eBay has recently announced its acquisition of 3PM Shield, a technology company based in Chicago that provides advanced marketplace compliance solutions. The acquisition is a significant move for eBay, as it will provide more accountability to the platform by monitoring potentially infringing or illegal products before they are sold.
3PM Shield’s technology offers brands the ability to track items by third-party sellers on online marketplaces such as eBay, Amazon, and Walmart. It also enables brands to quickly identify potential sources of illegal or counterfeit items and ensure compliance with their products. Additionally, the technology offers an overview of customer satisfaction by monitoring online reviews, which could provide clues about potential fake products or new products being offered through unauthorized sales channels.
eBay plans to leverage 3PM Shield’s pre-sale monitoring technology to enforce its listing policies and expand its Verified Rights Owner program (VeRO). This will offer brands an expanded on-platform monitoring and reporting solution. The acquisition has the potential to benefit both buyers and sellers by providing more transparency and accountability.
In conclusion, eBay’s acquisition of 3PM Shield is a step in the right direction for the marketplace. With more accountability for sellers and greater protection for buyers, eBay can continue to grow and provide a safe and fair platform for all users. While it remains to be seen how eBay will use this new technology, it is clear that it has the potential to crack down on counterfeit items and intellectual property violations, making eBay a more trustworthy platform.