| Automatic
Bidding- |
Use max-bid to place bids
at the lowest possible winning increments. You enter the highest
amount you are willing to pay; the system automatically places bids
for you at the lowest increment needed to win your item at the
lowest possible price. |
| Bid- |
A one time bid entry for
an item. This bid is not used in proxy bidding. |
| Bid
Increment- |
This is the amount by
which you must increase your bid over the current high bid. Sellers
set the bid increment when they create the auction. |
| Bidding- |
The act of placing a bid
on an auction item. |
| Deadbeat
Bidder- |
This is what you get
labeled if you do not promptly pay for the items you win. Ebanned
has a low tolerance for deadbeat
bidders and you will find yourself sitting on the outside if you
take up this nasty habit. |
| Dutch
Auction- |
An auction format which
accommodates a seller with multiple identical items for sale. Our
software runs Dutch Auction at a "Fixed Price". Simply
put, the seller determines the price they wish for the items and
determines how many they have available. Once bidders have reached
the amount of items the seller has offered, the auction will continue
to the ending time with no one being able to bid again. |
| Change
Registration/Password- |
This is used to change
parts of your user profile, such as email address, mailing
address and password. |
| Featured
Auction- |
Prominent listing on the home
page and category pages of an auction service, for which sellers
pay a premium. |
| Feedback- |
Comments of buyers and
sellers about their experience with specific other buyers and
sellers are invited by the auction services and cannot be removed or
changed once submitted. The theory is that this motivates everyone
to be on his or her best behavior. |
| Feedback
Padding- |
Fraudulent positive
feedback about a user and his auctions. Sometimes over-zealous
sellers cross the line of propriety by padding their online feedback
files in expectation of improving their sales. Very bad! |
| Feedback
Rating- |
Both sellers and buyers
are encouraged to rate the people with whom they conduct
transactions as to value, service, courtesy, and general
satisfaction. These ratings cannot be removed or changed, once
submitted, and they're easily accessible to all users. Your feedback
can positively or negatively influence sales success. If your buyers
give you a high rating, potential future buyers are more apt to give
you their business as well. |
| Fraudulent
Seller- |
This is what you are if
you place an auction, get paid for it but never deliver the item.
Frauds don't last long around here. Ebanned takes an aggressive
stance against fraud of any kind and will act accordingly and
swiftly to sellers found practicing these bad business habits. |
| High
bidder- |
The participant who bids
the greatest amount. |
| Hot
Items- |
Auctions, which get a
large number bids, are placed in the Hot Items section. A Hot Items
icon also appears in regular listings, search results, and other
miscellaneous pages. |
| HTML- |
Short for Hypertext
Markup Language. A Hypertext document format used on the World Wide
Web. HTML utilizes Tags, which are embedded in the text to format
the document to be viewed by a web browser. Ebanned handles
the HTML
automatically when you place HTML
in the Description Field as you create the auction. |
| Length of
Auction- |
The number of day's
people can bid on your auction. Most auctions are open for at least
a week to allow buyers to locate and bid on the item. The seller
determines the length of the auction when they create the auction. |
| Maximum
Bid- |
The highest price a buyer
will pay for an item, submitted in confidence to our automated
bidding system to facilitate proxy bidding. |
| Minimum
Opening Bid- |
The seller stipulates a
minimum opening bid, which sets the opening price given in your
listing when it first goes online and before there are any bidders.
This amount should not be as high as the hidden "Reserve
Price," if you have one. Many sellers believe it works to set
your Opening Bid as low as possible - $1.00. |
| Not a
Registered User- |
This is what happens when
a member cancels their account or has their account terminated for achieving
the lowly status of deadbeat bidder or problem seller. |
| Outbid- |
To submit a maximum bid
that is higher than another buyer's maximum bid. You can even outbid
yourself if you get too excited and try to raise your proxy. |
| Picture
Hosting- |
If you have pictures in
your listings, they must be stored somewhere on the Web, accessible
through their own unique URL (or web address). You scan and upload
the picture to your server then, enter the URL of the picture when
you create the auction. We recommend
Photeto. |
| Post- |
The act of publishing a
listing to an online site. |
| Proxy
Bidding- |
Placing a maximum bid,
which is held in confidence by Ebanned. Ebanned will use only as
much of the maximum bid as is necessary to maintain the bidder's
high bid position. |
| Ratings
and Feedback- |
Ebanned makes it possible
to offer feedback on both sellers and buyers. This allows the whole
auction community to know if a participant has had a positive or
negative experience with another member. Members may offer feedback
in the form of verbal comments from the
Leave
Feedback Page. |
| Register- |
In order to participate
in Ebanned's auctions, whether as a bidder or seller, you need to register.
Registration is free and required. Your information is private.
Our
privacy policy
TOS |
| Registered
User- |
A person who has
registered as a member of Ebanned. All online auction services
require registration
prior to buying and selling. There is no fee or other financial
commitment required to be a Registered User, however we require a
credit card be used to verify your age. |
| Re-listing- |
The re-listing of an item
by a seller after it has not received any bids or met its reserve
price. |
| Reserve
Bid- |
When a seller sets a
Reserve Bid amount they are stating that this value, which is not
disclosed to the bidders, except to announce whether the Reserve Bid
has been met, is the lowest bid that they will accept as a
successful auction. As a Seller this allows you to set a minimum
amount that you will sell your item for. You should be aware that
setting your Reserve Bid too high would result in you item not
selling. |
| Reserve
Not Met- |
Reserve not met means
that no one has yet bid as much as the minimum price that the seller
will accept. |
| Reserve
Price- |
The lowest price at which
a seller is willing to sell an item. Bidders never see the reserve
price. A seller might indicate a reserve price if they are unsure of
the real value of the item and would like to reserve the right to
refuse to sell the item if the market value is below a certain
price. If an item has a reserve price, that will show on auction
page. Conventional wisdom says that buyers prefer auctions that have
"No Reserve," and that you will attract more bidders if
you don't list a reserve price. |
| Registration
Agreement- |
The registration
agreement outlines the terms of use for Ebanned. All registered
users must agree to these terms before they can place an online bid
or sell an item. |
| Shill
Bidding- |
The deliberate placing of
bids to artificially drive up the price of an item. This is also
know as "bid padding" and is not allowed and could be
illegal in your area. |
| Sniping- |
Out-bidding other buyers
in the closing minutes or seconds of an auction. This is a perfectly
legitimate and sensible tactic for buyers who spot something they're
interested in, but don't want to prematurely up the price early in
the auction. They wait, then pounce at the last minute. You
shouldn't be upset if there isn't much action on your listing in the
first days. On the last day, in the last hour, and in the last
seconds, there could be a lot of activity and rapid escalation to
the final winning bid. |
| Starting
Price- |
The mandatory starting
bid for a given auction, set by the seller at the time of listing.
[Same as Minimum Opening Bid.] |
| Suspended- |
This usually occurs when
a seller hasn't paid their listing fees or has questionable
activities. |
