1936122
Description
Flashcards by Master Michael Pryke, updated more than 1 year ago
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Created by Master Michael Pryke
over 9 years ago
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| Question | Answer |
| Online auctions | By Shaun and Jake |
| New and used items. Bid over a set period of time. | The highest bid wins. |
| User feedback gives sellers and buyers credibility. | Need an account for security. |
| Other features: | Set a highest bid price, site automatically bid's for you, buy it now, best offer. |
| Users can buy and sell. | Most sites free to bid on. Sellers usually pay fees to list and pay % of final sale price. |
| Even more features: | Alerts, estimated delivery time, payment, watch list, collection, feedback and follow. |
| Benefits: | Often cheaper, can find anything, can buy 2nd hand, legal protection |
| Disadvantages: | Seller may be outside the UK, import tax, sizes, easy to set up than an online website. |
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