eBay Scraps Transaction Fees in China

Posted by ScuttleMonkey on Sunday January 22, 2006 @07:15AM 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."

2 of 133 comments (clear)

Min score:

Reason:

Sort:

Well that's the last straw... by Anonymous Coward · 2006-01-22 07:37 · Score: -1, Offtopic

Goodbye american economy!

w00t!

We should have collapsed years ago. We're nothing but a bunch of materialisitic fatties whose jobs DESERVE to be offshored to

hardworking, non complaining, efficient brown people.
Fir5t by Anonymous Coward · 2006-01-22 13:40 · Score: -1, Offtopic

Distro is 3o9ne Here