Online Auctions- IT

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Online auctions

New and used items. You bid over a set period of time and the highest bid wins

User feedback gives sellers and buyers credibility

Need an account for security

Other features are:

You can set a highest bid price and the site will automatically bid

Buy it now

Best offer

Users can buy + sell

Most sites are free to bid. Sellers usually pay fees to list and pay a % of final sale price.

Alerts- emails, app alerts- warn when auction is ending.

Watch list- Organise items into a list, Items you are interested in.

Feedback

Payment- Cards + Third party payment. For example, Paypal

Advantages

Often cheaper, Can find anything and you can buy secondhand.

Legal protection as other online shopping sites.

Disadvantages

Seller may be outside of UK- Import tax

Sizes

Easier to set up than an online website

Ways you can get fooled- Scamming