Facebook Opens Marketplace to Take on eBay and Craigslist

It will roll out in the U.S., UK, Australia and New Zealand in the coming days.
Facebook Opens Marketplace to Take on eBay and Craigslist
Image credit: Facebook

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Managing Editor, Engadget UK
2 min read
This story originally appeared on Engadget

If you visit Facebook today, the chances are that you'll come across someone trying to sell something. It could be a friend looking to make some money from an old smartphone or a thousand-strong parenting group looking to trade items for their little ones. Facebook has slowly introduced features to make it easier for people to list their items, but today the company has launched Marketplace, a new way for users to "discover, buy and sell items" with other people in their area.

In the coming days, users in the U.S., UK, Australia and New Zealand who are over 18-years-old will see a new shop icon in the bottom menu of the Facebook app. This will load a selection of photos of items that people in your general location are looking to sell. It also includes a search function, if you're looking for something, specific and results can be filtered by location, category or price. If something catches your eye, Facebook will list the name and details of that product, a profile photo of the person selling it and a loose overview of where they live.

Although Facebook already lets Messenger users send payments, the company categorically states that it is not performing the role of a retailer or auction site: "You and the seller can work out the details in any way you choose. Facebook does not facilitate the payment or delivery of items in Marketplace." That also means it won't charge users for listings, giving it a distinct advantage over eBay and other app-based buy and sell apps.

Image credit: Facebook Newsroom

With Facebook now counting over 1.5 billion users, sites like eBay and Craigslist will be watching Marketplace with keen interest. Sure, it's currently only available in four countries, but with little to no oversight over sales and payments, the company is free to take it to new markets at will. Facebook says it will "continue expanding [Marketplace] to additional countries" via its iOS and Android apps, and will make the service available on the desktop "in the coming months."

More from Entrepreneur
Our Franchise Advisors will guide you through the entire franchising process, for FREE!
  1. Book a one-on-one session with a Franchise Advisor
  2. Take a survey about your needs & goals
  3. Find your ideal franchise
  4. Learn about that franchise
  5. Meet the franchisor
  6. Receive the best business resources
Make sure you’re covered if an employee gets injured at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business
Try a risk-free trial of Entrepreneur’s BIZ PLANNING PLUS powered by LivePlan for 60 days:
  • Get step-by-step guidance for writing your plan
  • Gain inspiration from 500+ sample plans
  • Utilize business and legal templates
  • And much more

Latest on Entrepreneur