Click here

eBay Online Auction Format

On the eBay auction Web site, the Online Auction Format is a type of selling format where a seller lists an item for a set amount of time and buyers must place a bid to purchase. Buyers must place a bid higher than the last bid placed. At the end of the auction the buyer with the highest bid wins that item. Online Auction Format is also called Auction-Style Listing.



Top Terms

Connect with Webopedia

  • What is 250 GB Data Usage?

    What is 250 GB (250 gigabytes) and why is this phrase so popular? Webopedia explains what the phrase 250 GB means in reference to data storage...

    Read More »

Did You Know? Archive »

  • Quick Reference Archive »