History of eBay

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History of eBay

eBay is a multinational eCommerce business in America& It is situated in San Jose, California. This corporation provides consumer-to-consumer or business-to-consumer sales and purchases through its e-commerce website

eBay is one of the most commonly and widely used E-Commerce Websites in the entire America and regions near to it. It is one of the top 10 eCommerce websites around the globe, with a user-friendly interface and best quality products. Now the Whoopzz.com has a deep look at the History of eBay

Detailed History Of eBay:

eBay was founded back in 1995 by Pierre Omidyar, inside her San Jose living room. This website was meant to be a marketplace for the sale of all the goods and different services provided to the individuals, from the very start. 

Later on in 1998, Pierre and his cofounder Jeff Skoll included Meg Whitman in their team to improve the strength and the success of the overall website.

Now eBay’s original name; which was Auction Web was founded in California on September 3, 1995. This name was founded by a French-born Iranian-American computer programmer Pierre Omidyar

Following this, the very first item that was sold on the Auction Web was a broken laser pointer for $14.83. But just before Auction Web started, the site that later became eBay, it’s owner Omidyar had a one-man consulting firm which was named as Echo Bay because it sounded cool to him. 

Now when the internet address was supposed to be registered Omidyar took EchoBay.com as the official address. Where later on, this address was shortened and named as eBay.

Profit and Transactions:

eBay’s earning plan is something like this; Firstly, one will have to provide an insertion fee to eBay while uploading their product on the website, which means it’s the fees you pay for listing an item on the website. 

Secondly, it charges a final fee. This fee is charged after the auction, which is about 9% of the amount you’re selling your product in, at a maximum rate of $50.00.

Available Items on eBay:

As eBay is such a huge eCommerce platform, it is obvious that it would have almost everything available on it, for the buyers and sellers better and prolonged journey with it. 

Yet, some of the best-selling items on eBay that are most demanded on this platform than other ones are:

  • Home Decor
  • Garden Accessories
  • Home Tech
  • Fitness
  • Branded Technology
  • Fashion
  • Shoes
  • Jewelry and Watches
  • Books
  • Collectables

Prohibited Items on eBay:

eBay being a responsive e-commerce website makes sure it maintains the safety of the community too. While one can sell anything and everything on eBay. eBay prohibits selling some items. In order to maintain and develop the communities’ safety and provide the best experience to them. Such prohibited items are:

  • Partially used cosmetics
  • Electronic Surveillance Equipment
  • Human body parts and other remains
  • Firearms, knives and other weapons
  • Prescription or any kind of illegal drug
  • Any kind of personal Information
  • Old/Used underwear’s
  • Any item that can encourage crime i.e., lock picking equipment.
  • Any animal or related items
  • All the adult-related items