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+--- Thread: how does ebay work?...............? (/thread-133473.html)
how does ebay work?...............? - J Navarro - 04-08-2014 07:59 PM
So what I want to know is how it works and how the seller and or the buyer get thier bought product and money
- Deep in Thought - 04-08-2014 08:06 PM
Basically, eBay serves as an advertising medium that processes payment as well. A seller uploads a description of the item and is charged a listing fee. When a buyer/bidder buys it's their payment is processed though PayPal (which is owned by eBay). PayPal places the payment in the seller's account, minus a fee. The seller is then charged a final value fee, which is a percentage of whatever the item sold for. EBay sends the buyer's address to the seller, who then mails the item to the buyer. Both buyer and seller can leave a feedback about the transaction.
- Hitesh - 04-08-2014 08:09 PM
It's very simple... you add product description to ebay while selling it, buyer purchase it and you ship it to the buyer's address and you get your money via paypal !!
- Jazz - 04-08-2014 08:17 PM
http://computer.howstuffworks.com/internet/basics/ebay1.htm Way more information than probably you even want.