Boston, MA 11/26/2013 (wallstreetpr) – eBay Inc (NASDAQ:EBAY) is the trend-setter when it comes to online retailing. The company is better known as the “hottest auction site’ which has almost everything for everyone from technical products to household items. The online auction channel company also operates the world’s most popular payment service PayPal. This payment service allows customers to pay for goods online and in brick and mortar stores without necessarily owning a credit card.
Lately eBay Inc (NASDAQ:EBAY) has been taking pursuit of revenue and competition too far. First, the company stated that it was considering adding more currencies to the number that it also accepts. Very close to EBAY cards is Bitcoin. Other than currencies, the company is also making tweaks into its retail services ahead of the holiday seasons and into the future.
The ecommerce company is moving to change the retail landscape by offering fast delivery and free shipment. The company is also increasing driving down the cost of items which it sells to attract even bigger traffic to its auction platform.
Today shoppers are increasing seeking speedy delivery and at no or low shipping cost. This present opportunity for eBay Inc (NASDAQ:EBAY) and other ecommerce platforms like Amazon which boast vast logistic network and retailer partnership to put pressure on rivals while driving up their sales.
Fast, Free and Cheap criticized on sustainability grounds
While seeking to lower cost and make same-day delivery may seem very unreasonable business approaches especially looked on long-term, the growing competition in ecommerce industry warrant every effort to go for every cent of the dollar.
Big players like EBAY understand that offering same-day delivery at no extra cost and eliminating shipping costs is something that most its competitors cannot afford to promise customers. It is thus clear that the world’s pioneer auction site eBay Inc (NASDAQ:EBAY) is flexing its financial muscles in a soft way to give value to investors this festive season and ward off competition moving into the future.
