| Stated simply, like any other auction site eBay | | | | in the range of 25 cents to $5 for listing an item for |
| functions in the same manner. The only difference | | | | sale. |
| between eBay and other similar auction sites lies in | | | | Then you have to define the time period of bid - in |
| size. No other site comes even closer to eBay in | | | | other words, how long this item will be on sale on |
| terms of number of items on sale at any given point of | | | | eBay. In addition to this, the seller has to decide the |
| time. | | | | minimum amount for the bid i.e., the amount below |
| It is very easy to understand the basic functioning of | | | | which the seller will not accept the bid for selling the |
| eBay. This functioning is similar for seller and buyer. | | | | listed item. People interested in buying the listed product |
| Both the parties have to register themselves on eBay. | | | | start bidding for the item. After the expiry of the time |
| Registration process is easy to understand and follow. | | | | frame, the person (buyer) with maximum bid gets the |
| Once the seller has registered himself on eBay, he can | | | | item for the amount he has placed the bid for. The |
| think of putting an item on sale. This item could be new | | | | seller has to make arrangements for delivering the |
| or old. This has to be specified at the time of putting | | | | item (as decided at the time of listing the item) after |
| the item on sale or listing the item. There are charges | | | | receiving the payment from the maximum bidder. |