Amazon PayPhrase launched to make shopping faster and easier
Amazon has launched a new feature on their service which is designed to make shopping faster this holiday season.
Amazon PayPhrase enables the user to set up shortcuts with details on address and a credit card number. The shortcuts are accompanied with a PIN number.
Once [...]
GM to end eBay program this month
US based automaker GM has revealed that their trial program to sell vehicles online through eBay Motors would end this month.
The company said that the program has been a success and they are pretty satisfied with the experiment.
GM now plans to use the experience in improving [...]
Taobao.com aims to become a global giant!
Taobao.com is mostly known as the eBay of China.
The company has now revealed that they are aiming to have 1 billion global users shopping on the site in 10 years.
They currently serve around 25 million shoppers each day.
Interestingly, the company currently has no concrete plans [...]
Amazon.com posts impressive revenues
US based online shopping giant Amazon.com has come out with their latest revenue report and the company has managed to beat the market expectations.
Market analysts are surprised by this improved performance considering Amazon has not been playing the price game by offering massive discounts.
The company has benefited from the [...]
eBay acquires controlling stake in Gmarket
US based online auction industry giant eBay has announced that they are now acquiring a controlling stake in South Korean online retailer Gmarket.
The deal is worth around $413 million which comes to a premium of 32.5 percent at current market price of the company.
With this, eBay gets to become [...]
Amazon.com boost profits
Online retailing giant Amazon.com has come out with their latest quarterly report and the company has managed to double their second-quarter profit.
With this, the company has easily managed to exceed the market’s expectations.
The company said that their earnings in the period were $158 million, or 37 cents per share. This is very impressive [...]
eBay told to pay fines of 40 million Euros for fake goods sold online
A French court has now ordered the online shopping giant eBay to pay Euro 40 million in damages to luxury goods group LVMH.
eBay was found guilty of allowing sellers on their services to sell fake copies of the company’s products.
LVMH had claimed [...]
eBay boosts PayPal related protection for buyers and sellers
Online auction service eBay has announced that they are adding new security features to their PayPal service to boost customer confidence.
The company said that buyers who pay for items with PayPal will be eligible for full refunds in case the seller fails to deliver the goods.
There [...]
eBay now cutting fees to list products on the service
eBay has announced that they are now cutting the fees they charge from their members to list items on the web service.
The aim is to enhance their competition against emerging competition from services from Google and classified services like Craigslist.
John Donahoe spoke about this new announcement: [...]
Amazon.com to support Bill Me Later payment option
Online retailing giant Amazon.com has announced that they are now going to support Bill Me Later’s non-credit card payment service.
They are also planning to make an equity investment in this company.
Bill Me Later is essentially an online credit company which enables the customer to pay for an item [...]
