Yahoo! Waives Auction Listing Fees

Updated from 1:16 p.m. EDT

In a bid to revive its presence in the online-auction market, Yahoo! is doing away with fees it charges for listing products on its U.S. auctions site.

Yahoo! will waive the listing fees, which had ranged between 5 cents and 75 cents a listing, as well as the transaction fees equal to 2% of the final value of items sold through its site, and the additional 1.5% fee for more expensive items.

The move, which will only affect U.S. auctions, won't apply to auctions in Canada and throughout Asia. Yahoo!'s early entry in Japan made it the top online-auction site in that country, preventing auction leader eBay(EBAY Quote) from ever getting a dominant foothold there. ...