What is eBay Auction

You are familiar with the Ebay. You’ve seen it in stories. You have heard co-workers talking about it.

Simply put, eBay is:

eBay is the world’s largest marketplace for sell or buy rare, discontinued, collectible, or hard-to-find items, no matter what the type or price. Whether you’re looking for turn-of-the-century box cameras, hand-made Victorian doilies, Soviet army service medals, or 1980s vintage arcade games, eBay will give you a better selection than just about anyone else anywhere.

Creating millions of online auctions, in which sellers offer merchandise to potential buyers. While eBay is billed as a person-to-person auction site, there are also a good number of businesses that use eBay to sell their merchandise to customers across the country and around the world.

If you haven’t used eBay auction yet, you’re missing out on huge thing. Terrific place to sell or buy anything you might want.

You will see categories like:

When you see something you want to buy, click on the auction title and view the details, including pictures, descriptions, payment options and shipping information. If you have a pretty good idea of what you’re looking for, you can search for it using simple keywords, such as “IPhone 5,” or using more advanced search criteria that helps narrow the results, such as keywords to exclude, item location, price range and accepted payment methods.

Online eBay auction works pretty much like an old-fashioned real-world auction you know, the type where a fast-talking auctioneer stands in the front of the room, trying to coax potential buyers into bidding just a little bit more for the piece of merchandise up for bid. The only difference you will notice is that there’s

no fast-talking auctioneer online (the bidding process is executed by special auction software on the auction site),

and all the bidders aren’t in the same room in fact, they might be located anywhere in the world, as long as they have Internet access.

If you decided to place a bid on an item, you enter a contractual agreement to buy it if you win the auction. All auctions have minimum starting bids, and some have a reserve price a secret minimum amount the seller is willing to accept for the item. If the bidding doesn’t reach the reserve price, the seller doesn’t have to part with the item. In addition to auctions, you can find tons of fixed-price items on eBay that make shopping there just like shopping at any other online marketplace.

ebay-logo

You see what you like, you buy it, you pay for it and you wait for it to arrive at your door.

You can pay for an item on eBay using a variety of methods, including money order, cashier’s check, cash, personal check and electronic payment services like PayPal and BidPay. It’s up to each seller to decide which payment methods he’ll accept. PayPal is the easiest way to buy something on eBay, because eBay owns PayPal. The PayPal payment process is already built into any auction listing on eBay.

Just as you can buy almost anything, you can sell almost anything, too. Using a simple listing process, you can put all of the junk in your basement up for sale to the highest bidder. When you sell an item on eBay, you pay listing fees and turn over a percentage of the final sale price to eBay.

eBay is there to facilitate the transaction, and therefore can’t be held responsible for anything that goes wrong with any particular auction or sale. When someone buys an item on eBay, they buy it directly from the seller they don’t pay any money to eBay.

Once you register (for free) with eBay, you can access all of your eBay buying and selling activities from your account.

It’s not much more complicated than that so let’s go ahead and look at the entire process in more detail, from the seller’s perspective.

About the author /


The Editors of hmirrorwall

Related Articles

3 Comments

  1. Carrie

    Thank you for another informative website. The place else may I am getting that type of information written in such an ideal method?
    I’ve a undertaking that I am simply now operating on, and I have been on the glance out for such info.

  2. Jenny

    You need targeted visitors for your website so why not try some for free? There is a VERY POWERFUL and POPULAR company out there who now lets you try their website traffic service for 7 days free of charge. I am so glad they opened their traffic system back up to the public!

  3. James

    Hi, just wanted to say, I enjoyed this post. It was funny. Keep on posting!

Post your comments

We are passionate about

Covering news and innovations on commercial drones
and wearable technology.

Helping the drone and wearable tech enthusiast find out what's happenings so they can make better
purchase decisions.

Join in the conversation

Categories