A list of the categories in which an auction site places its auctions. Closing The time that the last bid will be accepted, the end of the auction. Commission A percentage of the final sale price that is paid by the seller to the auction . Final Value Fee Counters A service which counts the number of users who view an auction D Deadbeat Bidder A winning bidder who does not pay for the item purchased. An auction where multiple lots of the same item are up for bid.
Bidders bid on both quantity and price.
E Early Close Sellers can close auctions early if they are satisfied with the current bid. Escrow Services Online escrow agents are third parties who hold money in an escrow account until both buyer and seller agree to release the funds. F Feedback Good and bad comments left by one user for another Feedback Padding When a seller draws positive feedback from phantom or repeat customers, eBays transaction related feedback system helps sniff out padding Final Value Fee A percentage of the final sale that is paid by the seller to the auction house. The dollar amount that a bid must be increased by in order to raise a bid. Initial Bid Also called a minimum bid, the lowest amount that can be entered, set by the seller at the time of listing.