An online auction is an auction which is held over the internet. Online auctions come in many different formats, but most popularly they are ascending English auctions, descending Dutch auctions, first-price sealed-bid or sometimes even a combination of multiple auctions, taking elements of one and forging them with another. The scope and reach of these auctions have been propelled by the Internet to a level beyond what the initial purveyors had anticipated. This is mainly because online auctions break down and remove the physical limitations of traditional auctions such as presence, time, space, and a small target audience. Now a dayÃ¢â‚¬â„¢s online bidding portal has gain much popularity. It is real time platform for buyers and seller where then can buy and sell anything as per their industry.
eBay is a multinational e-commerce corporation, facilitating online consumer-to-consumer and business-to-consumer sales. It is headquartered in San Jose, California. eBay was founded in 1995, and became a notable success story of the dot-com bubble. Today it is a multibillion-dollar business with operations in about 30 countries.
The company manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. In addition to its auction-style sales, the website has since expanded to include "Buy It Now" shopping; online classified advertisements; online event ticket trading; and other services. The website is free to use for buyers, but sellers are charged fees for listing items and again when those items are sold.
Ez Ebay Clone is a popular multi vendor auction script developed in jQuery, PHP and MySQL. This product is considered the best in category. We offer extensive customization (design and development) of this product at minimum charges.
This product can be further customized to launch a website like Propertyauctionaction, Dorotheum, Policeauctions, Mercadolivre, Metaljunction, Coincircuit, Scmp, Saffronart etc.