TheOutbidder.com
Title
Online Auctions
Description
When one thinks of online auctions they typically think of eBay, the largest online auction site. Like most auction companies, eBay does not actually sell goods that it owns itself. It merely facilitates the process of listing and displaying goods, bidding on items, and paying for them. It acts as a marketplace for individuals and businesses that use the site to auction off goods and services.
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Several types of online auctions are possible. In an English auction the initial price starts low and is bid up by successive bidders. In a Dutch auction, multiple identical items are offered in one auction, with all winning bidders paying the same price -- the highest price at which all items will be sold. (Treasury bills, for example, are auctioned this way). Almost all online auctions use the English auction.
eBay
eBay Inc. manages an online auction and shopping website, where people from all around the world buy and sell goods and services.
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