Shopify Is Turning Another Competitor Into a Partner

Shopify (NYSE: SHOP) sells a software package that helps small businesses open online storefronts. At that most basic level, it competes with eBay (NASDAQ: EBAY) and Amazon (NASDAQ: AMZN), which also help small businesses sell stuff online.

Shopify has come a long way since it first started. Two years ago, it partnered with Amazon to allow its merchants to sell items through its third-party marketplace. It's made similar agreements with burgeoning marketplaces on several social networks. Now, Shopify is entering partnership with eBay to allow merchants to sell items on its platform, which it expects to roll out this fall.

eBay becomes yet another place on the internet for Shopify merchants to reach new customers, turning it into a partner instead of a competitor.

Source: Fool.com