Online vendors listing on The SOC Exchange pay just one dollar a month or $10 a year to sell, with no other fees. Plus, eBay security updates.
Like newer alternatives, Bonanzle, Wigix, and and eBay’s successful online classified site, Kijiji, The SOC Exchange lets online merchants list “buy now” prices with the option for interested buyers to submit offers (OBO) to sellers on items they are interested in purchasing. It appears many new sites are using this format instead of auctions because it is easier for both buyers and sellers.
The SOC Exchange, however, does not work exactly like a classified site where most transactions are local. Rather, sellers still have the option to accept payments and ship items out to non-local buyers. Lagudi, however, did say that auction-style listings may be offered in the near future.
Doing Business on eBay Alternative for a Buck a Month
By Vangie Beal, November 5, 2008