Displaying items by tag: Marketplace

Facebook launched its ‘Marketplace’ feature in October last year – a place where users can trade and sell goods to one another without leaving the social media platform. The feature is now expanding to 17 countries across Europe, having already launched in the US, Australia, Canada, Chile, Mexico, New Zealand and the UK.

Marketplace will be introduced to Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden and Switzerland. Facebook said the feature will “give more people a single destination on Facebook to discover, buy and sell goods in their local communities.”

The Facebook feature could challenge the likes of eBay and Craigslist. According to Facebook, the new platform is a way to formalize what its some 2 billion users have already been doing in Facebook Groups for years – buying and selling goods with other users.

“Whether you’re a new parent looking for baby clothes or a collector looking for a rare find, you can feel good about buying and selling on Marketplace because it’s easy to view the public profiles of buyers and sellers, your mutual friends, and how long they’ve been on Facebook,” the company said in a release.

In May this year, more than 18 million new items were posted for sale in Facebook’s Marketplace in the United States, and that number continues to grow, the company said. The platform is in fact a second attempt by Facebook to launch a Marketplace, after a failed attempt in 2007.

The best thing about the new Marketplace feature is that Facebook is not charging its users for it. However, the selling platform could have the future potential to further monetize Facebook’s global base, and keep them on the network, AFP reported.

Published in Apps

Facebook has launched its first ‘Marketplace’ trading platform which will allow users to buy and sell goods to one another. It could challenge the likes of eBay and Craigslist. According to Facebook, the new platform is a way to formalize what its some 1.7 billion users have already been doing in Facebook Groups for years – buying and selling goods with other users.

“Facebook is where people connect, and in recent years more people have been using Facebook to connect in another way: buying and selling with each other,” said product manager, Mary Ku in a blog post. “This activity started in Facebook Groups and has grown substantially. More than 450 million people visit buy-and-sell groups each month – from families in a local neighborhood to collectors around the world.”

Ku added that the new Marketplace feature will help facilitate this with “a convenient destination to discover, buy and sell items with people in your community.” Images of items for sale will be displayed based on proximity, and users will be able to adjust their location and search for specific items or categories such as clothing, household items or electronics. Buyers and sellers will be able to message each other, make or accept bids on items, and then make arrangements for pick up or delivery.

The best thing about the new Marketplace feature is that Facebook is not charging its users for it. However, the selling platform could have the future potential to further monetize Facebook’s global base, and keep them on the network, AFP reported.

The platform is in fact a second attempt by Facebook to launch a Marketplace, after a failed attempt in 2007. The new platform goes hand-in-hand with a previous announcement by Facebook earlier this year, when it announced a new online payment system that will allow businesses to sell directly to consumers via its Messenger application.

The new Marketplace will be rolling out to users over 18 years old in the United States, Britain, Australia and New Zealand in the coming days on the Facebook app for iPhone and Android, with additional countries, and a desktop version planned in the coming months.

Published in Apps