Create a 1 page essay paper that discusses Online Auction.
Online auction and especially via the eBay entails one to watch the bids besides being prompt when responding to the buyers’ questions via the emails. Close watching by the seller especially on the bidding process may be extremely vital because one to increase buyers’ interests may decide to make adjustments on the uploaded images or information. Before closing, the seller can eliminate some of the buyers based on the mode of payments or those who emanating from the states one cannot ship the products to their destinations. The final step encompasses packing and shipment of the product to the intended buyer. This step is extremely sensitive because the seller ought to respond to the buyers’ questions with the necessary promptness besides settling eBay’s invoices.
ii. It provides security not only to the buyers but also to sellers (Vassou, 2008). eBay acts as mediator especially in the cases of a problematic buyer who may intend to be mischievous during transaction processes (Vassou, 2008).
ii. eBay is inflexible especially in terms of the payments, which both the transacting sides ought to accept or use. In most times, this prevents buyers from owning what they want and can afford (Hsieh,
