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eBay Scraps Transaction Fees in China

Posted by ScuttleMonkey on from the capitalism-at-its-finest dept.

PlayCleverFully writes "The US online auction service eBay scrapped all sellers' transaction fees in China, in an effort to compete with local competitors offering free services, including Yahoo-invested Alibaba.com. The online auctioneer announced the changes on its China auction website, saying transaction fees would be waived, but small fees would continue to be charged for listing products on the site's webspace and for "feature" products. eBay's China unit, Eachnet, would also require all sellers to provide authorized online payment mechanisms to improve its credit environment, including PayPal and other escrow services, the announcement said. The move means that sellers won't get paid until the buyers receive and are satisfied with the products, it said."

6 of 133 comments (clear)

  1. Moving time! by DaHat · · Score: 4, Funny

    Screw all of this talk about moving to Canada or Europe... sounds like China is now the place to live... except for that whole... oppression of unfavorable speech and blocking of websites.

    --
    Help Brendan pay off his student loans
    1. Re:Moving time! by operagost · · Score: 3, Funny

      Being allowed to move millions of people to build a dam or host an Olympics without the consent of the governed does wonders for the GDP!

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
  2. All the time our customers ask us, How do we make by Spazntwich · · Score: 2, Funny

    money doing this? The answer is simple: volume.

  3. Re:The 21st century will belong to China. by A+beautiful+mind · · Score: 1, Funny

    "and soon enough there'll be yet another switch."

    The scientific basis and accuracy of your predictions are amazing.

    If you turn out to be right, can I call you NostCyricZamus? ;)

    --
    It takes a man to suffer ignorance and smile
    Be yourself no matter what they say
  4. Fortunately for EBay by ztucker · · Score: 4, Funny

    In an unrelated move, the Ebay subsidiary PayPal tripled its "seller protection fees" for as yet undisclosed reasons

  5. Re:Bootleg Central by mochan_s · · Score: 2, Funny

    Really? That's outrageous.

    On an unrelated note, I needed to purcahse a few DVDs. **click click** ebay.com