eBay will bring its managed payments service to sellers in three new European markets next year. In the first quarter of 2021, eBay will manage payments in France, Italy and Spain. This expansion will continue to offer buyers flexibility and choice in payment methods and give sellers an easier way to manage their businesses. Managed payments eBay began managing payments
The effects of lockdown on eBay’s business
Last week eBay was seeing the effects of the lockdown on its business. eBay's marketplaces were experiencing a demand surge. However, car dealers closed and advertising slowed more widely and this hit eBay's classified advertising platforms. eBay removed or blocked more than 15 million listings in order to ensure its platforms remains safe and trusted. Some of the listings,
eBay looking to sell South Korean unit Gmarket
eBay is looking to sell its South Korean unit. This includes Gmarket, one of the largest online marketplaces in the country. A Seoul-based newspaper reports the company is looking for a $5 billion deal. The Korea Economic Daily cites an unnamed industry official. It is reported that eBay decided to sell 100% of its stake in eBay Korea. Possible buyers include South Korean
Safety test: 66% of products from non-EU shops fail
Six European consumers' associations conclude that two-thirds of products bought on non-EU online marketplaces fail safety tests. The investigated marketplaces in this extensive research are AliExpress, Amazon, eBay, LightInTheBox and Wish. For more than a year, European consumers' associations from Belgium (Test Aankoop), Denmark (Forbrugerrådet Tænk), Germany (Stiftung
Amazon and eBay account for 40% of UK e-commerce
The 2019 e-commerce market in the United Kingdom has been dominated by Amazon and eBay, according to insights from Edge by Ascential. The two e-commerce giants have a market share of 39.9%. Particularly Amazon is way ahead of all other online retailers in the UK-market. The online marketplace platform saw its e-commerce share increase in the United Kingdom. In 2018, it