TWay continues to focus its attention – and its resources – on low rates and good service for its online auction customers.
TAMPA, Fla. (PRWEB) October 17, 2005 -- TWay.com announced today it will continue its policy of customer-focused, low-cost online auction services even as auction industry giants continue to grow through acquisitions.
The latest example: EBay’s purchase of VeriSign’s payment processing business. That acquisition, announced earlier this month, cost EBay $370 million.
“With all of the acquisitions going on at the top of the online auction business, we’ve had to take a fresh look at TWay’s policy of offering good, simple services at low cost,” said Dead Burnetti, TWay’s president. “We won’t grow overnight through this simple business plan, but we know our customers appreciate our rates and our service, and that’s reason enough for us to stay the course.”
EBay announced it was buying the VeriSign unit in order to merge it with PayPal, the EBay-owned payment services company.
EBay has spent billions on acquisitions this year. Just last month, EBay purchased Skype, a major Net phone service provider, in a transaction that may exceed $4 billion in value.
Earlier in 2005, EBay bought Shopping.com for $620 million. Before that, it purchased Rent.com for $435 million, and also purchased several classified ad websites – Gumtree.com, LoQUo and OpusForum – for a total of $81.6 million.
“We keep in mind that it’s the little guy – the small-scale buyer or seller -- who ultimately underwrites these expensive corporate purchases,” Burnetti said. “Our customers don’t care if we are an industry mega-player. They simply want a successful transaction that doesn’t cost a whole lot of money.
“That’s what we are committed to providing,” Burnetti said. “For example, our low overhead allows TWay to avoid listing fees of any kind.”
ABOUT TWAY.COM: TWay.com moves online buying and selling to the next level with unparalleled flexibility, options and service. It also offers marketing partnership opportunities to savvy entrepreneurs. To learn more, visit the website at www.TWay.com.
# # #
|
