Sunday, November 1, 2009

Souq.com


Souq.com One of the biggest shopping websites in the Middle East region, it’s almost like any sell & buy websites, but Souq.com has its own rules ( “Souq” is often used to designate the market in any Arab or Muslim city )
Souq.com launched a test site in 2005 and later it officially launched in the UAE in 2006. Souq.com works in a similar way to many of the leading auction platforms, but with the addition of essential localized services that address the Arab internet user and online shopping behavior. Souq.com offers its users both an auction platform as well a fixed-price selling format. Also, Souq.com has integrated mobile services (GSM) that provide users updates on all aspects of their auction transactions.
Souq.com is a member of the Maktoob group of companies Arab online community. Souq.com start making money in the early 2007 by adding fees for using the website and especially in the Cars and automobiles section, according to the new Terms and Conditions of the website Membership on the Site is free. Souq.Com does not charge any fee for browsing, 
bidding and buying on the Site. Souq.Com charges Transaction Fees to all sellers 
when their item is successfully sold on the Site and Special Listing Fees are 
charged to Sellers who use the Special Listing Feature for listing their items. The fees is about 5-7 % from the sold items price, and some Additional Fees applies when sellers decides to enhance their listing (increasing the visibility of their items Bold, Categories ... ).

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