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Ebanned - Glossary of Terms

Dutch Auction

At Ebanned, our Dutch Auctions are considered instant purchase with multiple quantities. What this means is, once a bid is placed, that item is considered sold.

For sellers, bids do not increase with each bid, our Dutch format is the same as BuyIt only there are several identical items available.

An auction format which accommodates a seller with multiple identical items for sale. The seller specifies the minimum price (the starting bid) and how many items are available. Bidders specify the number of items they want.

At Ebanned, if all the items offered Dutch are sold, the bidding ends and no more items can be sold, however, the item will continue until it's normal closing time.



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