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Maybe this is me talking nonsense, but it seems like Google isn't a company run strictly by the top and they seem to be doing quite well.


The downfall of Ebay is upon us. Ebay has been one of the greatest Internet brands and Yahoo and google two others. While google continues to amaze us Ebay seems to be heading to the path of distruction. It is a great idea bringing such a marketplace together. Bringing the maximum number of buyers and sellers to one spot guarantees the seller the largest possible audience and buyers can find anything at all that they are looking for at a market set price.

However the system is now broken and fraud is prevailing. In the early days, almost all of the Ebay users were very good Netziens, now they are the minority. Ebay makes sellers register and provide billing information. However it doesn't make buyers do the same. Now there are many buyers that bid on items and then don't follow through on transactions. People with no feedback will bid on items, something you cannot automatically restrict. The problem with this is you pay Ebay a listing fee of $15-30 wait the 7 days for your item to sell. Someone will sign up for a new user id from a free email account and have no feedback. They will bid on your item and five others trying to get the best deal. They wind up buying one of the five items or none. The problem...four sellers lost 7 days of time waiting for their item to sell, 7 days waiting to collect their money. They have spent the money on the listing fees and Fair Value Fees. Ebay then takes 30-60 days to refund that Fair Value Fee money and doesn't refund the Listing Fee Money. So not only didn't you sell your item in 1/2 a month. You lost the money it cost you to list it. Ebay is getting fat and happy and doesn't care, but the sellers are getting screwed. Either they need to fix it, or it is perfect time for a competitor to take over the market. It could easily be fixed by making buyers have to provide a credit card or paypal account with enough credit to bid. Non-paying bidders need to pay a financial penalty, it should be at a minimum the cost of the listing fees.

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