Trading Post, owned by the Telstra’s Sensis division, rolled out some new capabilities that is seen to compete with eBay, with the CEO Bruce Akhusrt telling APC that it is “an Australian alternative to eBay.”
He wants to grab a large amount of users that have been angry with the planned switch to only have PayPal or Cash on Delivery as the only options as payment.
As well, to quickly populate the site, they have actively courting the “power sellers” of eBay and is expected to make up 80% of the online inventory of the site.
The Trading Post will offer Cash on Delivery, cheques, postal orders, bank deposits, PayPal and PayMate as some of the payment options. It would also launch a “verified trader” initiative with Australia Post, which it has a standing relationship with them, and it would see a standard 100 point check for all Australian-based buyers.
The site is being promoted as a simpler alternative than eBay, with the Trading Post having 524 categories versus eBay’s 11,000+ categories. The site will use technologies from Intershop and FAST.