Interestingly, eBay is implementing a new policy that requires sellers to offer either no returns at all, or give the buyer at least 14 days. No one except sel

Interestingly, eBay is implementing a new policy that requires sellers to offer either no returns at all, or give the buyer at least 14 days. No one except sellers in a couple of narrow categories will be allowed to offer 3-, 7-, or 10-day return periods starting in Q1 2012. So eBay no longer even vaguely resembles a real auction venue where cash, carry, and caveat emptor are the first three rules. That will obviously kill womens' clothing sales completely, which is a nontrivial part of the company's overall revenue picture. It also opens up all kinds of amusing arbitrage opportunities (buy gold coins or other assets that fluctuate in value, return them if the market goes down over the next two weeks.) It also makes me think that eBay needs a good corporate drug-testing policy. Or maybe they're just using the wrong drugs.