Half.com was founded in 1999 by Josh Kopelman. The original idea behind the company was to sell used books and textbooks for “half price” or less. The company has no inventory or stores, but instead, has sellers offer their own personal items for sale. The original site sold books, textbooks, and music on CD’s.
The company was purchased by eBay in 2000 for $350 million. Today, it works as a subsidiary of eBay, however, the company does not use an auction type setting as its parent company does. Buyers can see the current new, used, and previously sold prices, however, so they know if the price is a good deal or not. Half.Com offers books, textbooks, music CD’s, movies, and video games.
eBay had considered integrating Half.Com into their platform, however, customers objected. Its main revenue source lies with the used textbook market. The company began accepting PayPal as a means of payment in 2013.