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URLwire for Tuesday, April 30, 2002 - Fareham, Hampshire UK
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UK Online Marketplace Aims to Out-Bid Auctions
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Anyone using the Internet these days is sure to notice that online auctions are everywhere, but how many of us stop to think, when we buy that Beanie Baby or sell those CDs, 
whether we're getting the best possible deals by auctioning? TXmart, the UK's new online marketplace, might make you think again.
Go to the site
UK Online Marketplace TXmart Aims to Out-Bid Auctions
TXmart co-founder Murray Davis said "because users are not tied to the rigid bidding format of an auction, they can control their deals in ways just not possible at auctions. That enables them to create better deals, and do deals they can't get anywhere else online." 
 
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UK based TXmart has this week introduced a range of new facilities for online traders that can help them get them better deals, and at lower cost. The key to this is the ability for users to buy or sell multiple item listings in a single deal. 

TXmart co-founder Murray Davis said "although this is nothing new at mainstream e-commerce sites like Amazon or BOL, at online auctions it's impossible. This facility can help buyers do faster, more competitive deals, while sellers should see a significant cost saving per transaction, aside from the time and effort they'll save." 
 
Other key changes TXmart brings to the world of online trading include the ability for users to control their deals beyond just price. For example, a buyer could offer to pay in cash if the seller personally delivers the goods, or a seller might offer an incentive if the buyer purchases a couple of item listings in a single deal. Murray Davis said "because users are not tied to the rigid bidding format of an auction, they can control their deals in ways just not possible at auctions. That enables them to create better deals, and do deals they can't get anywhere else online." 
 
The site offers a host of other services including the Safe Deals facility designed to ensure all deals are conducted safely and securely, and the Trading Problems Service to assist users if things go wrong with a deal. 
 
Until January 1 2003, TXmart has waived its item listing fees and success fees (a fee payable by the seller on successful completion of a deal). 
 
For additional information visit: http://www.txmart.co.uk

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