Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search Announces Authentication Of Members




Nigel Stanford, General Manager of Trade Me Limited, today announced a suite of changes to, New Zealand's largest auction website.

The site has had problems recently with 'rogue traders' - people logging in and placing bids for millions of dollars in order to sabotage an auction.

"It's disappointing, but inevitable, that there are people out there who like to waste other people's time." Stanford says. "We used to be able to remove them manually, but Trade Me is now growing at such a rate that this is impractical and we have had to take further steps."

The website, already one of New Zealand's top 5, grew by 50% in the final quarter of 2001. It now has 75,000 New Zealand members, and runs over 3,000 auctions each day.

Trade Me trialed a number of new security measures on the site in January. The site now restricts the options available to those who elect not to provide a form of identification.

New members can no longer place bids over $100 without providing full contact details and a form of Id - a driver's license or bank account number.

"New members can still use 90% of the features on Trade Me. However, we encourage everyone to provide full contact information, as it helps build trust between people who are trading. " Stanford says. "We're increasing accountability, while retaining the benefits of internet auctions - the large selection of items for sale, low prices and vast numbers of buyers and sellers."

Other features introduced include the ability to inform the site administrators of auctions which breach copyright or piracy laws, by the simple click of a button.

"As we continue to grow, we'll need to be constantly introducing ways to keep unwanted behavior at its current low levels. Our intention is to ensure that Trade Me remains New Zealand's No.1 place to buy and sell online."


Contact: Nigel Stanford email: Mob: 021 1132 843 Land: 04 473 7955 Fax: 04 473 9257 Web:

TRADE ME LIMITED L4, 125 Featherston Street PO Box 11-707 Wellington NEW ZEALAND

© Scoop Media

Business Headlines | Sci-Tech Headlines


BusinessDesk: Body massages and Uber are in, DVDs are out, says Stats NZ

Statistics New Zealand has rejigged the consumers price index basket in its latest three-year review, adding body massages, Airbnb and Uber and removing DVD and Blu-Ray players…More>>


StuffMe: Commerce Commission Welcomes Dismissal Of Merger Appeal

In a summary of their judgment released today, Justice Dobson and lay member Professor Martin Richardson dismissed the appellants’ process criticisms and found the Commission was entitled to place significant weight on the prospect of reduced quality of the products produced by the merged entity. More>>


Digital Futures: New Chief Technology Officer Role Created

Communications Minister Clare Curran has called for expressions of interest for the new role of Chief Technology Officer position to help drive a forward-looking digital agenda for New Zealand. More>>

Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>


InternetNZ: Net Neutrality Failure In US "Will Hurt All Users"

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More>>