• Most Popular
  • Most Shared

EBay strikes deal with Web retailer Buy.com -NYT

Mon Jul 14, 2008 1:56am EDT

Stocks

   

July 14 (Reuters) - EBay Inc (EBAY.O) has struck a deal with Web retailer Buy.com allowing it to sell millions of books, DVDs, electronics and other items on the online auction website without paying the full complement of eBay fees, the New York Times said.

Stocks  |  Global Markets

The move is an attempt by eBay to lure consumers, who are now showing more interest in fixed-price listings than online auctions, the paper said.

The Buy.com deal has added over 5 million fixed-price listings to eBay.com since the beginning of 2008 for items ranging from Xbox 360 video game consoles to Weber grills, the newspaper said on its website.

The change, one of several under eBay's new chief John Donahoe, has upset several smaller sellers.

Since eBay's search listings favor larger sellers who can add perks like free shipping, which improve their feedback ratings, Buy.com's presence has hurt many smaller sellers that compete in those product categories, the paper said.

The deal will fill gaps in its eBay's product offerings while making shopping more predictable, the online auction website told the paper.

Details of eBay's deal with Buy.com are being kept private, though it appears from the sheer number of Buy.com listings flooding the site that Buy.com is not paying listing fees, the Times said.

EBay was not immediately available for comment. (Reporting by Dhanya Skariachan in Bangalore; Editing by Quentin Bryar)

Stocks
Global Markets


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets