Definition & Meaning

Last updated 9 month ago

What is eBay?

itMyt Explains eBay:

eBay is an Digital storefront and on-line Public sale marketplace where Clients can shop for simply some thing they want. EBay advertises itself as "The Online Marketplace," and it affords a venue now not simplest for on line consumers to have interaction but also for on-line traders to marketplace and excHange their items. EBay is one of the maximum closely trafficked online shops.

eBay is designed to empower change on a regional, national and global foundation.

What Does eBay Mean?

eBay lets in clients to bid for gadgets in actual time via its auction kinds, including:

  • Online Auction Format or in any other case known as as auction-style listings
  • Fixed fee layout
  • Fixed Charge format with first-rate provide

It is envisioned that thousands and thousands of items are traded every day through eBay’s online public sale format. According to the company’s Corporate Fact Sheet for the primary zone of 2011, eBay boasts almost ninety six million active users global.

eBay additionally owns the monetary on line Transaction company PayPal. For fee processing, in conjunction with PayPal, eBay offers numerous payment strategies together with ProPay, Moneybookers, and Paymate.

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