EBay Inc (NASDAQ:EBAY) Offering Free Shipping To Its Customers
EBay Inc (NASDAQ:EBAY) is taking an aggressive stance in its competition with Amazon. It has ventured into the activity of handling online orders for brands and retailers and the holiday season that is right round the corner is the perfect time to launch anything new.
Very recently, eBay Inc (NASDAQ:EBAY) and PayPal started offering shipping free for 2 days when shoppers use PayPal to make online purchases at Dick’s Sporting Goods, Levis, Sports Authority, Kenneth Cole, Aeropostale, Maurices, iRobot and PBS.
A test run
This is currently a test set-up for the holiday season and the company’s Enterprise division is overseeing the launch and operation. Stan Chudnovsky, heads the Paypal hacker team. He says that they want to figure out what it will take the launch a successful shipping program and the only way to find out is to give it a shot.
He added that if this test phase runs as planned, eBay Inc (NASDAQ:EBAY) and Paypal might consider expansion of the service. This also means that Amazon’s Prime subscription will have permanent competition. The latter provides free 2-day shipping in the United States for a $79/year subscription.
In Wednesday’s trading, eBay Inc (NASDAQ:EBAY) dropped by 1.21%. The shares opened at $53.13, which rose to an intraday high of $53.23 and dropped to a close of $52.33. Approximately 9.10 million shares were traded on Wednesday while an average volume of 8.31 million shares were traded over a 30 day period. The 52-week low of eBay Inc (NASDAQ:EBAY) shares is $45.66 and its 52-week high is $58.04.
About the company
eBay Inc (NASDAQ:EBAY) is a global-technology company. It enables commerce via 3 reportable segments: 1) the Marketplaces section 2) the Payments section 3) the GSI section. By offering online platforms, services and tools, it helps individuals as well as small & medium merchants across the world to engage in mobile and online payments and commerce and the company facilitates transactions.