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The technical language used on eBay

Posted by ebayprofitmaster on February 9, 2010

You might have difficulty occasionally just understanding what people are meaning when they are talking about eBay.

This is simply because some of the technical language used to describe aspects of eBay life is really obscure, and you will obviously not be able to know what it means until someone has explained it to you.

Here is a list of some of the expressions often used on eBay, and their meanings.

Bid: Informing eBay about the highest price you will be prepared to pay for an item (should you win the auction)

Feedback: positive or negative comments which are entered about users on eBay after a transaction with that user.

Mint: An explanation of the condition of an item (in this case, in perfect condition)

Non-paying bidder: This is a bidder who has won an auction but then does not continue to actually pay for the item.

PayPal: This is the most popular method of electronic payment which now has to be accepted by a seller on eBay.

Reserve: This is the absolute lowest price that a seller is prepared to take for an item.

Shill bid: This is just one of many names to describe a fake bid, which has been placed by the seller of the item, in order to increase their auction’s price.

Snail Mail: This is simply the post, (royal mail in the UK, USPS in the us) which is slow in comparison to the speed of an email.

Sniping: This is bidding at the last possible second in order to win the item before anyone else has the opportunity to outbid you. This is the most popular method used to win an auction. Search for auction sniping services in Google to find services that help you snipe automatically (ezsniper offers you 3 free snipes when you first sign up)

In my next post I would like to look at the most commonly used abbreviations on eBay.

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