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Technology Stocks : eBay - Superb Internet Business Model
EBAY 84.64+1.2%3:59 PM EST
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To: mrknowitall who wrote (5139)8/27/1999 1:05:00 PM
From: Doug Fowler  Read Replies (1) of 7772
 
Mr. K:

I alike Amazon auction in a lot of ways.

My primary problem with them is that the bidders have a significantly lower pay rate than eBay bidders.

For example, after several reminders, I usually get around 85 to 90 percent of eBay bidders to pay.

On Amazon, I am lucky if that number is 70 percent....

And yes, we accept credit cards, so I'm not sure what the problem is, other than perhaps a lot of these people are new to auctions, and think they can bid, and then decide later whether they really want it.

--Doug
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