What is eBay?
eBay is an online marketplace that allows individuals and businesses to buy and sell a variety of items. It was founded in 1995 and over the years has become one of the most popular e-commerce platforms in the world.
The eBay marketplace is known for its auction-style listings, in which bidders compete to purchase items at the best price, as well as its fixed-price listings, in which sellers set a specific price for their items.
This sales platform offers many advantages to sellers, which is part of the whole draw to what eBay means. For one, it provides access to a large pool of potential buyers – with over 133 million active users worldwide, there’s a good chance that someone will be interested in buying your items.
What is eBay and How Does it Work?
As an e-commerce seller, chances are you’re always looking for ways to expand your reach and increase your sales. eBay is a platform that can support a wide variety of listing and shipping options.
Are you looking for a side business to supplement your income?
Selling online can be a great way to earn extra cash, and eBay is a popular platform for buyers and sellers alike. But what is eBay, and how does it work?
Don’t worry – we’ve got you covered.
Techopedia explains eBay.
eBay allows users to bid on items in real time through its auction types, such as:
Online auction format or otherwise called auction style listings.
Fixed price format
Fixed price format with best offers
It is estimated that millions of items are traded daily through eBay’s online auction format. According to the company’s corporate fact sheet for the first quarter of 2011, eBay boasts approximately 96 million active users worldwide.
eBay also owns the financial online transaction enterprise PayPal. For payment processing, along with PayPal, eBay offers several payment methods including ProPay, Moneybookers, and Paymate.
