yahoo drops auction fees
Yahoo has upped the ante in the online auction wars by ditching fees for auctions in the US:
Yahoo has no plans to end the fees it charges users on its other auction sites, including the one for Japan, the company's top auction site. The company also runs auction sites in Canada, Singapore, Taiwan and Hong Kong.
Yahoo said it will generate revenue from its U.S. auctions by continuing to have paid search listings by its Yahoo Search Marketing division. Paid search ads are triggered by keywords related to their product or brand.
Previously, Sunnyvale, Calif.-based Yahoo has charged users of its U.S. auction site 5 cents to 75 cents to post an item, depending on the starting price of the item.
