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eBay Launches Authentication on All Watches Sold for $2,000 or More in the US with New Service, "Authenticity Guarantee"


SAN JOSE, Calif., Sept. 8, 2020 /PRNewswire/ -- Today, eBay, one of the largest luxury watch marketplaces in the world, is launching "Authenticity Guarantee," a new post-sale authentication service for all watches sold for $2,000 or more in the U.S. Offering meticulous inspection and verification by independent experts, eBay's Authenticity Guarantee provides an extra layer of trust and confidence for shoppers browsing the nearly eighty thousand new, pre-owned and vintage watches marked with the Authenticity Guarantee badge on eBay.com/LuxuryWatches. eBay is also announcing new features and experiences, including escrow payment on watches sold for $10,000 or more and unveiling "eBay Channels," a new app experience. Additionally, the marketplace is cutting seller fees as much as 35% for active managed payments sellers on watches sold over $1,000 and offering a 30% discount off final value fees for registered managed payment sellers on watches sold over $2,000.

"For 25 years, watches have been one of the top-selling categories on eBay thanks to the marketplace's unmatched selection of luxury goods," said Tirath Kamdar, General Manager of Luxury at eBay. "We know trust is paramount among the watch community, and with Authenticity Guarantee and adding escrow services for watches, eBay has evolved to give watch customers exactly what they want ? incredible selection with an added layer of confidence through authenticity verification by independent experts for their high-valued purchases."

"eBay's Authenticity Guarantee verifies the authenticity of the watch and confirms the watch is exactly as described in the listing," said James Hendy, General Manager of Authentication at eBay. "Leveraging a team of independent experts, eBay's Authenticity Guarantee checks all watches sold for $2,000 or more in detail, with a multi-point inspection. Our number one goal is to bring more trust to our marketplace for our entire eBay community, making sure no one receives a fake watch."

Meet eBay Authenticity Guarantee
A longtime leader in the luxury watch market, eBay houses one of the largest inventories of new, vintage and pre-owned contemporary and fine watches in the world - including brands like Rolex, Patek Philippe, Omega, Audemars Piguet, Breitling and Panerai. Coupled with competitive pricing and no buyer fees, shoppers can find the exact watch they're looking for at the price they want. Here's an inside-look at the new service:

New and Enhanced Luxury Watch Experience
Today, eBay is announcing new features to deliver a more personalized and innovative shopping experience for watch buyers and sellers. eBay is adding the following enhancements, fundamentally changing the luxury watch experience. 

Here's how it works:

From the casual watch enthusiast to the avid timepiece collector, buyers and sellers can shop and sell with confidence. For more information on Authenticity Guarantee, visit www.eBay.com/buyauthentic and www.eBay.com/sellauthentic. To shop luxury watches, check out www.eBay.com/luxurywatches and follow @eBay on Instagram, Twitter, YouTube and Facebook.

eBay Luxury Watches By the Numbers

Source: Sales data on eBay.com.

About eBay
eBay Inc (NASDAQ: EBAY) is a global commerce leader including the Marketplace and Classifieds platforms. Collectively, we connect millions of buyers and sellers around the world, empowering people and creating opportunity for all. Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.            

1 Currently, watches listed in the primary category of wristwatches and sold for $2,000.00 USD or more in the U.S. are eligible for Authenticity Guarantee. In addition, Auction items in the wristwatch category that are expected to sell above $2,000.00 USD are also included in the program. Smart watches, watch parts, and accessories are not eligible for authentication. Items specified as customized will not be authenticated. Customized is defined as original brand parts that have been replaced with non-brand parts, or parts not original to the model or era, or components that are modified from the original design. See eBay's Terms & Conditions for more details.

 

SOURCE eBay Inc.


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