eBay partners but never competes with sellers. It builds connections between people with product experiences that make eBay fast, mobile, and secure. It is also transforming the individual selling experience to help people turn the things they no longer need into cash they can use.
eBay’s vision for commerce is one that is enabled by people, powered by technology, and open to everyone, creating more economic opportunity for all.
Reuse and redistribution are key elements of a thriving circular economy, and eBay is one of the world’s largest platforms for extending the useful life of products.
Initially enabled by peer to peer selling, it has expanded to support other parts of the circular economy model, including maintenance and repair through parts and accessories sales, local redistribution via its eBay Classifieds businesses, “service” models such as textbook rentals, and the eBay Wholesale B2B marketplace, which helps resellers source “trapped” or idle inventory.
eBay believes its commerce platform is a unique asset that can drive innovation in and strategically support the transition to a circular economy. By leveraging the company’s capabilities and scale in a strategic and intentional way, eBay aspires to create a more impactful engine for reuse and redistribution. In the peer-to- peer sector, focus areas include increasing the percentage of buyers that are also sellers and making it as easy as possible for people to extend the useful life of products. Outside of the peer to peer sector, the company sees great potential in scaling partnerships with brands that build products made to last, which can then be passed on from user to user. eBay hopes to learn from the CE100 network and identify further opportunities to influence and support further the acceleration to a circular economy.