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Trade Me is the largest Internet-auction website operating in New Zealand.
Managed by Trade Me Ltd., the site was founded in 1999 by New Zealand entrepreneur Sam Morgan, who sold it to Fairfax in 2006 for NZ0 million.
As of August 2015 Participating traders primarily use New Zealand's banking system to settle payments, although Trade Me now offers sellers the ability to accept credit card payments by 'Pay Now'.
Australian sellers must have a New Zealand bank-account, while sellers from other countries are not allowed on the site without special approval, which reduces the potential for fraud.
Many buyers pay cash on pickup with larger items — probably partially due to the relative concentration of the New Zealand population in a relatively small number of urban areas.
Trade Me shares many features with other online auction-websites, such as e Bay.
Some of these features include "Buy Now", "Auto bidding" and the Safe Trader escrow service.
Members in New Zealand can become "Address Verified" by confirming their street address, and sellers may choose to block unverified members from bidding.
Sam Morgan founded Trade Me during the first few months of 1999, constructing the site while working full-time for Deloitte as a technology-consultant.
Within Deloitte, Morgan worked on Internet projects and supply-chain issues.
Morgan, then 23 years old, decided to found the Trade Me site when, despite searching online, he could not find a heater for his flat in Wellington.Tags: Adult Dating, affair dating, sex dating