Published: Wed, October 05, 2016
Economy | By Melissa Porter

Facebook takes on eBay and Craigslist with Marketplace app feature

Mark Zuckerberg's social network on Monday launched "Marketplace," a new tab that allows people to buy and sell local items with their phones - and keeps them glued to Facebook. As such, Marketplace will evidently challenge sites like eBay and Craigslist. As of writing this, more than 450 million people regularly visit buy and sell groups across various platforms each month.

The new Marketplace will be rolling out to users over 18 years old in the United States, Britain, Australia and New Zealand in the coming days on the Facebook app for iPhone and Android, with additional countries and a desktop version planned in the coming months. You can also filter the results by location, category or price.

When asked if it was anxious about people selling stuff they shouldn't, Facebook told USA TODAY last week that it would take "appropriate action to make Marketplace a safe place for people".

Selling an item in Marketplace is just as easy as browsing for one.

Upon finding something interesting, users can tap on the image to see more details from the seller, including a product description, the name and profile photo of the seller, and their general location.

Once you've decided on an item, you can message the buyer or seller to get the details of the transaction sorted. Within hours, Facebook users were selling stuff that Facebook says they can't.

The two parties are on their own when it comes to payment method and delivery, according to Facebook. Next, you confirm your location, select the category you want to list the item in, and post it.

By our count, this is at least the fourth time Facebook has tried to clone Gumtree.

Facebook Inc (NASDAQ:FB) Craigslist competitor has officially launched and it is called Facebook Marketplace.

Jinks said: "Sellers should be aware that Facebook doesn't handle any shipment of items however".

Last year, Facebook said it was testing several ad features that allow users to shop directly through its app in an effort to move further into e-commerce.

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