The world’s largest online auction, eBay, finally comes to Russia. The Russian division of the auction is to start working on March 16. As a result, all Russian users of eBay will be able to buy and sell their goods on the Internet easily. In addition, they will be able to enjoy all advantages of PayPal payment system.
eBay’s key competitor on the Russian market, Molotok.ru, says that it is not afraid of possible competition. Experts say, though, that the Russian auction will have no chances in the fight with the online giant: eBay’s choice of goods and the quality of provided services is much better.
Specialists say that the opening of eBay Russia indicates very good prospects for the Russian market of online commerce. However, eBay.com is not going to open a physical office in Russia yet – it is only going to be a website in Russian, RIA Novosti reports.
eBay appeared in 1997 and has since then developed into the world’s most successful online auction. The net profit of the portal made up $1.4 billion in the fourth quarter of 2009. Russia’s Gazprom Neft, for example, can only boast of $0.84 billion for a similar period.
Key pages of the portal will be translated into Russian; shipments to Russia will be provided. Search queries in the Russian language will be translated into English automatically. Prices will be automatically converted from US dollars into Russian rubles. Items descriptions will not be translated into Russian. The Russian website of the auction will also contain an interactive dictionary of most popular search entries in Russian.
With eBay, Russia will also have PayPal – the basic system of payments, which the auction uses. It is considered to be one of the safest payment systems in the world. Russian eBay users will be able to use eBay Buyer Protection option which guarantees a refund in case of problems with shipments.
PayPal has been working in Russia since 2007, but it only allows to make wire transfers from credit cards and back.