- Aug 24, 2001
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From cnet.com
Already a success, eBay is looking to make even more money.
Two days after posting record earnings and revenue, the San Jose, Calif.-based online auction company announced that it is raising fees, some by as much as 100 percent. Additionally, the company will begin charging for its popular "buy it now" feature and will change the way it calculates fees on Dutch auctions, where sellers offer multiple quantities of the same item in one auction. The new fees will go into effect Jan. 31.
"We recognize that price increases directly impact our users, so we do not raise fees lightly or without considering the impact to our community," the company said in a note to its consumers. "These increases will help us continue to build a vibrant marketplace by allowing us to invest heavily in technology, marketing and customer support, making it possible for millions of people to discover and use eBay."
More details to follow.
Already a success, eBay is looking to make even more money.
Two days after posting record earnings and revenue, the San Jose, Calif.-based online auction company announced that it is raising fees, some by as much as 100 percent. Additionally, the company will begin charging for its popular "buy it now" feature and will change the way it calculates fees on Dutch auctions, where sellers offer multiple quantities of the same item in one auction. The new fees will go into effect Jan. 31.
"We recognize that price increases directly impact our users, so we do not raise fees lightly or without considering the impact to our community," the company said in a note to its consumers. "These increases will help us continue to build a vibrant marketplace by allowing us to invest heavily in technology, marketing and customer support, making it possible for millions of people to discover and use eBay."
More details to follow.
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