eBay Inc (NASDAQ:EBAY) is increasingly becoming irrelevant in the massively dynamic ecommerce markets of today. In an interview to Bloomberg, ChannelAdvisor President David Spitz said that Amazon.com, Inc. (NASDAQ:AMZN) is taking over eBay Inc (NASDAQ:EBAY) because of the convenience its gives to its customers. Spitz thinks that there may be not a huge difference between the services, products sold, fee structure on both Amazon.com, Inc. (NASDAQ:AMZN) and eBay Inc (NASDAQ:EBAY) but when it comes to ease of shopping, Amazon.com, Inc. (NASDAQ:AMZN) has no match and this is the only reason why eBay Inc (NASDAQ:EBAY) is getting crushed across the board.
Answering a question about why eBay beats Amazon.com, Inc. (NASDAQ:AMZN) in the number of sellers and vendors if it doesn’t provide the convenience, Spitz said that eBay Inc (NASDAQ:EBAY) is an open platform. Anyone can join eBay Inc (NASDAQ:EBAY) and start selling the product. Amazon.com, Inc. (NASDAQ:AMZN), on the other hand has only 2 million sellers. The reason of this is the increased quality restrictions put by the ecommerce giant.
Spitz thinks that Amazon.com, Inc. (NASDAQ:AMZN) is unrivaled in its distribution capacity. The company spent millions in fine-tuning its distribution channels a few years ago. The other factor which differentiates Amazon and eBay Inc (NASDAQ:EBAY) is the Amazon Prime service. Spitz said that Amazon.com, Inc. (NASDAQ:AMZN) customers find it easy and convenient to shop and get the product delivered at their doorsteps in just one or two days.
Spitz accepted the fact that selling on Amazon has been a bit nuisance for big businesses because Amazon.com, Inc. (NASDAQ:AMZN) has a habit of pouncing a product and selling on its own if the product is becoming a hot seller. eBay Inc (NASDAQ:EBAY) on the other hand gives more flexibility and control. But Spitz said that the flipside of this is that Amazon.com, Inc. (NASDAQ:AMZN) remains to be the top selling marketplace for all the businesses.
Ken Fisher’s Fisher Asset Management owns over 2.4 million shares in Amazon.com, Inc. (NASDAQ:AMZN).
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