Glossary of eBay Terms « Mugs and Megs

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Glossary of eBay Terms

Bid: telling eBay’s system the maximum price you are prepared to pay for an item.

Dutch: an auction where more than one of an item is available.

Feedback: positive or negative comments left about other users on eBay.

Mint: in perfect condition.

Non-paying bidder: a bidder who wins an auction but does not then go on to buy the item.

PayPal: an electronic payment method accepted by most sellers.

Rare: once meant hard to find, but used so often on eBay, it’s now meaningless.

Reserve: the minimum price the seller will accept for the item.

Shill bid: a fake bid placed by a seller trying to drive up their auction’s price (not allowed).

Snail Mail: the post, which is obviously very slow compared to email.

Sniping: bidding at the last second to win the item before anyone else can outbid you.

This entry was posted by Mrs C. on Friday, May 30th, 2008 at 8:55 pm and is filed under Tips . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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