Walla! restarts Israeli version of eBay
Published March 25th, 2006
Auction News
Walla! announced yesterday two new services which are local versions of eBay and Paypal.
Walla!Buy is an online market and auction site, while Walla!Pay allows users to make secure payments without revealing their credit card details. The development of the sites, similar in design to the U.S. sites that they emulate, took more than a year and cost more than NIS 2 million.
Walla!Shops CEO Uri Nadler explained that Walla!Buy works as an open trading arena, in which any individual or business can offer items for sale. Nadler expects the new site’s revenues to reach NIS 300 million within three years.
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