1) Plans to raise how much it charges on the final value of auction purchases by 0.25 percentage point, and will raise fees for reserve listings above $200. It also plans to begin charging a fee for its "Buy It Now" feature
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QUOTE
EBay Plans to Raise Auction Fees
January 17, 2002
SAN JOSE, Calif. -- eBay Inc. told users Thursday that it plans to raise fees for its online auction services and will begin charging for certain buying options.
Shares of eBay gained $1.76 to $61.70 in midday trading Thursday on the Nasdaq Stock Market.
The moves come two days after eBay (EBAY) said fourth-quarter revenue soared 64%. The company also raised its sales forecast for the first half of this year and reaffirmed its first-half profit projection. The company said its U.S. and international businesses were strong.
eBay said it plans to raise how much it charges on the final value of auction purchases by 0.25 percentage point, and will raise fees for reserve listings above $200. It also plans to begin charging a fee for its "Buy It Now" feature. "Buy It Now" is an option on eBay auctions that appears at the seller's discretion. About 45% of all eBay sellers make Buy It Now available on their auctions, the company said.
Overall, fixed-price shopping -- available at half.com site, eBay Stores and as Buy It Now -- grew to 19% of eBay's fourth-quarter gross merchandise sales -- the total value of all goods sold through eBay.
January 17, 2002
SAN JOSE, Calif. -- eBay Inc. told users Thursday that it plans to raise fees for its online auction services and will begin charging for certain buying options.
Shares of eBay gained $1.76 to $61.70 in midday trading Thursday on the Nasdaq Stock Market.
The moves come two days after eBay (EBAY) said fourth-quarter revenue soared 64%. The company also raised its sales forecast for the first half of this year and reaffirmed its first-half profit projection. The company said its U.S. and international businesses were strong.
eBay said it plans to raise how much it charges on the final value of auction purchases by 0.25 percentage point, and will raise fees for reserve listings above $200. It also plans to begin charging a fee for its "Buy It Now" feature. "Buy It Now" is an option on eBay auctions that appears at the seller's discretion. About 45% of all eBay sellers make Buy It Now available on their auctions, the company said.
Overall, fixed-price shopping -- available at half.com site, eBay Stores and as Buy It Now -- grew to 19% of eBay's fourth-quarter gross merchandise sales -- the total value of all goods sold through eBay.