Yahoo! Auctions
Yahoo! Auctions is a service set up by the online search giant Yahoo! in 1998 to compete against eBay. There are currently only two localizations of the service active in Taiwan and Japan; Yahoo! has already discontinued the service in United States, Canada, Singapore, Hong Kong, United Kingdom and Ireland. The North American (US and Canada) section of the site closed down on June 16, 2007. The Singapore section of the site was closed on September 22, 2008. The UK and Ireland service was closed on June 28, 2002. During the shutdown of the UK and Ireland service , Yahoo! had endorsed its main auctions rival, eBay, as their 'preferred' service. The Hong Kong service was terminated on May 31, 2020. Yahoo! Auctions was preferred by some sellers for its no-fee policy — all revenue was from advertising. Singaporean users chose to shy away from eBay after the closure of Yahoo! Auctions in Singapore, citing high fees and a cluttered website. SOLD.com.au. In April 2001, Yahoo! acquired "SOLD.com.au", a major competitor to eBay in Australia. SOLD.com.au was previously owned by John Fairfax Holdings' online interactive arm, "F2". The site was given a new address within the yahoo.com domain. In  August 2003, Yahoo! announced that the site would be shutting down and directed users to eBay. Yahoo! Wallet. Yahoo! Wallet is a lesser-known competitor to PayPal. Wallet was designed for use at Yahoo! websites such as Yahoo! Music and Yahoo! Auctions. Likewise, new Auctions sellers were required to confirm their identity by entering in their credit card number into Wallet. The service is also stopped outside Japan, Taipei and Hong Kong.