eBay Inc. (Nasdaq: EBAY), the world’s largest online marketplace connecting 90 million active buyers and sellers, today announced free auction listings and dramatically reduced listing fees for fixed-priced items sold to buyers in the United States, making selling on eBay.com simpler than ever for sellers of all sizes. The pricing changes, which take effect March 30, more closely align eBay’s success with its sellers, dramatically lowering – and even eliminating – the upfront costs of selling on eBay.
“Free—and practically free—is great news for anyone wanting to earn extra cash or build a business on eBay,” said Lorrie Norrington, president of eBay Marketplaces. “Our new success-based pricing makes eBay more attractive and competitive than ever. We are focused on helping sellers win and giving buyers the best deals online. So whether you want to turn the stuff in your garage into vacation money, become an eBay entrepreneur or scale your business, we are there for you with selling formats, tools and pricing that offer choice and opportunity.”
Beginning March 30, eBay will offer two pricing packages sold to buyers in the United States:
For sellers who list items occasionally, new “eBay Everyday” rates. Auction-style listings with a start price of 99 cents or less will be free (with no insertion fees for up to 100 listings per month). When an item sells, the seller will pay a flat final value fee of 9 percent of the sale price – and never more than $50. If an item doesn’t sell, the seller pays nothing. Auction listings typically are the ideal format for people who sell occasionally on eBay. Regardless of item or price, auction listings offer maximum search exposure based on time-ending-soonest auction-based search results, and the format helps sellers with occasional listings get the best value.
For sellers who list often, new “eBay Stores” subscription rates offer insertion fees as low as 3 cents per listing for 30 days—a 90 percent reduction over current rates. Larger volume sellers with this “3-cent store” premium rate can move thousands of items at high velocity with full search exposure. Subscription rates offer basic, anchor and premium store pricing options, depending on the size of a seller’s business.
With the new pricing a seller with 250 listings per month would save $80 or $960 a year in insertion fees. In addition, with these changes eBay’s current store inventory format will be discontinued and will no longer have separate search functionality from core fixed-price listings. With the new eBay Stores rate package, all fixed priced inventory on eBay will have exposure through eBay’s main search functionality, increasing visibility for sellers and improving the search experience for buyers.
Sellers who want to determine which pricing option will work best for their listings when the changes take place in March can use eBay’s Fee Illustrator: http://pages.ebay.com/sellerinformation/news/FeeIllustrator2010.html.
Along with the simplified pricing changes, eBay announced that, effective today, it is expanding to all buyers its eBay Buyer Protection program, which the company has been piloting over the past year. eBay Buyer Protection adds an unprecedented level of customer support and trust to the world’s largest online marketplace. Along with eBay’s Top-rated seller program, which was introduced in October 2009 and helps buyers easily identify sellers who consistently provide great service (as rated by other buyers), eBay Buyer Protection offers buyers even greater confidence that when they buy on eBay, they’ll be covered.
Through eBay Buyer Protection, buyers will have access to customer support specialists seven days a week, as well as a money-back offer for most purchases should a problem arise and the seller is unable to resolve the issue. eBay Buyer Protection covers items paid with PayPal or any other approved payment method. This program, along with Vehicle Protection Program and Business Equipment Protection Program, covers almost every item purchased on eBay.com. Customers can see the specific coverage for an item on the “view item” page or can read more at http://pages.ebay.com/coverage/index.html.
“We’ve made enormous progress in creating a great customer experience on eBay.com,” said Norrington. “Buyers already benefit from the highest quality service offered by our Top-rated sellers. With eBay Buyer Protection, customers can shop with confidence as they take advantage of the great deals and selection eBay sellers offer. We’ve now got you covered on eBay every day.”
About eBay Inc.
Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ:EBAY) connects millions of buyers and sellers globally on a daily basis through eBay, the world's largest online marketplace, and PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments. We also reach millions through specialized marketplaces such as StubHub, the world's largest ticket marketplace, and eBay Classifieds sites, which together have a presence in more than 1,000 cities around the world. For more information about the company and our global portfolio of online brands, visit www.ebayinc.com.
Saturday, January 30, 2010
VocaLink buys out joint venture partner in OneVu
VocaLink, the international payment transaction specialist, today announced that it has bought out its joint venture partner, Fiserv, to become the sole owner of OneVu, the consolidated electronic bill and data presentment service. Miles Quitmann, OneVu’s Managing Director has taken the decision to leave the company at the end of January to pursue new opportunities. Fred Bar, Managing Director Euro Services will take functional responsibility for OneVu and complete the integration into VocaLink’s service portfolio.
OneVu is a critical online banking service for many of the UK’s leading corporates and banks including Lloyds Banking Group and The Royal Bank of Scotland. OneVu already has 280 million bills under management and is supporting its corporate customers in their move away from costly paper bills, reducing their impact on the environment. By consolidating a number of online bills, UK consumers can benefit from reduced prices and the convenience of having a number of household bills in one secure place.
Marion King, Chief Executive Officer at VocaLink, commented “By integrating OneVu into VocaLink we can deliver greater efficiency to our banking customers and expand our retail service. VocaLink is well placed to help OneVu grow and launch new services that benefit both corporates and consumers. I would like to take this opportunity to thank Miles for his considerable contribution in leading OneVu and successfully building the customer base and service portfolio.“
OneVu is a critical online banking service for many of the UK’s leading corporates and banks including Lloyds Banking Group and The Royal Bank of Scotland. OneVu already has 280 million bills under management and is supporting its corporate customers in their move away from costly paper bills, reducing their impact on the environment. By consolidating a number of online bills, UK consumers can benefit from reduced prices and the convenience of having a number of household bills in one secure place.
Marion King, Chief Executive Officer at VocaLink, commented “By integrating OneVu into VocaLink we can deliver greater efficiency to our banking customers and expand our retail service. VocaLink is well placed to help OneVu grow and launch new services that benefit both corporates and consumers. I would like to take this opportunity to thank Miles for his considerable contribution in leading OneVu and successfully building the customer base and service portfolio.“
Friday, January 29, 2010
KTC’s online community flourishes and invites the fan page to find “KTC Travel Master” the best travel webmasters for travel-bound.
Mr. Staporn Sirisinha, Senior Executive Vice President - Leisure Marketing Department, “KTC” or Krungthai Card Public Company Limited, said “Our online travel community KTC World website has been very successful. So far more than 15,000 people have signed up as members. To celebrate the third anniversary of our travel portal site, we have decided to introduce our latest campaign titled “KTC Travel Master” to identify two travel-bound webmasters –one male, one female— from candidates who pitch their stories to online community members via www.ktcworld.co.th. The two webmasters with greatest number of votes will be presented with travel package to the destination of their choosing worth over 200,000 Baht each.
Recently, KTC already selected 12 candidates –six males, six females- finalists. Members of the online community and the general public can vote for their favorite webmaster from now until February 14th, 2010 at www.ktcworld.co.th. One person may vote twice. Results will be announced on February 19th, 2010 at www.ktc.co.th.
Recently, KTC already selected 12 candidates –six males, six females- finalists. Members of the online community and the general public can vote for their favorite webmaster from now until February 14th, 2010 at www.ktcworld.co.th. One person may vote twice. Results will be announced on February 19th, 2010 at www.ktc.co.th.
Sunday, January 24, 2010
PayPal Goes Mobile PayPal Users Can Now Send Money[i]or Check Their Accounts On The Go
PayPal announced today that its new mobile application is now available to mobile users in APAC. iPhone, Blackberry and Android phone users can download the PayPal application for free via the respective app stores. Users of other mobile handsets can access it via their WAP browser.
The PayPal mobile application allows users to quickly and securely send money for personal payments such as paying back money owed to a friend or splitting the cost of a dinner bill, etc. PayPal members can also check their account balances and view their past transaction history whilst on the go. To ensure mobile payments remain secure, each transaction is confirmed by a password.
Additionally, to celebrate the launch of this new service, PayPal is offering a 10 percent rebate on purchases made via PayPal mobile at this year’s Singapore Tat2 Show (http://www.tattoo.com.sg/). Attendees who pay for their tattoo using PayPal via their mobile phone at the show can qualify for the rebate.
“Consumers today want fast, secure and convenient methods of conducting their online financial transactions,” said Rahul Shinghal, Regional Mobile Manager for PayPal Asia Pacific. “With a mobile penetration rate of 131 percent[ii], it is clearly evident that the mobile phone is an essential part of daily life here in Singapore. PayPal’s availability on the mobile is a natural development for us as we strive to provide our users here with the most convenient and secure online transaction experience available. With PayPal’s new mobile application, users can now securely manage their money online and send money for payments quickly, both locally and around the world.”
The PayPal mobile application is free to download at:
BlackBerry App World: www.blackberry.com/appworld
iPhone: www.apple.com/iphone/apps-for-iphone
Other phones: m.paypal.com/sg
For more information on PayPal mobile, please visit https://www.paypal.com/sg/cgi-bin/webscr cmd=xpt/Marketing/mobile/MobileiPhone-outside
PayPal is a leader in safer online payments with more than 78 million active accounts[iii] in 190 markets around the world. This global reach, paired with the growth of mobile phone penetration, will enable a safer and easy way to send mobile payments. Users can send personal payments to anyone in their contact list, eliminating the need to remember email addresses and phone numbers. Users can also check their recent history and account balance directly from their mobile device.
About PayPal
PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without disclosing financial information, with the flexibility to pay using their account balances and credit cards. With more than 78 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce. The company's open payment platform, PayPal X, allows developers to build innovative payment applications on multiple platforms and devices.
In the U.S., PayPal is the most preferred payment service on the Web after Visa. In the UK and Australia, PayPal is the most preferred payment service on the Web[iv].
PayPal’s Total Payment Volume, the total value of transactions in 2008 represented nearly 9 percent of global e-commerce[v].
PayPal is headquartered in San Jose, California. Its international headquarters (PayPal Pte. Ltd.), is located in Singapore.
PayPal is an eBay company. More information about the company can be found at www.paypal.com/sg
Consumer advisory - PayPal Pte. Ltd., the holder of PayPal's stored value facility, does not require the approval of the Monetary Authority of Singapore. Users are advised to read the terms and conditions available at www.paypal.com/sg carefully before use.
The PayPal mobile application allows users to quickly and securely send money for personal payments such as paying back money owed to a friend or splitting the cost of a dinner bill, etc. PayPal members can also check their account balances and view their past transaction history whilst on the go. To ensure mobile payments remain secure, each transaction is confirmed by a password.
Additionally, to celebrate the launch of this new service, PayPal is offering a 10 percent rebate on purchases made via PayPal mobile at this year’s Singapore Tat2 Show (http://www.tattoo.com.sg/). Attendees who pay for their tattoo using PayPal via their mobile phone at the show can qualify for the rebate.
“Consumers today want fast, secure and convenient methods of conducting their online financial transactions,” said Rahul Shinghal, Regional Mobile Manager for PayPal Asia Pacific. “With a mobile penetration rate of 131 percent[ii], it is clearly evident that the mobile phone is an essential part of daily life here in Singapore. PayPal’s availability on the mobile is a natural development for us as we strive to provide our users here with the most convenient and secure online transaction experience available. With PayPal’s new mobile application, users can now securely manage their money online and send money for payments quickly, both locally and around the world.”
The PayPal mobile application is free to download at:
BlackBerry App World: www.blackberry.com/appworld
iPhone: www.apple.com/iphone/apps-for-iphone
Other phones: m.paypal.com/sg
For more information on PayPal mobile, please visit https://www.paypal.com/sg/cgi-bin/webscr cmd=xpt/Marketing/mobile/MobileiPhone-outside
PayPal is a leader in safer online payments with more than 78 million active accounts[iii] in 190 markets around the world. This global reach, paired with the growth of mobile phone penetration, will enable a safer and easy way to send mobile payments. Users can send personal payments to anyone in their contact list, eliminating the need to remember email addresses and phone numbers. Users can also check their recent history and account balance directly from their mobile device.
About PayPal
PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without disclosing financial information, with the flexibility to pay using their account balances and credit cards. With more than 78 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce. The company's open payment platform, PayPal X, allows developers to build innovative payment applications on multiple platforms and devices.
In the U.S., PayPal is the most preferred payment service on the Web after Visa. In the UK and Australia, PayPal is the most preferred payment service on the Web[iv].
PayPal’s Total Payment Volume, the total value of transactions in 2008 represented nearly 9 percent of global e-commerce[v].
PayPal is headquartered in San Jose, California. Its international headquarters (PayPal Pte. Ltd.), is located in Singapore.
PayPal is an eBay company. More information about the company can be found at www.paypal.com/sg
Consumer advisory - PayPal Pte. Ltd., the holder of PayPal's stored value facility, does not require the approval of the Monetary Authority of Singapore. Users are advised to read the terms and conditions available at www.paypal.com/sg carefully before use.
eBay Community Gives Record $50 Million to Nonprofits in 2009
In a year that brought decreases in consumer spending globally, eBay (Nasdaq: EBAY) buyers and sellers rallied to raise a record $50 million for U.S. and U.K. nonprofit organizations so far in 2009. eBay Giving Works, eBay’s marquee online fundraising program that allows individuals to donate while using eBay, has enabled users to contribute more than $162 million to their favorite causes since 2003. The program, called eBay for Charity in the U.K., has provided a new online fundraising channel to more than 21,000 organizations, from small, community-based parent-teacher associations and animal rescues to nationally recognized nonprofits like Susan G. Komen for the Cure, Oxfam, and St. Jude Children's Research Hospital.
“The eBay community has proven time and again that small actions, when brought to scale, can have a big impact,” said eBay Inc. CEO John Donahoe. “It’s what makes the eBay marketplace so unique, and what enables our community to do good things for causes they believe in. I want to thank every single buyer and seller who connected through eBay and gave back to their communities through eBay Giving Works. Your generosity this year, especially in such a tough economy, isn’t just impressive – it’s inspiring. We’re looking forward to helping you do even more good next year.”
Top donors like eBay Top Rated Seller Elizabeth Bennett have been able to use the program to donate thousands to causes that they believe in; 10 percent of the final sale price of goods bought on her eBay store, Africa Direct, goes to charity. To date, Bennett has raised nearly $40,000 for charity through the eBay Giving Works program.
eBay Giving Works enables eBay users to support their favorite causes whenever they buy and sell. Every minute, over $91 is raised for good causes on eBay. Eight nonprofits in the U.S. have raised more than $1 million with eBay Giving Works. The most money raised for charity from a single listing on eBay was $2.1 million in 2008, for a power lunch with Warren Buffett benefiting the Glide Foundation. The same auction in 2009 went for $1.68 million. In November and December of 2009, eBay Inc. matched $230,000 in funds that were committed via Give at Checkout.
About eBay
Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ:EBAY) connects millions of buyers and sellers globally on a daily basis through eBay, the world's largest online marketplace, and PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments. We also reach millions through specialized marketplaces such as StubHub, the world's largest ticket marketplace, and eBay Classifieds sites, which together have a presence in more than 1,000 cities around the world. For more information about the company and our global portfolio of online brands, visit www.ebayinc.com.
“The eBay community has proven time and again that small actions, when brought to scale, can have a big impact,” said eBay Inc. CEO John Donahoe. “It’s what makes the eBay marketplace so unique, and what enables our community to do good things for causes they believe in. I want to thank every single buyer and seller who connected through eBay and gave back to their communities through eBay Giving Works. Your generosity this year, especially in such a tough economy, isn’t just impressive – it’s inspiring. We’re looking forward to helping you do even more good next year.”
Top donors like eBay Top Rated Seller Elizabeth Bennett have been able to use the program to donate thousands to causes that they believe in; 10 percent of the final sale price of goods bought on her eBay store, Africa Direct, goes to charity. To date, Bennett has raised nearly $40,000 for charity through the eBay Giving Works program.
eBay Giving Works enables eBay users to support their favorite causes whenever they buy and sell. Every minute, over $91 is raised for good causes on eBay. Eight nonprofits in the U.S. have raised more than $1 million with eBay Giving Works. The most money raised for charity from a single listing on eBay was $2.1 million in 2008, for a power lunch with Warren Buffett benefiting the Glide Foundation. The same auction in 2009 went for $1.68 million. In November and December of 2009, eBay Inc. matched $230,000 in funds that were committed via Give at Checkout.
About eBay
Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ:EBAY) connects millions of buyers and sellers globally on a daily basis through eBay, the world's largest online marketplace, and PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments. We also reach millions through specialized marketplaces such as StubHub, the world's largest ticket marketplace, and eBay Classifieds sites, which together have a presence in more than 1,000 cities around the world. For more information about the company and our global portfolio of online brands, visit www.ebayinc.com.
Sunday, January 17, 2010
eBay Community Gives Record $50 Million to Nonprofits in 2009
In a year that brought decreases in consumer spending globally, eBay (Nasdaq: EBAY) buyers and sellers rallied to raise a record $50 million for U.S. and U.K. nonprofit organizations so far in 2009. eBay Giving Works, eBay’s marquee online fundraising program that allows individuals to donate while using eBay, has enabled users to contribute more than $162 million to their favorite causes since 2003. The program, called eBay for Charity in the U.K., has provided a new online fundraising channel to more than 21,000 organizations, from small, community-based parent-teacher associations and animal rescues to nationally recognized nonprofits like Susan G. Komen for the Cure, Oxfam, and St. Jude Children's Research Hospital.
“The eBay community has proven time and again that small actions, when brought to scale, can have a big impact,” said eBay Inc. CEO John Donahoe. “It’s what makes the eBay marketplace so unique, and what enables our community to do good things for causes they believe in. I want to thank every single buyer and seller who connected through eBay and gave back to their communities through eBay Giving Works. Your generosity this year, especially in such a tough economy, isn’t just impressive – it’s inspiring. We’re looking forward to helping you do even more good next year.”
Top donors like eBay Top Rated Seller Elizabeth Bennett have been able to use the program to donate thousands to causes that they believe in; 10 percent of the final sale price of goods bought on her eBay store, Africa Direct, goes to charity. To date, Bennett has raised nearly $40,000 for charity through the eBay Giving Works program.
eBay Giving Works enables eBay users to support their favorite causes whenever they buy and sell. Every minute, over $91 is raised for good causes on eBay. Eight nonprofits in the U.S. have raised more than $1 million with eBay Giving Works. The most money raised for charity from a single listing on eBay was $2.1 million in 2008, for a power lunch with Warren Buffett benefiting the Glide Foundation. The same auction in 2009 went for $1.68 million. In November and December of 2009, eBay Inc. matched $230,000 in funds that were committed via Give at Checkout.
About eBay
Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ:EBAY) connects millions of buyers and sellers globally on a daily basis through eBay, the world's largest online marketplace, and PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments. We also reach millions through specialized marketplaces such as StubHub, the world's largest ticket marketplace, and eBay Classifieds sites, which together have a presence in more than 1,000 cities around the world. For more information about the company and our global portfolio of online brands, visit www.ebayinc.com.
“The eBay community has proven time and again that small actions, when brought to scale, can have a big impact,” said eBay Inc. CEO John Donahoe. “It’s what makes the eBay marketplace so unique, and what enables our community to do good things for causes they believe in. I want to thank every single buyer and seller who connected through eBay and gave back to their communities through eBay Giving Works. Your generosity this year, especially in such a tough economy, isn’t just impressive – it’s inspiring. We’re looking forward to helping you do even more good next year.”
Top donors like eBay Top Rated Seller Elizabeth Bennett have been able to use the program to donate thousands to causes that they believe in; 10 percent of the final sale price of goods bought on her eBay store, Africa Direct, goes to charity. To date, Bennett has raised nearly $40,000 for charity through the eBay Giving Works program.
eBay Giving Works enables eBay users to support their favorite causes whenever they buy and sell. Every minute, over $91 is raised for good causes on eBay. Eight nonprofits in the U.S. have raised more than $1 million with eBay Giving Works. The most money raised for charity from a single listing on eBay was $2.1 million in 2008, for a power lunch with Warren Buffett benefiting the Glide Foundation. The same auction in 2009 went for $1.68 million. In November and December of 2009, eBay Inc. matched $230,000 in funds that were committed via Give at Checkout.
About eBay
Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ:EBAY) connects millions of buyers and sellers globally on a daily basis through eBay, the world's largest online marketplace, and PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments. We also reach millions through specialized marketplaces such as StubHub, the world's largest ticket marketplace, and eBay Classifieds sites, which together have a presence in more than 1,000 cities around the world. For more information about the company and our global portfolio of online brands, visit www.ebayinc.com.
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