Half.com
is a subsidiary of eBay, in which
sellers offer items at fixed prices, usually items that have a UPC,
ISBN or other kind of SKU, rather than rare, old or collectible items.
There are no fees to list items on Half.com, but rather the company
takes a commission of every completed sale.
As of June 2005, this commission is
15% of the first $50 worth of combined selling price and shipping
costs, 12.5% of the next $50, 10% of the next $150, 7.5% of the next
$250, and 5% of the rest.
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Half.com was founded in 1999 by American
entrepreneur Joshua Koppelman (Infonautics, Turntide, Comcast Interactive
Capital). As an advertising gimmick, the company paid the town of Halfway,
Oregon $100,000 and 20 new computers to change its name to Half.com,
Oregon.
Some of the recent popular items for
sale: Battlefield 2: Modern Combat, Lara Croft Tomb Raider: Legend, Grand
Theft Auto: San Andreas, Halo 2 and Madden NFL 2006
eBay purchased Half.com in 2000
for roughly $350 million, integrating its user management system:
buyer/seller feedback and account information are routed through eBay.
Like its parent company, Half.com is not a retail site, and has no
physical stock or inventory.
Rather, the site offers a place for individual sellers to list their items
and potential buyers a central location to in which to view them, offering
both a standardized transaction and money exchange process. Unlike its
parent, Half.com is not an auction site: sellers offer their wares at
fixed prices. Like Amazon.com, Half.com plays a large role in the used
textbook market. |