Ebay is a major auction service on the Web. It popularises the concept of buying and selling online,and both individuals and commercial enterprises list items for sale. The process of buying and selling is through price bidding, whereby the person with the highest price bid will be able to purchase the product and a transaction will be taken place. EBay is one of the successful examples for e-commerce and also the most favourable website among online shoppers.
EBay's incorporation was launched in 1995. It is founded by a French-born Italian computer programmer Pierre Omidyar who wrote the code for an auction website that he ran from his home computer. In the earlier stage, it is meant to be a marketplace for the sale of goods and services for individuals.
Nowadays, EBay is the world’s largest online marketplace. It has built an online person-to-person trading community on internet, using the World Wide Web. Every user or seller can sell or purchase anything throughout this website (www EBay.com). They can browse the listed items in a fully automated way. The items are arranged by topics, where each type of auction has its own category. These facilities are easy for the buyers to explore and enable the sellers to immediately list an item within minutes of registering.
The factor that causes EBay to be successful is the provision of an open trading platform where the market determines the values of items that are sold. EBay also provides many things for users to buy such as accessories, toys, clothing, and household goods to attract people to browse through eBay. It brings convenience and saves time for us because we can buy those goods without going shopping to shopping malls. Besides, it is a secured online transaction because it uses credit card payments under the Paypal service to make purchases so that the users will have lesser risks in terms of payments.
Furthermore, the users really enjoy the competition of the bidding process. They enjoy looking around for merchandise and gather more information from many sources so that they can make comparison of prices and product details for the same product. It gives more comfort for people to make use of purchasing goods and services online.
EBay's incorporation was launched in 1995. It is founded by a French-born Italian computer programmer Pierre Omidyar who wrote the code for an auction website that he ran from his home computer. In the earlier stage, it is meant to be a marketplace for the sale of goods and services for individuals.
Nowadays, EBay is the world’s largest online marketplace. It has built an online person-to-person trading community on internet, using the World Wide Web. Every user or seller can sell or purchase anything throughout this website (www EBay.com). They can browse the listed items in a fully automated way. The items are arranged by topics, where each type of auction has its own category. These facilities are easy for the buyers to explore and enable the sellers to immediately list an item within minutes of registering.
The factor that causes EBay to be successful is the provision of an open trading platform where the market determines the values of items that are sold. EBay also provides many things for users to buy such as accessories, toys, clothing, and household goods to attract people to browse through eBay. It brings convenience and saves time for us because we can buy those goods without going shopping to shopping malls. Besides, it is a secured online transaction because it uses credit card payments under the Paypal service to make purchases so that the users will have lesser risks in terms of payments.
Furthermore, the users really enjoy the competition of the bidding process. They enjoy looking around for merchandise and gather more information from many sources so that they can make comparison of prices and product details for the same product. It gives more comfort for people to make use of purchasing goods and services online.
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