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Type of site
|Website||www.auctions.yahoo.com/ at the Wayback Machine (archived June 16, 2007)|
|Launched||September 14, 1998|
There are currently only three localizations of the service active in Hong Kong, Taiwan and Japan; Yahoo! has already discontinued the service in United States, Canada, Singapore, United Kingdom and Ireland. The North American (US and Canada) section of the site closed down on June 16, 2007. The Singapore section of the site was closed on September 22, 2008. The UK and Ireland service was closed on June 28, 2002. During the shutdown of the UK and Ireland service, Yahoo! had endorsed its main auctions rival, eBay, as their 'preferred' service.
Yahoo! Auctions was preferred by some sellers for its no-fee policy — all revenue was from advertising. Singaporean users chose to shy away from eBay after the closure of Yahoo! Auctions in Singapore, citing high fees and a cluttered website.
In April 2001, Yahoo! acquired SOLD.com.au, a major competitor to eBay in Australia. SOLD.com.au was previously owned by John Fairfax Holdings' online interactive arm, F2. The site was given a new address within the yahoo.com domain. In August 2003, Yahoo! announced that the site would be shutting down and directed users to eBay.
Yahoo! Wallet is a lesser-known competitor to PayPal. Wallet was designed for use at Yahoo! websites such as Yahoo! Music and Yahoo! Auctions. Likewise, new Auctions sellers were required to confirm their identity by entering in their cr card number into Wallet. The service is also stopped outside Japan, Taipei and Hong Kong.
Yahoo! Kantan kessai (Yahoo!かんたん決済 Yafū kantan kessai) is a similar service for paying for Japanese auctions using either bank accounts at certain Japanese banks, or a cr card issued by a Japanese bank. In order to use a cr card, your bank must have registered how your name is written out in katakana, which effectively blocks the use of all non-Japanese cards.