$1 Flat fee SOC Exchange takes on eBay

Mike Bantick
Tuesday, 18 November 2008 04:29

Your IT - Entertainment

Sick of eBay and their PayPal pushing processes?  Now there is another new kid on the block setting up a virtual Lemonade Stand.  The SOC Exchange is distinguishing itself from eBay by offering a flat fee structure, rather than taking a slice of the seller’s profit. 

eBay has a new competitor in SOC Exchange, and the attractive seller costs of $1 per month ($10 per year) is likely to attract a slice of the online garage sale market.

Launched in June this year to the US market by Australian entrepreneur Franco Lagudi, SOC Exchange offers members their own selling space, low fees and alternative to the online auction structure of so many similar sites around the interweb.

According to the press release: Sellers can list literally anything and everything on The SOCExchange.com.au - from video games, scrapbooking and craft materials, real estate, cars, boats, computers, sporting memorabilia, jewellery and much, much more – it’s a virtual shopping arcade!

Unlike eBay, which has born the brunt of negative press for its fee structure, lack of security and unreliable vendors, The SOC Exchange has been greeted with enormous enthusiasm in the US market and looks to offer the same high level of service, variety of goods and ‘positive online experience’ to Australian sellers and buyers alike.

"eBay recently announced its fee restructure, yet its costs still seem too high for many individuals and small businesses," stated Mr Lagudi.


He added, "As noted recently by eBay, a $25 collectable item that sells on eBay USA after being listed three times for up to 21 days costs $3.35 in fees. However, on The SOC Exchange you can list and sell 1000 items or more for just $1 in total."

The SOCExchange.com.au does not charge listing or commission fees, rather, it charges sellers just $1 per month or $10 per year, to sell as many products as they choose, from their very own website.

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