have a presence in more than
1,000 cities around the world. For more information about the company
and our global portfolio of online brands, visit www.ebayinc.com.
Source:
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