EBay plans instant-buying service

Filed under: — By Aviran Mordo @ 9:38 pm

EBay Inc. on Wednesday said it had unveiled a new instant-purchase service to supplement its bid-and-wait online auctions, pitting the company directly against conventional e-commerce retailers.

Bill Cobb, president of eBay North America, said in a memo to eBay users on Wednesday that the new service — to be called eBay Express when launched this spring — aims to broaden the range of products shoppers can expect to buy on eBay.

EBay also disclosed changes to the fees it charges in the United States for listing items on eBay.com, raising by around 8 percent the percentage transaction fee that it charges on the value of goods between $25 and $975 in value. It said it would cut prices on low-priced items and other seller features.

Source: Reuters


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