Half.com Intro
Half.com was an American online site that was launched on 16th April 1999 & shut down on 1st September 2017. It operated as the wholly owned subsidiary of eBay who bought it in 2000 for US$ 350 million. This site work on a unique concept where sellers were allowed to fix the prices of their products. They sell the only limited amount of items, including music, video games, books, textbooks, & video game consoles. In simple words, the sellers get the freedom to choose the price of their items by themselves. On each of completed sale, the company took some commission.
Half.com History
The site was started by Sunny Balijepalli & Josh Kopelman in 1999 by donating US$ 100,000 to the town of Halfway to change their name to Half.com for one year. Their advertising gimmick makes them successful as the company was bought for US$ 350 next year by eBay. They played a great role in the used CD & textbook market.
eBay choose to close the operations of this site on 31st August 2017. They notified their users by email on 16th June 2017. However, they continue to process refunds & return operations until 31st October 2017.
Half.com Operations
The company never listed any fee on their official site. However, they some commission on the completion of a sale from the seller. The majority of the items sold by the Halfway.com involve the very little amount of delivery fees.
