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Buyers will find great deals on all kinds of products becuase there are millions of items to choose from. Rare music records, cars, toys, collectables, brand new computers, can be found on eBay - imagine a limitless store with with limitless shelves, stocking anything and everything. For sellers, the ability to market your product to millions of daily visitors makes using eBay one of the most efficient ways to sell jsut about anything.
eBay is a very large and diverse auction website. Individual sellers put items up for sale to the highest bidder, and the seller pays eBay two small fees--(1) an fee for inserting the item in eBay's listings ($.25 up to about $2.00 for most items, depending on the "starting bid" for the item); and (2) a small percentage of the winning bid--5% of the winning bid up to $25, and 2.5% of the winning bid over $25. For "reserve" items (we will get to reserves later) the insertion fee is based on the reserve price of the item, so it is more expensive to list a reserve. Once the bidding is completed, the seller and the buyer contact each other and complete the transaction.
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Bids are made through the individual item pages for a period of 3, 5, or 7 days. Highest bidder by the closing time of the auction wins the item (except for "reserve auctions," where the winning bid must be over the "reserve" in order for the high bidder to win the item). It is required by most sellers that you "register" with eBay before you can bid on their items (registration requires a name, address, phone munber, etc.) For more information on eBay basics please go to the eBay Tutorial, which covers registration and searching for items, bidding and selling. Check out eBay today!
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