eBay Inc (NASDAQ:EBAY) has launched a quick sale site where people can sell their iPhones and other smartphones with ease. The company saw the need for such a platform as people rush to purchase the iPhone 7 from Apple Inc. (NASDAQ:AAPL).
eBay claims that an average of one iPhone 6 or iPhone 6S has been sold on its e-commerce website every minute since rumors of the iPhone 7 started pouring in. The company has launched the quick sale through a trade-in site to take advantage of the trend as well as making it easier for people to sell their handsets. The site will auction the handsets on behalf of the owner.
The new platform was launched on Monday and it is easy to use and makes sure that the person selling the handset is paid as quickly as possible. However, there are steps that the handset owners have to follow for them to successfully benefit. Any person who wishes to use the site to sell their old handset is required to register the device, acquire a value and also get a free shipping label. They then send their handset to eBay where its condition is verified. Once this process is complete, the seller can then be paid.
The idea behind the ‘quick sale’ service is that it does most of the tedious work for the handset owner. The company is particularly targeting the iPhone 6 and iPhone 6S owners who are looking to dispose of their current phones so that they can purchase the newly revealed iPhone 7.
“eBay has always been recognized as a top destination for buying electronics,” stated Laura Chambers, the vice president of C2C at eBay.
Chambers also claims that the e-commerce site is the best place for people to sell their smartphone and get a good amount of cash. The company also claims that selling the old iPhones through the quick sale is a good opportunity because the quick payment will allow them to use the cash to purchase the iPhone 7.
eBay closed its latest trading session at $31.91, marking a $0.58 decline from the value of the stock in the previous trading session. The stock had a trading volume of 9.45 million shares.