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How To Set Ebay To Vacation

Written By Sunday, June 19, 2022 Add Comment Edit

American multinational e-commerce corporation

This article is about the international corporation. For the song by "Weird Al" Yankovic, encounter eBay (song).

eBay Inc.
Formerly AuctionWeb (1995–1997)
Type Public

Traded as
  • Nasdaq: EBAY
  • NASDAQ-100 Component
  • Due south&P 500 Component
Industry E-commerce
Founded September 3, 1995; 26 years ago  (1995-09-03)
Founder Pierre Omidyar
Headquarters San Jose, California, U.South.
37°17′43″N 121°55′34″W  /  37.2952°N 121.9260°W  / 37.2952; -121.9260

Area served

 Worldwide

Key people
  • Thomas J. Tierney (chairman)
  • Jamie Iannone (president​ & CEO)
Services Online shopping
Revenue Increase US$10.42 billion (2021)[1]

Operating income

 Increase US$2.92 billion (2021)[one]

Net income

 Increase Us$13.61 billion (2021)[1]
Total assets Increase US$26.63 billion (2021)[1]
Total equity Increase Us$9.78 billion (2021)[one]

Number of employees

 ~10,800 (December 2022)[ane]
Subsidiaries Sale Co., iBazar, GittiGidiyor, G-Market, Half.com, Qoo10.jp
Website www.ebay.com

eBay Inc. ( EE-bay) is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded past Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble. eBay is a multibillion-dollar business with operations in about 32 countries, as of 2022.[one] [two] The company manages the eBay website, an online auction and shopping website in which people and businesses purchase and sell a wide variety of goods and services worldwide. The website is free to use for buyers, only sellers are charged fees for listing items after a limited number of gratuitous listings, and an additional or separate fee when those items are sold.[3]

In addition to eBay'south original auction-way sales, the website has evolved and expanded to include: instant "Buy It At present" shopping; shopping by Universal Product Code, ISBN, or other kind of SKU number (via Half.com, which was shut down in 2022); and other services. eBay previously offered online coin transfers as role of its services (via PayPal,[iv] which was a wholly endemic subsidiary of eBay from 2002 to 2022);[5] online classified advertisements (via Kijiji, or eBay Classifieds Group); and online effect ticket trading (via StubHub).

History

1990s

The AuctionWeb was founded in California on September 3, 1995, by French-born Iranian-American calculator programmer Pierre Omidyar as part of a larger personal site.[6] 1 of the get-go items sold on AuctionWeb was a broken laser arrow for $14.83. Astonished, Omidyar contacted the winning bidder to inquire if he understood that the light amplification by stimulated emission of radiation pointer was broken; the buyer explained: "I'm a collector of broken light amplification by stimulated emission of radiation pointers."[7] [8] It shortly became the starting time online auction site allowing person-to-person transactions, and its popularity boomed.[9]

Reportedly, eBay was simply a hobby for Omidyar until his Internet access provider informed him he would need to upgrade to a business account due to his high website traffic. The monthly price increase from $thirty to $250 prompted him to start charging eBay users, who continued to use the site. Chris Agarpao was eBay'south offset employee; he processed mailed bank check payments.[10]

Jeffrey Skoll was hired as the first new president of the company in early on 1996. In November 1996, the E-Commerce platform entered into its first 3rd-party licensing deal, with a company called Electronic Travel Sale, to utilise SmartMarket Technology to sell plane tickets and other travel products. Growth was phenomenal: from 250,000 auctions during all of 1996 to 200,000 in January 1997 alone.[11] [half dozen] [ verification needed ]

The company officially changed the proper name of its service from AuctionWeb to eBay in September 1997, later Repeat Bay Engineering science Group, Omidyar's consulting house. The domain proper name echobay.com was already taken by a gilt mining visitor,[12] so Omidyar shortened it to eBay.com.[xiii] In 1997 the company received $6.7 million in funding from the venture capital firm Criterion Capital.[14]

The frequently repeated story that eBay was founded to help Omidyar'due south fiancée trade Pez candy dispensers was fabricated in 1997 by public relations manager Mary Lou Song to give the media a human-interest story more than appealing than Omidyar'south original vision of a "perfect market place".[fifteen] [6] The Pez dispenser myth generated enormous publicity and led to explosive early growth among toy collectors.

The leader in the toy category quickly became Beanie Babies manufactured by Ty, Inc., the most difficult toys to find in retail stores. As collectors internationally were trying to complete their collection of Beanie Babies, Ty fix the first business-to-consumer Web site, a secondary-market online trading postal service where people could trade their Beanie Babies. Nonetheless, it was overwhelmed with unsortable listings, creating an urgent need for a more efficient online trading organisation.[16] [17] Beanie Babies quickly became the dominant product on eBay, accounting for x% of all listings in 1997, equally collectors thronged eBay's user-friendly interface to search for specific Beanie Babies.

Meg Whitman was hired past the board as eBay president and CEO in March 1998. At the fourth dimension, the company had 30 employees,[18] half a million users and revenues of $iv.vii million in the Usa.[19]

On September 21, 1998, eBay went public.[20] In the risk factors section of the annual report filed with the Us Securities and Exchange Commission in 1998, Omidyar notes eBay's dependence on the continued strength of the Beanie Babies market place.[16] [21] After eBay went public, both Omidyar and Skoll became instant billionaires: eBay's target of $18 per share was all but ignored every bit the price went to $53.50 on the beginning day of trading.[22]

2000s

Equally the company expanded product categories across collectibles into almost any saleable item, concern grew quickly.[7] In 2000, eBay had 12 million registered users and a cyberinventory of more than four.5 one thousand thousand items on sale on whatever given solar day.[23] In 2001, eBay had the largest userbase of whatsoever e-commerce site.[9] In February 2002 the company purchased iBazar, a similar European auction spider web site founded in 1998,[24] and then bought PayPal on October 3, 2002.[25]

Past early on 2008 the company had expanded worldwide, counting hundreds of millions of registered users likewise as fifteen,000 employees and revenues of almost $seven.vii billion. Later on nearly ten years at eBay, Whitman decided to enter politics. On January 23, 2008, the visitor appear that Whitman would stride downwards on March 31, 2008, and John Donahoe was selected to go president and CEO.[26] Whitman remained on the board of directors and continued to advise Donahoe through 2008. In belatedly 2009 eBay completed the auction of Skype for $ii.75 billion, but even so owned 30% equity in the company.[27]

2010s

In 2022, eBay was charged by the United states Section of Justice with entering into non-solicitation agreements with other technology companies involving their highly skilled employees.[28]

On September 30, 2022, eBay announced it would spin off PayPal into a divide publicly traded company, a demand made ix months prior by activist hedge fund magnate Carl Icahn. The spinoff completed on July 18, 2022. eBay's and so chief executive, John Donahoe, stepped downward from that role.[29] [thirty] [31] Flipkart and eBay entered into a strategic partnership in 2022 under which eBay Inc caused a 5.44% pale in Flipkart in exchange for its eBay India business for $211 Mn and a $514 Mn cash investment. Every bit function of the partnership, Flipkart decided to utilize the eBay platform for global outsourcing.[32]

On January 31, 2022, eBay appear that they would replace PayPal as its primary payments provider with Netherlands-based start-up Adyen. The transition was set to be completed by 2022, but PayPal would remain an adequate payment option on the site until farther detect.[33]

On September 21, 2022, information technology was reported that eBay would install a security fence effectually the perimeter of its San Jose headquarters in response to the YouTube headquarters shooting earlier that year.[34]

On July 31, 2022, the company acquired a v.59 percent stake in Paytm Mall.[35]

On September 25, 2022, information technology was appear that Devin Wenig would be stepping downwards equally eBay's CEO, and that Scott Schenkel, senior vice president and chief financial officer since 2022, had been appointed equally the interim CEO.[36]

2020s

On April thirteen, 2022, it was announced that Jamie Iannone would become the CEO on April 27.[37] On June 15, 2022, eBay stated that[38] that five employees were terminated in September later on a police enforcement notification in August because of a possibly criminal case of harassment of journalists perpetrated by some of the terminated employees.[39] [40] [41] Six former employees were charged with Aggressive Cyberstalking. [42]

In July 2022, Adevinta announced to acquire eBay Classifieds Grouping.[43] The deal closed on June 25.[44] In May of 2022, eBay announced the launch of its outset drove of NFTs, in partnership with the NFT platform OneOf. [45]

Corporate affairs

Board of directors

As of April 2022 the lath of directors was every bit follows:[46]

  • Anthony Bates, CEO of Genesys
  • Adriane M. Dark-brown, advisor at Intellectual Ventures, LLC
  • Diana Farrell, CEO of JPMorgan Chase Institute
  • Logan Green, CEO of Lyft
  • Bonnie Hammer, Chairman, NBC Universal
  • Ballad Hayles, Chair of Audit Commission
  • Jamie Iannone, CEO of eBay.
  • Kathleen Mitic, CEO of Sitch, Inc.
  • Matt White potato, CEO of Marvell Technology Grouping
  • Paul Pressler, Partner at Clayton, Dubilier & Rice, LLC, Chairman of eBay since 2022
  • Mohak Shroff, SVP and Head of Engineering, Linkedin
  • Bob Swan, CEO of Intel Corporation
  • Perry Traquina, CEO of Wellington Management Company
Former board members
  • Pierre Omidyar, director since 1996 and chairman of eBay from May 1996 to May 2022. In 2022, information technology was announced that he will exist leaving the board, however, will however hold the managing director emeritus title. Additionally, he could notwithstanding potentially attend lath meetings if invited, but won't have the right to vote.[47]
  • Meg Whitman. She was president and CEO of eBay from 1998 to 2008.
  • Jesse Cohn, Head of U.S. Equity Activism at Elliott Management Corporation. He joined the board in 2022 and left the next year.[47]
  • Thomas J. Tierney, co-founder of the Bridgespan Group, Chairman of eBay from 2003 until 2022
  • Fred D. Anderson, former managing director of Height Partners, managing director of eBay from 2003 until 2022

In September 2022, eBay introduced a new logo using a thinner variation of the Univers typeface,[48] installed on the website on October 10, 2022. It replaced the thicker Univers logo that had been used since eBay'southward inception in 1995. An all red eBay logo with the same type set was also introduced to be used temporarily for various holidays.

  • 1995–2012

    1995–2012

  • 2012–present

    2012–present

Profit and transactions

eBay generates revenue by a circuitous system of fees for services, list product features, and a terminal value fee for sales proceeds by sellers. As of 2022 the Us-based eBay.com charges $0.35 as an insertion fee for a bones listing without any adornments. The final value fee is 10-12% of the total corporeality of the sale, which is the toll of the detail plus shipping charges.[49] Reduced last value fees are available to business registered customers. Other eBay websites follow a like fee structure, merely with dissimilar cost charges.

Under US constabulary before 2022, a state could not require sellers located outside the state to collect a sales tax, which made making purchases on eBay more attractive to US buyers. Sellers that operate as a business concern do follow land revenue enhancement regulations on eBay transactions.[50] [51] Since 2022, changes to tax law in the United states force eBay (and other large marketplaces) to collect sales tax on any eBay purchase shipped to sure states.[52]

The company'due south business concern strategy includes increasing international trade.[53] [54] eBay has already expanded to over 2 dozen countries, including China and India. Strategic international expansion has failed in Taiwan and Nippon, where Yahoo! had a head start, and New Zealand, where Trade Me is the dominant online auction website. eBay besides notably failed in Cathay due to competition from local rival Taobao.[55] eBay entered the Chinese market in 2002 and close downwardly its Chinese site in 2007.[56] In India, eBay's operations came to a halt[57] after it sold off its Republic of india operations[58] to country'south largest ecommerce company Flipkart, in the latter's $1.4Bn fundraise, where eBay was a participant.

In its Q1 2008 results, total payment book via PayPal increased 17%, merely of the eBay sale site it was upwardly 61%.[59]

For most listing categories, eBay sellers are permitted to offering a diversity of payment systems such as Escrow.com,[60] PayPal, Paymate, Propay, and Skrill.[61] Propay and Skrill were banned constructive September 27, 2022, citing depression usage.[62]

Escrow.com is eBay'south approved escrow site. The transactions processed through Escrow.com largely are in relation to eBay Motors; yet, they are not restricted to this type of listing.[sixty]

eBay runs an affiliate programme nether the name eBay Partner Network.[63] eBay affiliate marketers were originally paid a percentage of the eBay seller's transaction fees, with commissions ranging from 50% to 75% of the fees paid for an particular purchased. In October 2009, eBay changed to an affiliate payout system that it calls Quality Click Pricing, in which affiliates are paid an amount determined by an undisclosed algorithm. The total earnings amount is then divided by the number of clicks the affiliate sent to eBay and is reported every bit Earnings Per Click, or EPC. In October 2022, ePN launched a new pricing model. The new model is more than transparent and is based on category-level base commission rates with bonuses bachelor for referring new and reactivated buyers.[64]

On April 18, 2022, eBay reported a 29% Q1 revenue increase to $3.3 billion compared to their Q1 in 2022. Cyberspace income was reported to be at $570 million for the quarter.[65]

For the fiscal year 2022, eBay reported losses of US$1.016 billion, with almanac revenue of US$9.567 billion, an increment of 6.half-dozen% over the previous fiscal cycle. eBay's shares traded at over $35 per share, and its market capitalization was valued at over Usa$27.ii billion in Oct 2022.

Yr Revenue
in mil. USD$ 		Net income
in mil. USD$ 		Total Assets
in mil. USD$ 		Cost per Share
in USD$ 		Employees
2005[66] four,552 1,082 11,789 15.65
2006[67] 5,970 1,126 13,494 xiii.00
2007[68] seven,672 348 15,366 13.25
2008[69] 8,541 ane,779 15,592 ix.58
2009[70] 8,727 2,389 18,408 seven.29
2010[71] ix,156 ane,801 22,004 ix.68
2011[72] 11,652 three,229 27,320 12.28
2012[73] 14,072 2,609 37,074 sixteen.61
2013[74] xvi,047 ii,856 41,488 21.03 33,500
2014[75] 8,790 46 45,132 21.01 34,600
2015[76] 8,592 1,725 17,755 25.00 eleven,600
2016[77] viii,979 seven,266 23,847 27.08 12,600
2017[78] nine,567 −i,016 25,981 35.06 14,100
2018[79] 10,746 ii,530 22,819 34.31 fourteen,000
2019[80] 10,800 1,792 eighteen,174 35.fifty xiii,300
2020[81] 8,894 5,667 19,310 12,700
2021[1] 10,420 thirteen,608 26,626 10,800

Environmental record

On May 8, 2008, eBay appear the opening of its newest edifice on the company'due south Due north Campus in San Jose, which is the first structure in the city to be built from the basis upwardly to LEED Gold standards.[82] The building, the first the company had built in its 13-year being, uses an array of 3,248 solar panels, spanning threescore,000 square feet (5,600 mii), and providing 650 kilowatts of power to eBay'south campus.[83] The assortment tin supply 15–18% of the company'southward total free energy requirements, reducing the amount of greenhouse gases that would be produced to create that free energy by other means.[83] SolarCity, the visitor responsible for designing the array, estimates that the solar panels installed on eBay'due south campus will foreclose 37 million pounds of carbon dioxide from existence released into the environment as a result of replaced power production over the adjacent three decades. Creating an equivalent touch to remove the same corporeality of carbon dioxide from the temper would crave planting 322 acres (ane.30 kmtwo) of trees.

The pattern of the edifice also incorporates other elements to reduce its affect on the environs. The edifice is equipped with a lighting system that detects natural ambient light sources and automatically dims artificial lighting to save 39% of the power normally required to lite an office edifice. eBay'southward newest building besides reduces demand on local water supplies by incorporating an eco-friendly irrigation organisation, and low-flow showerheads and faucets. Even during construction, more than 75% of the waste from construction was recycled. eBay likewise runs buses between San Francisco and the San Jose campus to reduce the number of commuting vehicles.[82] In 2022, eBay and several other Oregon businesses signed the Oregon Business concern Climate Declaration to promote local job growth and slow carbon pollution.[84]

Erstwhile subsidiaries and investments

PayPal

On October three, 2002, PayPal became a wholly owned subsidiary of eBay.[85] Its corporate headquarters were sited in San Jose, California,[86] United States at eBay'southward North Outset Street satellite office campus. On September thirty, 2022, eBay Inc. appear the divestiture of PayPal as an independent company, which was completed on July twenty, 2022.[87]

Craigslist

In the summertime of 2004, eBay acknowledged that information technology had caused 25% of classified listings website Craigslist. Former Craigslist executive Phillip Knowlton was the seller, and he insisted that his former employer was enlightened of his plans to divest his holdings. Initially, eBay assured Craigslist that eBay would not ask Craigslist to change the way information technology did concern.

In March 2005, eBay launched the classifieds service Kijiji. In April 2008, eBay sued Craigslist to "safeguard its iv-year financial investment", challenge that in January 2008, Craigslist took deportment that "unfairly diluted eBay'southward economic interest by more than 10%".[88] Craigslist countersued in May 2008 "to remedy the substantial and ongoing harm to fair competition" that Craigslist claimed was constituted past eBay'southward actions as a Craigslist shareholder.[89] In September 2010, Delaware Judge William Chandler ruled that the actions of Craigslist were unlawful and that the actions were taken by Craigslist founders Jim Buckmaster and Craig Newmark had "breached their fiduciary duty of loyalty", and restored eBay's stake in the company to 28.4% from a diluted level of 24.85%.[90] Withal, the estimate dismissed eBay's objection to a staggered lath provision, citing that Craigslist has the right to protect its own trade secrets.[91] [92] eBay spokesman Michael Jacobson stated "We are very pleased that the court gave eBay what it sought from the lawsuit."[90]

Skype

In October 2005, eBay Inc. acquired Skype Technologies,[93] developer of the Skype VoIP and Instant messaging service, significantly expanding its client base to more than 480 million registered users worldwide. eBay later sold a majority stake in Skype in November 2009, while retaining a minority investment.[94] This eventually led to the sale of the entire Skype business to Microsoft for $8.5 billion in May 2022.[95]

StubHub

StubHub'south acquisition by eBay was announced in Jan 2007 for a reported $310 million.[96] [97] [98] According to CNN Money, 2007 was a very successful yr for the company, handling five million individual transactions, more than in the previous six years combined of its history.[99] Staffing at StubHub had increased to 350 workers by the fourth dimension of the sale.[98] Viii months later on the acquisition, StubHub reached an exclusive understanding with Major League Baseball (MLB).[99] They get a piece of the 25% in commissions StubHub earns on either end of a auction. Ticketmaster filed a lawsuit confronting StubHub and eBay in 2007, alleging "intentional interference" with Ticketmaster's contractual rights.[100] In November 2022, eBay agreed to sell StubHub to Viagogo for $4.05 billion in cash;[101] the sale was completed in Feb 2022.[102]

Qoo10.jp

In April 2022, eBay acquired the Japanese division of Qoo10, a market place driven by Giosis and having the 4th GMV in Japan, for a reported $573 1000000.[103] With the close of the transaction, eBay also has relinquished its investment in Giosis' non-Japanese businesses. This acquisition expands eBay's footprint in Nippon, one of the largest eastward-commerce markets in the world. eBay fabricated an initial investment in Giosis Pte. Ltd. in 2010. Since then, Giosis has established dynamic marketplace businesses across Asia. eBay'south Nihon business organisation, including Giosis' Japan business, volition report into Jooman Park, senior vice president of eBay'due south Asia Pacific region.[104]

Service functionality

eBay is a publicly visible market which has attracted interest from economists, who take used it to analyze aspects of buying and selling behavior, auction formats, etc., comparing them with previous theoretical and empirical findings.

Figurer information systems researchers take too shown involvement in eBay. Michael Goul, Chairman of the Computer Information Systems section of the W. P. Carey School of Business organisation at Arizona Land University, published an academic case based on eBay'southward big data management and utilise in which he discusses how eBay is a data-driven company that processes fifty petabytes of data a solar day.[105]

eBay uses a organization that allows different departments in the company to check out data from their data mart into sandboxes for analysis. According to Goul, eBay has already experienced significant business organisation successes through its information analytics. eBay employs 5,000 data analysts to enable data-driven determination making.[105]

Third party

In 2006, the bookkeeping software visitor Intuit launched a web-based donation tracking service called ItsDeductible. The service uses information from eBay to assistance users assign a market place value to the items they donate.[106]

Visual search

In July 2022, eBay released an image search capability allowing users to discover listings on the site that friction match an item depicted in a photograph, using artificial intelligence and machine learning technologies.[107]

GCHQ

UK's GCHQ has a suite of tools for monitoring target use of eBay, named ELATE.[108]

Items

Millions of collectibles, decor, appliances, computers, furnishings, equipment, domain names,[109] vehicles, and other miscellaneous items are listed, bought, or sold daily on eBay. In 2006, eBay launched its Business & Industrial category, breaking into the industrial surplus concern. Generally, annihilation can be auctioned on the site as long as it is non illegal and does not violate the eBay Prohibited and Restricted Items policy.[110] Services and intangibles can be sold, too. Big international companies, such every bit IBM, sell their newest products and offer services on eBay using competitive auctions and fixed-priced storefronts. Separate eBay sites such as eBay US and eBay UK let the users to merchandise using the local currency. Software developers can create applications that integrate with eBay through the eBay API past joining the eBay Developers Program.[111] In June 2005, there were more than 15,000 members in the eBay Developers Programme, comprising a broad range of companies creating software applications to support eBay buyers and sellers also as eBay Affiliates.

Numerous government and constabulary agencies[112] effectually the world now use eBay as well every bit traditional auctions to dispose of seized and confiscated goods.

Controversy has arisen over certain items put upward for bid. For example, in late 1999 a human offered 1 of his kidneys for auction on eBay, attempting to profit from the potentially lucrative (and, in the United States, illegal) market for transplantable human organs.[113]

eBay N First Street satellite office campus (home to PayPal)

Beginning in August 2007, eBay required listings in "Video Games" and "Wellness & Dazzler" to take its payment arrangement PayPal and sellers could only accept PayPal for payments in the category "Video Games: Consoles".[114] Starting January 10, 2008, eBay said sellers can just accept PayPal as payment for the categories "Computing > Software", "Consumer Electronics > MP3 Players", "Wholesale & Job Lots > Mobile & Dwelling house Phones", and "Concern, Function & Industrial > Industrial Supply / MRO".[115] eBay announced that starting in March 2008, eBay had added to this requirement that all sellers with fewer than 100 feedbacks must offer PayPal and no merchant account may be used as an culling.[116] [117] This is in addition to the requirement that all sellers from the Great britain accept to offering PayPal.[118]

Farther, and as noted below, it was a requirement to offering PayPal on all listings in Commonwealth of australia and the UK. In response to concerns expressed past the Australian Competition & Consumer Commission, withal, eBay has since removed the policy on the eBay.com.au website requiring sellers to offer PayPal as a payment option.

On April 24, 2006, eBay opened its new eBay Express site, which was designed to work like a standard Internet shopping site for consumers with United states of america addresses.[119] Before it closed in 2008, selected eBay items were mirrored on eBay Express, where buyers used a traditional digital shopping cart to buy from multiple sellers.[120] The Britain version was launched to eBay members in mid-October 2006, but on Jan 29, 2008, eBay appear its intention to close the site.[121] The German version, eBay Limited Germany,[122] was also opened in 2006 and closed in 2008.

At the 2008 eBay Developer's Briefing, eBay announced the Selling Manager Applications program (SM Apps).[123] The programme allows canonical developers to integrate their applications directly into the eBay.com interface.[124] The applications created by developers are available for subscription by eBay members who besides subscribe to Selling Manager.

eBay maintains a number of specialty sites including the discussion boards, groups, respond middle, chat rooms, and reviews and guides. eBay's mobile offerings include SMS alerts, a WAP site, Java ME clients, and mobile applications for Windows Phone, Android Bone, and Apple iPhone.

The initiative Pick in eCommerce was founded on May eight, 2022, by several online retailers in Berlin, Germany.[125] [126] [127] [128] [129] [130] [131] [132] [133] The crusade was, in the view of the initiative, sales bans and online restrictions by individual manufacturers. The dealers felt cut off from their main sales channel and thus deprived them the opportunity to use online platforms like Amazon, eBay, or Rakuten in a competitive market for the do good of their customers.

Unusual items

Many unusual items have been placed for sale on eBay, including at least 2 previously undiscovered species, including the Coelopleurus exquisitus sea urchin.[134] [135]

Prohibited or restricted items

In its earliest days, eBay was about unregulated. However, as the site grew, it became necessary to restrict or prohibit auctions for various items. Note that some of the restrictions relate to eBay.com (the U.s.a. site), while other restrictions apply to specific European sites (such as Nazi paraphernalia). Regional laws and regulations may apply to the seller or the heir-apparent. Generally, if the sale or ownership of an particular is regulated or prohibited by one or more states, eBay will not allow its listing. Among the hundred or so banned or restricted categories:

  • Tobacco (tobacco-related items and collectibles are accepted.)[136]
  • Alcohol (alcohol-related collectibles, including sealed containers, likewise as some wine sales past licensed sellers are immune, some sites such as ebay.com.au allow licensed liquor sales)[137] (eBay appear September 21, 2022, it will begin removing listings for beer and liquor from its site afterward a story was aired on ABC serial 20/twenty.)[138]
  • Drugs and drug paraphernalia[139]
  • Items that "promote or glorify hatred, violence, racial, sexual, or religious intolerance, or promote organizations with such views". This includes Nazi paraphernalia, although in that location are exceptions to this dominion for Nazi items such as stamps, letters, and envelopes displaying Nazi postmarks (must comply with the currency and postage policy)
  • Items depicting the Confederate battle flag.[140]
  • Bootleg recordings[141]
  • Firearms and ammunition (as of January one, 1999),[142] including whatsoever parts that could be used to assemble a firearm likewise every bit (as of July 30, 2007) any firearm part that is required for the firing of a gun, including bullet slugs, brass casings and shells, slides, cylinders, magazines, firing pins, trigger assemblies, etc. Diverse types of knives are as well forbidden.
  • Police and emergency service vehicular warning equipment such every bit red or blue lights and sirens (antique or collectible items are exempt)
  • Intentionally soiled underwear (see Panty fetishism) and dirty used vesture[143]
  • Forged, illegal, stolen, or confidential documents, which include passports, Social Security cards, drivers licenses, voter registration cards, birth certificates, school documents, medical records, financial information, government license plates, or government classified information documents. Any detail that is used to change documents is also restricted.[144]
  • Human trunk parts, organs, and remains (with an exception for skeletons and skulls for scientific written report, provided they are not Native American in origin)[145]
  • Live animals (with certain exceptions)[146]
  • Sure copyrighted works or trademarked items[147]
  • Lottery tickets, sweepstakes tickets, or whatsoever other gambling items.[148]
  • Armed services hardware such every bit working weapons or explosives with the exception of demilitarized vehicles.
  • Whatever object of Iranian, Cuban, Syrian or North Korean origin.[149]
  • Enriched uranium, plutonium, and other fissile material.
  • Sure categories of sexually oriented fabric, which must be listed in the "Adult But" category,[150] however certain items prohibited:[150]
    • Child pornography
    • Materials deemed obscene, including animality, necrophilia, rape, coprophilia, and incest
    • Used sex toys
    • Services including whatsoever sex activity
    • Links to sites that contain prohibited items
    • Adult products that are delivered digitally
  • Virtual items from massively multiplayer online games, restrictions that vary past land[151] [152]
  • Ivory products[146]
  • Knives, other than some cutlery, are prohibited in the UK following the criminal importation into the UK (by BBC Watchdog researchers) of several knives that were already illegal to own or import under existing UK legislation. The ban likewise includes empty leather knife scabbards if they are listed under the category of "knives" on one of the eBay sites[153]
  • Fortune-telling and witchcraft-related services[154]
  • Souls, ghosts, and other "items whose existence cannot be verified" are prohibited.[155] [156] [157]
  • Surgical masks, manus sanitizer, disinfecting wipes, and other products associated with COVID-19 pandemic in order to end price gouging [158] [159]
  • Many other items are either wholly prohibited or restricted in some manner.[160]

Bidding

Auction-style listings

Bidding on eBay (old or new)'s auction-style list is called proxy bidding and is essentially equivalent to a Vickrey auction (sealed-bid), with the post-obit exceptions.

  • The winning applicant pays the 2nd-highest bid plus one bid increment amount (that is, some small-scale predefined amount relative to the bid size), instead of simply the highest bid. Notwithstanding, since the bid increase amounts are relatively insignificant compared to the bid size, they are not considered from a strategic standpoint.[161]
  • The highest bidder'due south bid is sealed, every bit in a Vickrey sale, merely the current winning bid (2d highest plus ane increase) is displayed throughout the auction to let price discovery.[162]
  • Because eBay'southward auction-style listings are sealed-bid, it is commonly to all bidders' advantage that bids are made but at the very stop of the sale (except for an initial minimum bid, that cancels out a "Buy It Now" pick, or prevents the seller from ending the list early). Early bids will usually non increase the bidder's chance of winning the auction, and will often enhance the item's concluding price (winning bid) for the eventual winner.
  • eBay also allows sellers to offer a "Purchase it Now" toll that will end the auction immediately. The Buy Information technology Now price is bachelor until someone bids on the particular, or until the reserve price is met. When the Purchase It Now selection disappears, the sale-manner listing proceeds commonly.[163]

Seller ratings

In 2008, eBay implemented a arrangement of seller ratings with four categories. Buyers are asked to charge per unit the seller in each of these categories with a score of one to five, with five being the highest rating. Unlike the overall feedback rating, these ratings are bearding; neither sellers nor other users learn how individual buyers rated the seller. The listings of sellers with a rating of four.3 or below in whatever of the four rating categories appear lower in search results. Power Sellers are required to take scores in each category to a higher place 4.v.[164] [165] [166] [167] [168]

In a reversal of roles, on January 24, 2010, Auctionbytes.com held an open survey in which sellers could rate eBay, too equally competing auction and market place sites.[169] In the survey, users were asked to rank fifteen sites based on five criteria: profitability, customer service, communication, ease of utilize, and recommendation.

eBay was ranked 13th,[170] after other large sites such every bit Amazon and Craigslist, equally well as bottom-known selling sites such as Atomic Mall, eCRATER, and Cerise Lane. In private category rankings, eBay was rated the worst of all the 15 sites on customer service and communication, and average on ease of employ. Some respondents stated they would have given eBay a rating of x, iii to five years ago. eBay was rated twelfth out of xv in the Recommended Selling Venue category.

Charity auctions

Using MissionFish as an arbiter, eBay allows sellers to donate a portion of their auction proceeds to a clemency of the seller's selection.[171] The program is called eBay Giving Works in the U.s., and eBay for Charity[172] in the Britain. eBay provides a fractional refund of seller fees for items sold through charity auctions.[173] As of March 4, 2010, $154 million has been raised for US nonprofits past the eBay Community since eBay Giving Works began in 2003.[174]

Some high-profile charity auctions have been advertised on the eBay home folio.[175] As of June 2010, the highest successful bid on a single detail for clemency was for the annual "Power Tiffin"[176] with investor Warren Buffett at the famous Smith & Wollensky Steakhouse in New York. The winning bid was $2.63 million with all of the gain going to the Glide Foundation. The winning applicant was not made public, but was able to bring upwards to seven friends to the lunch. In 2022, a college bid, of $3.46 million, also going to the Glide Foundation, won a lunch with Buffet.[177] In 2022 an anonymous applicant won a $iii.45 1000000 luncheon with Warren Buffett and the money raised from the sale was given to Glide Foundation.[178]

The previous highest successful bid on a single item for charity was for a letter[179] sent to Mark P. Mays, CEO of Articulate Channel (parent visitor of Premiere Radio Networks the product company that produces The Rush Limbaugh Testify and Glenn Beck Program) by Senator Harry Reid and twoscore other Democratic senators, lament about comments made by bourgeois talk show host Rush Limbaugh. The winning bid was $ii,100,100, with all of the proceeds going to the Marine Corps-Law Enforcement Foundation, benefiting the instruction of children of men and women who have died serving in the military machine. The winning bid was matched by Limbaugh in his largest charity donation to date.[180]

In 2007, eBay Canada partnered with Montreal-based digital branding agency CloudRaker to develop a campaign to raise coin for Sainte-Justine children's infirmary in Montreal. They aligned themselves with Cyberspace phenomenon Têtes à claques to create an eBay auction based on popular T-A-C graphic symbol Uncle Tom, an infomercial host who pitches absurd products. eBay and CloudRaker reproduced Uncle Tom'due south imaginary products, The Body Toner Fly Swatter, The Willi Waller Tater Peeler, and the LCD Shovel and sold them online. In six weeks, they raised $15,000 for Hôpital St-Justine with i fly swatter, i murphy peeler, and ane shovel, a world record. The Body Toner Fly Swatter sold for $viii,600, the Willi Waller Spud Peeler sold for $iii,550, and the LCD Shovel sold for $2,146.21.

Shipping

During auction setup, eBay provides aircraft-method choices to sellers: ordinary mail, express postal service, and/or courier service. The seller may choose to offer only one shipping method to buyers, or the seller may offer buyers a choice of options.

Very-low-value items shipped straight from China are sometimes shipped by surface mail (seamail), which is cheap just takes one to two months.[181] If the buyer is in a hurry, he or she might exist able to pay an extra fee to upgrade to second-grade Surface Air Lifted aircraft or to offset-class airmail shipping.

Since 2022, eBay has been enlisting sellers into its "Global Shipping Program". If a seller uses the program, non-domestic buyers pay a fee to Pitney Bowes. The seller sends the item to a Pitney Bowes facility in the United states (or the UK), which then forwards information technology to the buyer, taking care of all international shipping requirements. The program is claimed to enhance the product selection available to international buyers.[182]

In March 2022, eBay stopped shipping in Russia and Ukraine due to the 2022 Russian invasion of Ukraine.[183]

Controversies and criticism

Common eBay criticisms involve the policy of requiring the use of PayPal for payments and concerns over fraud, forgeries and intellectual property violations in auction items.[ citation needed ] In that location are also issues of how negative feedback after an auction tin outset the benefits of using eBay equally a trading platform.[ citation needed ] eBay has been criticized for non paying U.k. taxes: the Sunday Times reported in Oct 2022 that eBay paid only £1.2m in tax on sales of over £800m.[184]

2014 security breach

On May 21, 2022, the visitor revealed that the consumer database of usernames, passwords, phone numbers, and physical addresses had been breached between tardily February and early March. Users were advised to change their passwords; to expedite this, a "change password" feature was added to profiles of users who had not withal washed so. The Syrian Electronic Army took responsibility for the attack. The Ocean said that fifty-fifty though the hack revealed millions of users' banking details to them, they would non misuse the data. They had replaced the front pages of the websites with their ain logo, called "Defacing" in technical terms. The hack caused eBay'southward share cost to crash in intra-twenty-four hour period trade as a event of the breach of security.[185] [186] [187] [188]

Stalking scandal

A cyberstalking and harassment entrada conducted in 2022 against an online newsletter led to charges made public in 2022 against seven members of eBay's global security squad, every bit well as arrests of two of those charged. Wenig, the company's CEO at the time of the harassment entrada, has not been non charged.[189] [190] [191] [192]

Run into also

  • Alibaba Group, Chinese e-commerce company
  • eBay v. Bidder's Edge
  • Tiffany (NJ) Inc. v. eBay Inc.
  • Shopping neutral
  • ShopWorn

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External links

  • Official website Edit this at Wikidata
  • ebay - YouTube
  • Business organization information for eBay Inc:
    • Bloomberg
    • Google Finance
    • Reuters
    • SEC filings
    • Yahoo! Finance

Source: https://en.wikipedia.org/wiki/EBay

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