Ebay UK has seen a new business sign up every 2 minutes during pandemic

Ebay has seen “pandemic start-ups” on its platform skyrocket 237 per cent since the start of the pandemic, seeing a new business sign up every two minutes.

The online marketplace says that hundreds of thousands of small businesses have signed up to sell on its platform over the pandemic, selling over 72 million items over the past year.

In response, Ebay has today announced the release of a new support package for start-up businesses dubbed the ‘Small Business Power’ campaign.

New sellers will see seller fees reduced by five per cent, while both new businesses and existing sellers will receive a 75 per cent discount on listing costs.

READ MORE: Ebay agrees to sell $2.25 billion stake in Adevinta to push through merger

Ebay will also offer investment and training programmes for sellers, alongside coupons and discounts for shoppers to incentivise purchasing.

“Business will be paying the price of Covid for years to come, and it’s small businesses that will bear the brunt of this,” Ebay’s head of Europe Rob Hattrell said.

“It is now more important  than ever to shop small and shop local – whether that is in-store or online – and to keep supporting and celebrating the power of small businesses.

“Our new support package, as part of our Small Business Power campaign, aims to do just that and we hope the 29 million buyers on our platform will join us in backing Britain’s entrepreneurial spirit.”

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