EBay strikes deal with Web retailer Buy.com

Sights

EBay Inc has struck a deal with Web retailer Buy.com allowing it to sell millions of books, DVDs, electronics and other items on the online auction website without paying the full complement of eBay fees, the New York Times said.

The move is an attempt by eBay to lure consumers, who are now showing more interest in fixed-price listings than online auctions, the paper said.

The Buy.com deal has added over 5 million fixed-price listings to eBay.com since the beginning of 2008 for items ranging from Xbox 360 video game consoles to Weber grills, the newspaper said on its website. The change, one of several under eBay’s new chief John Donahoe, has upset several smaller sellers.

Since eBay’s search listings favor larger sellers who can add perks like free shipping, which improve their feedback ratings, Buy.com’s presence has hurt many smaller sellers that compete in those product categories, the paper said. The deal will fill gaps in its eBay’s product offerings while making shopping more predictable, the online auction website told the paper.

Details of eBay’s deal with Buy.com are being kept private, though it appears from the sheer number of Buy.com listings flooding the site that Buy.com is not paying listing fees, the Times said. EBay was not immediately available for comment. (Reuters)

ADVERTISEMENT

Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.