Yahoo! to charge online merchants.
Published:
30 October 1999 y., Saturday
Yahoo! Inc., the No. 1 Internet search service and directory, said this quarter it will start charging transaction fees from merchants whose stores are hosted on its network of Web sites to boost its commerce revenue. Yahoo! has traditionally charged retailers fixed monthly fees for hostingtheir online stores on its Web sites. That appeals to merchants who don_t have the expertise to set up their own Web stores or the money to spend on attracting millions of users to their Web sites. Yahoo! has never asked for a portion of the transactions completed through Web stores hosted on its network. Some Internet companies such as America Online Inc. and Amazon.com Inc. are already garnering electronic-commerce revenue from merchant fees for transactions made on their Web sites. Yahoo! stands to benefit from matching merchants with its audience of more than 105 million unique users worldwide. "Overall our revenue for enabling transactions will still be less than 10% of our total revenue," said Yahoo! President Jeff Mallett. Yahoo! said earlier this month that it would start charging transaction fees soon, though it did not specify when.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Software company announced new structure_ of it_s business.
more »
Microsoft's Bing search engine will be the sole provider of search and paid search technology for all of Yahoo's websites. Yahoo will sell premium search ads for both companies.
more »
Thales UK today announces that its Cat III Instrument Landing System (ILS)1 has received UK approval for installation at Bournemouth Airport.
more »
Postbank customers can now pay their fuel bills at Shell service stations and withdraw cash as stations in Hamburg, Germany, have been converted to the new technology from Wincor Nixdorf International.
more »
Japanese company Crescent has simulated a series of emergency situations that people may have to deal with in the workplace. By practicing with these simulations they can learn how to cope with a real-life crisis.
more »
The touchscreen device built on Google's Android platform equates to a bold attempt by HTC to take on Apple's popular iPhone - not by creating a copycat - but by building an attractive alternative.
more »
A devious piece of criminal coding that has been quietly at work in a clutch of ATMs at banks in Russia and Ukraine has recently been discovered.
more »
In the person-to-person transfer business, text messaging is so 2008.
more »
Bank Central Asia, one of Indonesia's largest banks, has partnered with Wincor Nixdorf International to rejuvenate its branch network.
more »
What's cooking at Tokyo's International Food Machinery and Technology Expo? For this robo-chef, it's okonomiaki, Japanese pancakes.
more »
Taking attendance at Aoyama University used to be a chore, but no longer as the Japanese school is giving over 500 iPhones to students and faculty in an effort to enhance the classroom experience.
more »