Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
The marketplace on NeweggBusiness.com kicked off last month with 25 product categories and more than 150,000 registered customers.
Newegg Inc., a major online retailer and operator of the business-to-business e-commerce site NeweggBusiness.com, last month opened its B2B site to third-party sellers.
“The launch of NeweggBusiness Marketplace expands our assortment of complementary business products for our customers,” says Merle McIntosh, Newegg’s head of B2B, North America.
NeweggBusiness Marketplace sellers can offer products within 25 categories, including household appliances, auto parts, computer hardware and software, medical supplies and equipment, office supplies, furniture, sporting goods, and tools.
Newegg Business Inc., a wholly owned subsidiary of Newegg North America Inc., charges sellers fees ranging from 10% to 15% of sales transactions, depending on the product category. It charges no additional fees for processing payment card transactions.
Consumer electronics, computer hardware and auto parts are among the categories with 10% commissions; software has the highest commission rate, at 15%, followed by accessories, bags and luggage at 14%.
Newegg Business offers customers of NeweggBusiness Marketplace sellers a guarantee that reimburses buyers for up to $1,000 per product in cases of damaged or undelivered goods.
Newegg.com, the retail e-commerce site, is No. 17 in the Internet Retailer Top 500, which ranks companies by their annual web sales.
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