Ebay sets up business site

Retailers are able to set up their own transactional website when eBay launches a its new business site called www.ebayexpress.co.uk , in the UK this autumn. The site will enable business to sell new product at a fixed price, as opposed to individuals selling items at a fixed price or by auction on eBay's main site. Retailers can list as many items as they like, paying a fee for listing and a final value fee for each item sold. Ebay UK has more than 15 million users and 68,000 use it as their main or secondary source of income. The site is due to be operational from October.