BusinessE-Commerce

eBay To Invests In Brazil To Support Small Businesses

Ebay might shuffle things to change the future of the company

eBay, the global marketplace, announced a $108K (R$600K) initiative to help support small and medium-sized businesses in Brazil during the current COVID-19 pandemic. The initiative is called “My Business 24/7 on eBay — Always available”, and is an acceleration program that will enable SMEs in Brazil to continue their business during the pandemic.

Companies will be able to set up a selling platform on the site free of charge, therefore opening up sales to 174 million buyers across 190 markets globally.

“For eBay, Brazil is a priority market in the region due to its potential and the thousands of active sellers that currently export. Our business is based on connecting buyers and sellers around the world to create economic opportunities, and that is exactly what we must do now, more than ever,” said Xavier Aguirre, Senior Manager of Business Development at eBay Latin America.

eBay Inc. is an American multinational e-commerce corporation based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in the fall of 1995 and became a notable success story of the dot-com bubble. eBay is a multibillion-dollar business with operations in more than 33 countries.

The company manages the eBay website, an online auction and shopping website in which people and businesses buy and sell a wide variety of goods and services worldwide. The website is free to use for buyers, but sellers are charged fees for listing items after a limited number of free listings, and again when those items are sold.

In addition to eBay’s original auction-style sales, the website has evolved and expanded to include: instant “Buy It Now” shopping; shopping by Universal Product Code, ISBN, or other kinds of SKU number, online classified advertisements (via Kijiji, or eBay Classifieds); online event ticket trading (via StubHub); and other services. eBay previously offered online money transfers as part of its services.

The closure of borders across the globe negatively affected many SMEs. The initiative from eBay will help to reinstate global transactions, accelerate the transition to digital business, and support companies through the pandemic. “My Business 24/7 on eBay” also offers development programs for larger companies, access to a personal manager, and training programs to learn how the platform works.

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