EBay plans instant-buying service
" SAN FRANCISCO (Reuters) - EBay Inc. on Wednesday said it planned to offer an 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 9 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.
A year ago, broad changes in pricing for eBay auctions provoked a rebellion among a vocal minority of sellers. But eBay officials stressed that last year's increases were steeper and that U.S. business growth had nonetheless accelerated.
Overall, the changes are likely to add to earnings, Chief Financial Officer Rajiv Dutta told investors on a conference call following the company's 2005 year-end financial report.
EBay spokesman Hani Durzy said that eBay now charges 5.25 percent of the first $25 of the final sale price of an item; 2.75 percent of the next incremental $975 of value, and 1.5 percent of the incremental value above $1000 of the item. The middle tier of prices -- from $25 to $975 -- will now be charged transaction fees of 3 percent, up from 2.75 percent ..."
http://today.reuters.com/news/newsArticle.aspx?type=internetNews&storyID=2006-01-19T023403Z_01_N18239978_RTRUKOC_0_US-EBAY-PRICING.xml
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 9 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.
A year ago, broad changes in pricing for eBay auctions provoked a rebellion among a vocal minority of sellers. But eBay officials stressed that last year's increases were steeper and that U.S. business growth had nonetheless accelerated.
Overall, the changes are likely to add to earnings, Chief Financial Officer Rajiv Dutta told investors on a conference call following the company's 2005 year-end financial report.
EBay spokesman Hani Durzy said that eBay now charges 5.25 percent of the first $25 of the final sale price of an item; 2.75 percent of the next incremental $975 of value, and 1.5 percent of the incremental value above $1000 of the item. The middle tier of prices -- from $25 to $975 -- will now be charged transaction fees of 3 percent, up from 2.75 percent ..."
http://today.reuters.com/news/newsArticle.aspx?type=internetNews&storyID=2006-01-19T023403Z_01_N18239978_RTRUKOC_0_US-EBAY-PRICING.xml
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