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Friday, May 1, 2009

Meaning of e-Bay

What is eBay?
Definition
eBay is the world's online marketplace; a place for buyers and sellers to come together and trade almost anything.


How does eBay works?
A seller lists an item on eBay, most anything from antiques to cars, books to sporting goods. The seller chooses to accept only bids for the item (an auction-type listing) or to offer the Buy It Now option, which allows buyers to purchase the item right away at a fixed price.

  • In an online auction, the bidding opens at a price the seller specifies and remains on eBay for a certain number of days. Buyers then place bids on the item. When the listing ends, the buyer with the highest bid wins.

In a buy it now listing, the first buyer willing to pay the seller's price gets the item.















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