AuctionWire

Sergey, you can’t be serious. Dinging users 20 cents every time they use Google CheckOut? You are already charging them a hefty fee for using the service. Furthermore, you are also dinging users 20 cents every time they cancel an order. You can’t be serious. Even worse, merchants are charged 20 cents every time a user cancels an order - even if it is of no fault of the merchant and on plain simple errors made by users. Seriously Sergey, do you need everyone’s 20 cents? Over 10 million transactions that could add up to $2 million dollars that merchants and users are out of pocket.

By Daya Baran

Google Checkout is teaming up with Buy.com for a special promotion, giving first time customers ten dollars off their first order. Ten dollars may not seem like a big discount but couple that with the many Buy.com products that have free shipping and buyers can certainly find themselves with a deal on their hands. Items like the Bellsouth Two-Way Talk Radio, which has a list price of $39.99, costs only $10 on Buy.com and has no shipping charges. Apply Google Checkout’s $10 discount and the Bellsouth Two-Way Talk Radio costs first time customers absolutely nothing. Other items priced at $10 include the iGo Auto Power Kit for iPhone & iPod- iGo auto power adapter with power tip, two-packs of Phillips head phones, Case Logic 6 inch Flexible Tripod, and two-packs of Guard ID - ID Vault USB Password Security Dongle.

By Rhea Coffern

Bangalore (PTI): Banking on an online platform auction house, SaffronArt, closed a record sale featuring rare and significant works of Indian modern and contemporary artists registering a total sale value of around Rs 39 crore. Hosted on an innovative and interactive online platform, the auction featured the work of globally-sought painters, sculptors and installation artists, including S H Raza, Subodh Gupta, Jagdish Swaminathan and Rashid Rana. World records were set for eight artists, including Subodh Gupta, Hema Upadhyay, Badri Narayan, K M Adimoolam, Justin Ponmay, Chitra Ganesh Bose, Krishnamachari and Anita Dube.

On hindu.com

$2.98bn in sales during the first quarter. The amount of money changing hands in online auctions in China increased by more than a third in the first quarter, new research reveals. Consumer-to-consumer (C2C) auctions generated $2.98bn in sales during the first three months of the year, a quarter-on-quarter increase of 36.4 per cent, according to local research firm Analysys International. The surge in spending came despite severe weather during January, which cut power to wide areas and left hundreds of thousands stranded in railway stations and on roads throughout the country.

by Simon Burns

A REPORT on buying and selling trends on internet site eBay has thrown up a few regional surprises. People in Aberdeen forked out £1.3million on clothes in the past year - the secondhighest total in the UK. The city's residents also have a keen interest in philately, with £35,851 spent on stamp collections. And they wound up spending £7000 on cuckoo clocks, the most in Scotland. The website's eBaynomics Report 2007-8 also revealed that bagpipe merchants in Edinburgh sold almost £10,000 worth instruments, the most in Britain. Strangely, buyers in Norwich snapped up more bagpipes than anywhere else. Posh punters in Edinburgh spent a whopping £285,000 on antiques, the most in the UK, and £6700 on chandeliers.

On dailyrecord.co.uk

I received a flurry of emails today regarding a Buy.com listing on eBay. The latest accusation from members is that Buy.com is peddling porn in the comic book category, referring to item number 180258161717. eBay allows sellers to list adult items on its site, but requires sellers to put them in the "Mature Audiences" category. eBay requires members to provide credit card information or alternative verification to access the Mature Audiences section, "which helps ensure that minors are not freely accessing adult material." eBay also bars sellers from accepting PayPal for adult items.

By: Ina Steiner

LONDON, June 18 - Paul Goodridge Leaves CSR Plc for one of Europe's Largest Online Payments Providers. Moneybookers, one of Europe's largest and fastest growing online payment systems companies, is today announcing the appointment of Paul Goodridge as Chief Financial Officer. The company, which provides domestic payment options in more than 40 countries and processes over EUR10m in transactions each day, has made the strategic hire to support its aggressive targets for growth within the e-commerce industry.

So far, eBay has mainly sold technology and lifestyle products in India. It’s now banking on Pop Culture.

Mumbai: Walk the red carpet with Bollywood celebrities at the annual International Indian Film Academy (Iifa) awards.In an attempt to attract young people, and promote aggressive bidding as well as the “collectible culture” here, that’s the kind of product online auction platform eBay Inc., California, USA, is selling these days at a starting bid of Re1 on its Indian site.

Namitha Jagadeesh

LAS VEGAS, NV, Jun 26, 2008 - AmeriResource Technologies, Inc., a diversified holding company, announced today that its subsidiary, BizAuctions, Inc., a prime provider of commercial eBay liquidation services, listings posted on eBay in June 2008, increased by 67% over listings for same period in June 2007. Delmar Janovec, CEO, comments, "BizAuctions, a Titanium Powerseller, on eBay through its eBay store name: BusinessAuctions Inc, listings posted from June 1 through June 25, 2008, were 1,945 listings, an increase of 780 or approximately 67% over the corresponding period in 2007. The increase is a testament to management and staff's commitment to grow the business while providing our customers with exemplary service which is reflected in the Company's customer satisfaction rating on eBay of 99.1%, with over 23,000 positive feedbacks."

ADESA, Inc. today announced that it plans to acquire Live Global Bid, Inc. (“LGB”), a leading provider of Internet-based auction software and services, on June 30, 2008. The LGB technology allows auction houses to broadcast their auctions through simultaneous audio and video feeds to all participating Internet users from any location.

Detailed Seller Ratings, or DSR’s, are critical to eBay power sellers because they are used in determining the fee discounts that they receive. And, as of next month, those ratings will also be used in requirements for power seller status. Larry Velman, director of customer relations at Kyozou, a company that offers management, web optimization and branding services for multi-channel sellers, offered tips on how eBay sellers can achieve high DSR ratings at eBay’s annual meeting for merchants in Chicago last week.

On internetretailer.com

The Payments report displays your account's payment information. Totals are updated periodically throughout the day. To open the Payments report, click View your payments account in the Get Paid section of your Seller Account.

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