Online auctions

Online auctions

1. Advantages

   • Easy to search for products
   • Can trust people on their ratings
   • Payment is secure and arranged through third party companies
   • Guarantied sell
   • Wider market
   • Guarantied to get the item you want
   • Get something you can't buy locally

2. Disadvantages

   • The ratings are trustable too a point since the seller can either hire someone to create bots or reviews
   • Scams
   • Buyers need to know what they are doing
   • Wait for deliveries
   • Trust between buyer and seller
   • Bidding wars
   • Possible fake websites
   • Could be misleading
   • Hassle to send back

3. What are they

   • They are popular
   • They are similar to traditional auctions
   • Highest bid wins the item
   • Anyone can sell itmes on them
   • Generally have second hand items or unused

4. How they work

   • Person puts description of item up along with a picture
   • The bidder then pays for the item on auction for the price they said
   • Once the seller has received payment they send it to the buyer
   • The buyer bids for items and is legally bound to keep the item unless in poor condition or if you were mislead
   • The