Type Of Selling Format
eBay is an online marketplace which enables trade on a local, national and international basis. It offers an online platform through which millions of products and services are offered and traded each day. These items are traded each day through a special method called Online Auction Format. It is also called auction style listing.
Online Auction Format is a typical selling format where an item is listed by its seller for a fixed amount of time which is set by the seller itself and it is required for the buyers to their bid for purchasing of that time within that time limit set by the seller. Buyers must place a higher bid than the last bid placed in order to be in the race for purchasing the product they want. At the time when the auction ends, the buyer who has placed the higher bid wins and is entitled to purchase the product at his winning bid.
Another type of selling format offered by eBay is called Fixed Price Format, in which the seller could offer people to buy his products at a buy it now price. The interested buyers who agree to pay that price win the auction without having to submit any bid in any competition.
eBay deals its payment system through PayPal and only PayPal is acceptable for payments through sellers. eBay does not allows any merchant account as an alternative payment option. These terms also applied to countries like UK and Australia.
Online Auction Format is a typical selling format where an item is listed by its seller for a fixed amount of time which is set by the seller itself and it is required for the buyers to their bid for purchasing of that time within that time limit set by the seller. Buyers must place a higher bid than the last bid placed in order to be in the race for purchasing the product they want. At the time when the auction ends, the buyer who has placed the higher bid wins and is entitled to purchase the product at his winning bid.
Another type of selling format offered by eBay is called Fixed Price Format, in which the seller could offer people to buy his products at a buy it now price. The interested buyers who agree to pay that price win the auction without having to submit any bid in any competition.
eBay deals its payment system through PayPal and only PayPal is acceptable for payments through sellers. eBay does not allows any merchant account as an alternative payment option. These terms also applied to countries like UK and Australia.
Labels: Business Home eBay
posted by Arthur Wang at Friday, May 15, 2009
