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 »
The US technology giant Microsoft said its annual revenues hit a record of $69.94bn (£43.4bn).Sales of the company's Xbox 360 videogame console and its Office software helped fuel the growth.
more »
Fujitsu demonstrated a next generation cholesteric LCD color digital paper module at the International Digital Publishing Expo.
more »
Apple’s next iPhone will begin production in mid to late August and ramp aggressively.
more »
People who create concept designs for future technology always have the luxury that their ideas don’t have to be practical or possible now, just cool enough to get people excited about what might be created one day.
more »
While Twitter isn’t rushing to go public like some of its larger peers, the microblogging service has no problem luring deep-pocketed investors.
more »
Free video chat is coming to Facebook.
more »
Nokia is still one of the biggest names in mobile phones but the company is in rapid decline and profits are sharply down.
more »
Wireless connection standard "Global System for Mobile Communications“ (GSM)
this year on July 1st has reached 20 years of age.
more »
Not long ago we heard a rumor about HTC’s upcoming device supporting a 12 megapixel camera; now we have some info about two more novelties.
more »
While the Stuart Hughes iPad Supreme Editions command respect and an astronomical price, there are other ways to glamorize your brand-new tech toy.
more »