eBay Glossary

About me:an eBay page that tells other users about you

Announcements board:a special online bulletin board where eBay posts timely information and updates; regular eBay users should check this board daily

Bid cancellation:the cancellation of a bid by a buyer or a seller

Bid increment:the amount by which a bid is increased each time the current bid is outdone

Bid retraction:the withdrawal of a bid; bid retractions are rarely allowed on eBay

Bidder search:a search for all the items on which a particular user has placed bids

Bidding:the act of placing a bid on a listed item

Card not present:a term used by credit card companies to describe a transaction when the seller has not seen the actual credit card; typically, this applies to Internet and mail order sales

Completed search:a search of eBay listings, which has
ended in a sale

Customer issuing bank:a financial institution that provides a customer with a credit card or other payment instrument

Cybercrime:crime related to technology, computers and the Internet

Domain name:the textual name assigned to a host on the Internet

Dutch auction:when a seller has two or more identical items offered in the same listing; also known as a Multiple Item listing

Dutch avoidance:avoiding posting a Dutch Auction by listing a single item and offering additional items for sale in the item description; this is a violation of eBay policy

Featured listing:a marketing service provided by eBay that gives listings extra exposure in the "Featured" sections at the top of listings pages

Feedback:comments made by one user about another regarding the trading experience between the two

Final value:the amount for which the item sells

Final value fee:the percentage of the final value that is paid by the seller to eBay as part of the listing fees

Gift services:an eBay service that allows you to feature your item as a gift and let buyers know that you offer services such as gift wrapping, cards and shipping directly to the recipient

Hot item:a designation that appears in search results given to nonreserve items that have received more than 30 bids; hot items are symbolized by a burning-match icon

HTML:stands for Hypertext Markup Language, a simple language used to create Web pages; can be used to enhance eBay listings

Indefinite suspension:the suspension of a user's eBay privileges for more than 60 days with no definite reinstatement date

Insertion fee:the nonrefundable fee charged by eBay to post a listing; insertion fees vary by type of listing

Internet merchant account:a special account with an issuing bank that allows a seller to accept credit cards over the Internet

Internet Service Provider (ISP):any company that provides users with access to the Internet

Item lookup:a method for searching for an item on eBay when you know the item number

Live auctions:a way to bid in real time at offline auctions through eBay

Markup:the amount by which the wholesale price of an item is increased to reach the retail price

Maximum bid:the maximum amount the buyer is willing to bid and pay for an item in a specific auction

Merge:combining several eBay User IDs (including feedback scores and comments) into one

Minimum bid:the lowest amount that can be entered as a bid for a specific auction

Mint:a subjective term used to describe an item that is in perfect condition

Multiple item listing:see Dutch Auction

Opening value:another term for a starting price

Outbid:a bidder is outbid when another bidder has placed a higher maximum bid than theirs

Outsource:hiring outside firms to provide products and services traditionally handled within a company

Password:a data string used to verify a user's identity

Payment gateway:a service that provides connectivity among merchants, customers and financial networks to process and authorize payments

Piracy:the act of illegally copying software, music or movies that are protected by copyright

Powerseller:an eBay designation for experienced, reputable eBay sellers who consistently sell a significant volume of items, maintain a 98 percent positive feedback rating, and provide a high level of service; PowerSellers are marked with icons next to their User IDs

Private listing:a type of eBay listing where the bidders' User IDs are not disclosed on the listing page or the transaction history page

Processor:a large data center that processes credit card transactions

Proxy bidding:a service that allows you to enter the maximum amount you're willing to pay for an item; the eBay system automatically places bids on your behalf, increasing your bid as necessary by standard increments to maintain your high-bid position

Reserve price:a hidden minimum amount the seller is willing to accept for a listed item

RMA:return merchandise authorization; usually a code number issued by a seller who agrees to accept a return

Shill bidding:the deliberate placing of bids to artificially raise the price of an item; shill bidding is not allowed on eBay and is illegal in many jurisdictions

Sniping:placing a bid in the closing minutes or seconds of an auction

Spam:unsolicited commercial e-mail

Starting price:the price at which bidding on an item begins; also, the lowest price a seller is willing to accept unless you have specified a Reserve Price

Supplier:a company that sells goods and services to
other companies

Trademark:any word, name, symbol or device, or any combination used or intended to be used in commerce to identify and distinguish the goods of one manufacturer or seller from goods manufactured or sold by others, and to indicate the source of the goods

Turbo lister:an eBay service that allows sellers to create and upload bulk item listings instead of manually entering information for each item

Unpaid item process:an online process provided by eBay through which a buyer and a seller can communicate to resolve a situation involving an Unpaid Item (aka nonpaying bidder/buyer)

User ID:an eBay nickname or screen name chosen by the user

Vendor:another term for supplier

Acronyms

BIN:Buy It Now

FS:Factory Sealed

GU:Gently Used

GW:Gently Worn

MWT:Mint With Tag(s)

NBW:Never Been Worn

NIB:New in Box

NR:No Reserve

NWT:New With Tag(s)

S/H:Shipping & Handling

About Me: AnAbout Me icon placed after a User ID indicates that the user has an"About Me" page that contains more information about hisor her eBay operation. The About Me icon also serves as a link tothe user's "About Me" page.

Buy ItNow: The Buy It Now icon means the item has a set price forwhich it can be purchased immediately without going through thebidding process.

Camera: Acamera means that a picture of the item is included with thelisting.

PayPal:This icon shows that the seller accepts PayPal, an eBay servicethat enables users to receive and send online payments throughcredit cards and bank accounts.

PayPal's BuyerProtection Program: This icon means that the item is eligiblefor PayPal's Buyer Protection Program.

Personwith a sunburst behind the head: This icon following a User IDindicates a new eBay user, and also alerts the seller that the newuser might need a little extra patience and assistance.

PictureFrame: A small picture frame means that the item is featured ineBay's gallery. It also means that you can see the item'sphoto in search results and browse listings.

PowerSeller: A blue silhouette in a gold star next to theword PowerSeller indicates that the user has achieved a certainlevel of sales volume and performance status within eBay.

RisingSun: A Rising Sun icon indicates that the item has been listedwithin the past 24 hours. New item icons are removed after thelisting is 24 hours old.

Two peoplewith an arrow between them: This is the Changed ID icon, whichindicates a member who has changed his or her User ID within thelast 30 days.

Wrapped Present: The Wrapped Present icon means the sellerwants to highlight the item as a potential gift, as well as offerassociated Gift Services.