eBay is reinventing itself from online flea market to outlet mall. One of the company`s top executives today invited major merchants to take advantage of eBay`s new focus on making itself the leading e-commerce site for selling excess and out-of-season inventory.
“eBay is moving upmarket,” Stephanie Tilenius, senior vice president and general manager of eBay North [...]
BARCELONA (Dow Jones)–E-commerce giant eBay Inc. (EBAY) expects its Internet-telephony business to be valued at more than $2 billion in its planned initial public offering, the auction site’s chief executive, John Donahoe, said Wednesday.
Analysts have pegged the value of Skype at roughly $2 billion, and Donahoe, who was responding to a question on the sidelines [...]
A security flaw in the online payment service PayPal means sensitive information is at risk and customers could lose control of their accounts, according to an Auckland software developer.
Ewart MacLucas says the flaw means customers who have not registered a credit card or bank account to their PayPal account need only supply a street address [...]
Close to half (45%) of online shoppers have abandoned their carts multiple times in the past three weeks due to high shipping costs, security concerns and lack of convenience, according to a new survey released by PayPal and conducted by comScore.
High shipping costs was the most commonly given reason for cart abandonment with the average [...]
An in-depth investigation by an Australian retiree has revealed that fake bids are “running rampant” on eBay, forcing users to pay inflated prices for items on the auction site.
Philip Cohen, 69, from Brighton-Le-Sands in Sydney, found several instances of shill bidding – where phoney eBay accounts are used to bid up the price of items [...]
The internet is the hottest new way for the average person to get rich leveraging the web in the shortest time possible. It’s amazing what an auction…basically a form of competition does to people and their buying processes. An ordinary gadget that would sit on the shelf at a local thrift shop for years at [...]
Learn eBay’s policies for PowerSeller status.
Policies are always subject to change, but PowerSeller rules have been fairly stable for a few years. To become a PowerSeller you must:
PayPal have published the results of their second annual Checkout Abandonment Survey, looking at why website buyers don’t complete purchases. Just like last year’s survey, an excessive shipping fee was the number one reason for shoppers walking away. It’s clear that if sellers are able to offer shipping-inclusive prices, this is something that buyers like, [...]