Facebook's new 'Marketplace' is a Craigslist competitor

Statistically, 450 million people tend to make use of buying or selling groups in order to purchase goods. Facebook doesn't care how you pay, which makes a lot of sense: In order for people to use Marketplace over an established service, it needs to be easy - no fussing over shipping fees, taxes, linked credit cards and so on. Marketplace will also glean some additional information from your profile if you've made a decision to list an item of your own sell. Baked right into your existing Facebook experience, users can simply post pictures of things they want to sell, or browse items already for sale in their area. To find something specific, search at the top and filter your results by location, category or price.

If a user is interested in buying an item, they can send the seller a direct message with an offer.

Facebook does not take part in facilitating the delivery or payment of items on the Marketplace, instead the buyer and the seller have to work out the details themselves.

Post Items for Sale in Just a Few Steps Selling an item in Marketplace is just as easy as browsing for one. You can sort listings according to location, price, and category.

Facebook's new 'Marketplace' is a Craigslist competitor
Facebook's new 'Marketplace' is a Craigslist competitor

Marketplace is now available to Facebook users 18 or older (on iPhone or Android) in the U.S., U.K., Australia, and New Zealand. Buying and selling is already popular. It opens with photos of items that people nearby have listed for sale. Today the company's launched Marketplace, which is just want it sounds like and is available via the Facebook app.

Facebook announced Monday that it is launching a mobile app feature called Marketplace that allows you to sell and search for items like furniture, electronics, and just about anything you'd look for on Craigslist, all without leaving the Facebook app.

To start with, Facebook Marketplace will be available to mobile app users on iOS and Android, but it will also come to Facebook on the desktop eventually. But there won't be any near-term benefits for Facebook's business as the company hasn't appeared to roll out any features for monetizing the service yet. Facebook's strong anti-anonymity stance, plus its great location data, makes this scenario possible.

Facebook has no immediate places to take a cut from sales on Marketplace or serve ads on Marketplace pages.

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  • Douglas Reid