Since eBay Australia’s announcement that Paypal will be the only allowable payment method on the site (apart form cash on pickup, and credit card via Paypal), competitor Australian auction site Oztion has seen a large jump in daily site registrations.
According to Oztion,
… daily new member registrations has jumped by more than 250% since eBay’s recent announcement. Our internal data shows that 79% of buyers per month use direct deposit as their payment method.
A 250 % increase in your daily user registrations is pretty large. Although Oztion is a much smaller site compared to eBay Australia they have seen steady growth and are now more commonly discussed as an alternative selling platform by Powersellers.
I believe they could really capitalise in the short term thanks to eBay, and boost their seller and buyer base enormously.
Oztion’s resgistered member count now sits at about 250,000, well short of eBay Australia’s millions, but is still growing.
To be honest, I was surprised when Oztion told me their data showed 79% of transactions occurred with direct bank deposit, but in Australia bank transfer or bank deposit is easy and convenient with online banking. eBay’s payment percentages will be skewed because of international payments whereas Oztion is heavily Australian focused I feel.
So, if you are a seller or buyer, and like to use bank deposit then Oztion might be another place to try. Best to have your eggs spread around in a few baskets, and more competition in the marketplace is required I think.
I am so glad that ebayers in Australia have a strong and growing competitor to go to as ebay tries to stomp on their trading freedoms.
We’re with those who are leaving ebay for a fairer venue 100%!
As ebay is attempting to steal your rights to choose your payment options, ebay, in the U.S. is trying to steal the sellers rights to give honest feedback of our buyers (no more negs. or neutrals) and is throwing away all feedback scores beyond 12 months. Ebay has increased our FVF by as much as 67% and is implimenting so many “restructuring” policies and changes that it’s becomming impossible to keep up with them all.
As a result, the huge May 1st and beyond, Ebay Boycott has been formed and is well under way here. If you can, feel free to come see whats happening at one our main boycott sites
http://www.powersellersunite.com/
Let’s unite worldwide, starting May 1st and let ebay know ENOUGH is ENOUGH!
I have yet to see any sort of boycott make any difference at all, but for what it is worth, good luck. eBay needs to get feedback about changes.