eBay Term Part 2
These are the continuation from post title eBay Term part 1 where you can read it here.
Reserve Price
eBay said
The lowest price at which a seller is willing to sell an item in an auction-style listing. When sellers list an item, they can set a secret reserve price. If the highest bid does not meet the reserve price, then they’re under no obligation to sell the item to the bidder. This feature lets sellers set a low starting price to stimulate bidding among buyers, yet ensures that the item will not be sold below a price they’re willing to settle for. eBay charges an additional fee for setting a reserve price, but it is fully refunded if an item sells. For more information, see the Fees page.
Shah said
It like the lowest price you willing to let your item go. If there no bidder bid higher than your reserve price, you can re list the item back.
Feedback
eBay said
A system that eBay members use to rate their buying or selling experience with another eBay member. After a listing is completed, the buyer and seller can leave a rating (positive, neutral, or negative) and a comment about each other. These become a permanent part of a member’s profile and can be viewed by the rest of the eBay Community. To see a member’s full feedback profile, click the number in parentheses next to their User ID. The feedback system helps members build a reputation on eBay and helps check the reputation of other members of the community. For more information, see What is Feedback.
Shah said
feedback, feedback score and feedback star is all related. This three thing will be affect your reputation in eBay. So please make sure you don’t get any negative feedback from your buyer
PowerSeller
eBay said
A seller on eBay who has maintained a 98% positive feedback score and provided a high level of service to buyers. When buyers see the icon next to a seller’s User ID, they know they’re working with an experienced eBay seller.
Shah said
It’s a Bird, It’s a Plane, It’s a power seller. Hahaha… most of you can understand right definition give by eBay? no need for me to explain la.
Insertion Fees
eBay said
The fee eBay charges to a seller for listing an item. This fee varies by the type of listing and is non-refundable. See the Fees table below to learn more about how the Insertion Fee is determined in different types of listings.
Shah said
You sell item in eBay, you will be charged a listing fees. That how eBay make money.
Insertion Fees Starting or Reserve Price Insertion Fee $0.01 – $0.99 $0.20 $1.00 – $9.99 $0.35 $10.00 – $24.99 $0.60 $25.00 – $49.99 $1.20 $50.00 – $199.99 $2.40 $200.00 – $499.99 $3.60 $500.00 or more $4.80
Final Value Fees
eBay said
A fee eBay charges to a seller when a listing ends. This fee is based on the “final value” of the item, which is the closing bid or sale price. The Final Value Fee is not charged if there are no bids on an item or the high bid did not meet the reserve price the seller set. See the Fees table below to learn more about how the Final Value Fee is determined in different types of listings.
Shah said
When the item successfully be sell, you will be charged a final value fees based on final biding price.
Final Value Fees Closing Price Final Value Fee Item not sold No Fee $0.01 – $25.00 5.25% of the closing value $25.01 – $1,000.00 5.25% of the initial $25.00 ($1.31), plus 3.00% of the remaining closing value balance ($25.01 to $1,000.00) Equal to or Over $1000.01 5.25% of the initial $25.00 ($1.31), plus 3.00% of the initial $25.01 - $1,000.00 ($29.25), plus 1.50% of the remaining closing value balance ($1000.01 - closing value)
Proxy Bidding
eBay said
The feature of an auction-style listing in which eBay automatically bids on the buyer’s behalf, up to the maximum amount they set. Enter the maximum amount you’re willing to spend on an item, and eBay will continue to bid incrementally for you until either you’re the high bidder or your maximum is reached. This means you don’t have to keep coming back to bid every time someone else places a bid.
Shah said
It’s a great feature to buyer. You can set the higher price you willing to pay and let the system do the rest
Shill Bidding
eBay said
The deliberate placing of bids to artificially raise the price of an item. This practice undermines trust in the eBay Community and is not permitted. To avoid the appearance of involvement in this activity, family members, friends, and individuals living together, working together, or sharing a computer should not bid on each other’s items.
Shah said
The alternative to make sure you as a seller not selling your item below its value, please use reserve price and set the lowest price you willing to let your item go.
Sniping
eBay said
Placing a bid in the closing minutes or seconds of an auction-style listing. Any bid, placed before the listing ends, is allowed on eBay. To protect yourself from being outbid at the last moment, enter the maximum amount you’re willing to pay for an item up front, and eBay will bid automatically for you, making sure you’re the high bidder until your maximum is reached. This system is sometimes called proxy bidding.
Shah said
There a lot of software outside there that can help you does a sniping. Search in Google for the term “eBay snipper”. But most of them not free.
Second Chance Offer
eBay said
A seller can make an offer to a non-winning bidder when either the winning bidder has failed to pay for an item or the seller has a duplicate of the item. A seller can create a Second Chance Offer immediately after a listing ends and up to 60 days after the end of the listing. eBay does not charge an Insertion Fee, but if the bidder accepts the offer, the regular Final Value Fee is charged. In the case of an Unpaid Item, the seller should ensure that everything has been done to resolve the issue with the winning bidder before sending a Second Chance Offer to another bidder. See the Unpaid Items Process for details. Make sure you’re aware of other rules and restrictions surrounding Second Chance Offers.
Shah said
Fuck off to joy bidder. That all. Please don’t be a joy bidder. I really hate it. Waste my time.