Monday 23 May 2016

Online Auctions

E bay one of the most successful online shopping site which offers new and used products at different prices. E bay also provides bidding facility which is very rare in online shopping and EBay is very successful in it. EBay tends to provide bidding which changes the price which is very beneficial for seller. People bid for product and mostly higher bidder gets the product. EBay is dynamic pricing website in which market determines the prices of product. Earlier amazon was also supplying this bidding option but now amazon no more offers this facility . There are few more big online shopping sites which provide bidding but EBay is biggest among them all. Online auctions take place which benefits sellers a most. Usually English Auction is preferred by websites and sellers in which price starts from minimum base price and then it kept rising as more and more customers tend to bid. Sometimes due to excessive bidding price of product gets over the value which is very useful for seller but not for buyer.

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