Yahoo Auctions Dumps Fees

Yee-ha! for Yahoo auctions! In a move that auction sellers can only applaud, as of June 6, 2005, there are no more fees on Yahoo auctions. Yes, you read that right – no fees, no money, no charges of any kind.

This wonderful boon applies to Yahoo auctions US only, and not all of its auction sites, but clearly the move is aimed at increasing Yahoo’s market share. According to company reps, this move has been in the works for six months and has nothing whatsoever to do with eBay’s $620 million purchase of shopping.com

Until now, Yahoo’s listing fees have ranged from 5-75 cents, with a 2% final value feed. Yahoo said it will generate revenue from its U.S. auctions by through its paid search listings.

As auction sellers, we need to get behind Yahoo and this awesome move. If this explodes traffic, as we should all hope, eBay will be forced to curb some of its charges and policies. eBay has been a monopoly for a very long time, and the surge to Overstock, and now hopefully Yahoo, might signal a genuine crack in the eBay rule. Only time will tell.

Sorry – can’t write anymore. Gotta go check out Yahoo auctions.