What does eBay mean?
An online shopping site that is best known for its auctions and its consumer to consumer sales. eBay is also extremely popular for online merchants that use the site as its sales channel. eBay is available in many different countries, and you can opt to search for products that are available in your local area by entering the zip code, products that are available nationally, or those that are available internationally.
Anyone can open an account on eBay for free, and you can opt to sell as well as buy products. When you have a seller account on eBay there are fees associated with the account such as a listing fee. The fees vary depending on the price you wish to sell your product for as well as how long you wish to list it for.
From its humble beginnings in 1995, eBay has evolved into a household name. Even if you’ve never used it yourself, you’ve probably heard others talk about it, or seen it on television shows, in movies and in the news.
That’s because you can buy and sell nearly everything on eBay, and millions of transactions are conducted every single day. The real draw for eBay buyers and sellers though is the completely capitalistic nature of the site. An item on eBay is worth exactly what someone is willing to pay for it.
This can mean very high prices for highly sought after items like collectibles, discontinued items, vintage items, unusual items, or anything in short supply. This has also made eBay the go to place for collectors, who can find items that would be impossible to find locally, and for sellers, who can buy low and sell high.
Collectors have flocked to eBay for the incredible selection of items, the advanced search and notification systems, the user-friendliness of the site, and the ability to avoid fraudulent transactions thanks to the anti-fraud systems implemented on eBay. Some collectors spend hours on eBay every day, and make their living by buying and selling collectibles.