eBay Inc (EBAY) Ties Up With Logistic Startup

eBay Inc (NASDAQ:EBAY) disclosed that it was expanding its tie up with Shyp, a logistics startup, to help the customers mail out their stuff without a hassle. The online auctioneer is trying to address an issue that the people find it difficult to spend time listing items of old stuff. The company is also trying to remove the problems faced in finding the right box before handing over the post office locally to ship the items meant for selling through the platform.

Easy Process For Small-Time Sellers

eBay Inc (NASDAQ:EBAY) believes that its expanding ties would make the process easy for small-time sellers. The company said that for those selling the items for the first time on the auction platform; it might be a complicated exercise. Even for those who knew how to do it, the process was a bit of a pain in respect of shipping, according to its consumer’s head for selling in North America, Vincent Payen.

The online auctioneer said that the sellers in Los Angeles, San Francisco, Chicago, and New York can use Shyp’s mobile app now to get a courier service come to the place within twenty minutes to take up a maximum of 20 sold items. The startup logistics firm would then package it and ship every item. The company said that the charges involved $5 per pick up.

Waiver until June

However, eBay Inc (NASDAQ:EBAY) said that it would waive the service charges for its users until June 30 current year. The current alliance is a follow up to a program launched in 2014 by the company, i.e. eBay Valet. That enabled users to send their stuff to experienced sellers to list the items and then ship them. The competition has also forced the online auctioneer to simplify the process as it faced the threat of losing business to a number of startups like LetGo, OfferUp, and Poshmark.

In December, both eBay Inc (NASDAQ:EBAY) and Shyp agreed to work together for a pilot program in three locations. They have avoided in promoting the efforts even as they were trying to work out the kinks in the service. Once they found that shipping stuff was annoying the sellers, both agreed to expand their tie up.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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