eBay Inc. is an American multinational eCommerce corporation that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay is the world’s online marketplace; a place for buyers and sellers to come together and buy or sell almost anything.

Here’s how eBay works:

• A seller lists an item on eBay, from antiques to cars, books to sporting goods.
• The seller chooses to accept only bids for the item (an auction-type listing) or to offer the Buy It Now option, which allows buyers to purchase the item straight away at a fixed price.
• In an online auction, the bidding opens at a price the seller specifies and remains on eBay for a certain number of days. Buyers then place bids on the item. When the listing ends, the buyer with the highest bid wins.
• In a Buy It Now listing, the first buyer willing to pay the seller’s price gets the item.

eBay is extremely popular for online merchants to use as a sales channel. eBay’s available in many different countries. Anyone can open an eBay account for free. You can opt to sell as well as buy products. When you have a seller account, there are fees associated with it — for example, listing fees. The costs vary on the price you sell your products for, as well as how long you list them.