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Type : Subsidiary of eBay (oct 2002)
Founded : Palo Alto, California USA (1998) Headquarters San Jose, California .usa
Parent : eBay Website . paypal.com
Currently, PayPal operates in 190 markets, and it manages over 184 million accounts (More than 73 million active accounts). PayPal allows customers to send, receive, and hold funds in 19 currencies worldwide.
Payments and money transfers can be made through internet.
Replaces cheques and money orders.
Payment intermediary service that facilitates worldwide e-commerce.
online vendors, auction sites, and other commercial users.
Buying and selling on eBay is easy, safe and fun . Buy what you want
There are many ways to buy, so you can choose the format that is best for you.
Make an instant purchase for products at a fixed price with Buy It Now.
Bid using the exciting auction-style format at the price you are willing to pay.
If you are the highest bidder you get the item at your price.
If you can't find what you want, let sellers
know – Post a Want It Now
Start a business or sell for fun
To sell things lying around the house
To sell old mobile phones
To make some extra money through part-time selling on eBay
To start a new business
To expand an existing offline business
eBay offers several types of auctions .
Auction-style listings allow the seller to offer one or more items for sale for a specified number of days. The seller can establish a reserve price .
Fixed Price format allows the seller to offer one or more items for sale at a Buy It Now price. Buyers who agree to pay that price win the auction immediately without submitting a bid.
Dutch Auctions allow the seller to offer two or more identical items in the same auction. Bidders can bid for any number from one item up to the total number offered .
Bidding on eBay's auction-style listings is called proxy bidding and is essentially equivalent to a Vickrey auction , with the following exceptions:
The winning bidder pays the second-highest bid plus one bid increment amount
The current winning bid is not sealed, but instead is always displayed. However, at any given moment, the highest bidder's bid is not necessarily displayed, since this amount may be higher than the amount required to win the auction.