Tuesday, November 01, 2005

eBay helps save Royal Mail

The London Sunday Telegraph reports that eBay traffic in the past two years has led to a two-thirds increase in business at many post offices across the country.

Post Office managers say the money spent by eBay users, who send up to £4 billion worth of goods through the post each year, has played a vital part in turning around a loss of £1.5 million a day into an annual profit of £537 million.

Almost 70 per cent of the post offices surveyed said that they earned between £1,000 and £3,000 a week extra from eBay sellers.

As a result, the 6,000 post offices across England and Wales that were facing closure may now have been offered a life-line.

To read more on this story, click here.
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posted by Don Schilling at 12:01 PM