EBay unveils instant-purchase service

eBay unveils instant-purchase service

INTERNET BUSINESS NEWS-(C)1995-2006 M2 COMMUNICATIONS LTD

An instant-purchase service called eBay Express is to be introduced by online auction company eBay Inc in 2Q 2006 to complement its auction listings and put eBay in direct competition with traditional e-commerce retailers.

eBay Express will enable buyers to add multiple items to an online shopping cart and pay for the whole order in one go, as with online stores such as Amazon.com Inc. While eBay Express will only offer goods and services at fixed prices, sellers will be able to list items for outright purchase and for auction.

The new service is intended to increase the variety of products available to eBay’s buyers and will be available to eBay sellers with strong buyer ratings. It is intended to complement the current ‘fixed price’ listings, ‘buy it now’ options and eBay Stores and will initially be available to US sellers.

In addition, eBay plans to increase the transaction fee payable by 9% on the value of goods between USD25 and USD975, applying initially to US listings only. The company also plans to reduce prices on low-priced items and other features offered to sellers and said the changes are expected to add to earnings.

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