An eBay Glossary, Understanding the eBay’s terms

April 23, 2010 | By Chris In eBay Business |

While you are trying to make money on eBay have you expierence some issues trying to understand what people say on eBay? Well no need to worry anymore, even some of the jargon is really like a CIA code, and you don t understand it until someone’s told you what it means. Let me guide through this obscure path to the eBay s Lingo.  Bid: You Bid when you tell eBay’s system the maximum price you want to pay for an item. Dutch: Is a kind of auction where more than one of an item is available, yes you can buy more than one… Feedback: These are comments positive or negative left about other users on eBay (your love or heat to the buyers/sellers goes here). Mint: in perfect condition. Non-paying bidder: a bidder who wins an auction but does not buy the item (bad thing, really bad thing). PayPal: an electronic payment method accepted by most sellers (even I do). Rare: used and abused on eBay, now entirely meaningless, but somewhere in time were use to refer to an unique item, nowadays everything is rare. Reserve: the minimum price the seller will accept for the item. Shill bid: a fake bid placed by a seller trying to drive up their auction’s price (bad thing, really bad thing). Snail Mail: the post, which is obviously very slow compared to email. Sniping: bidding at the last second to win the item before anyone else can outbid you, this is difficult to do, but sure is fun! Abbreviations. AUD: Australian Dollar. Currency. BIN: Buy it Now. A fixed price auction. BNWT: Brand New With Tags. An item that has never been used and still has its original tags. BW: Black and White. Used for films, photos etc. CONUS: Continental United States. Generally used by sellers who don’t want to post things to Alaska or Hawaii. EUR: Euro. Currency. FC: First Class. Type of postage. GBP: Great British Pounds. Currency. HTF: Hard To Find. Not quite as abused as ‘rare’, but getting there. NIB: New in Box. Never opened, still in its original box. Collectors usually to their search with this keywords NR: No Reserve. An item where the seller has not set a reserve price. OB: Original Box. An item that has its original box (but might have been opened). PM: Priority Mail. PP: Parcel Post. SH: Shipping and Handling. The fees the buyer will pay you for postage. USD: United States Dollars. Currency. VGC: Very Good Condition. Not mint, but close. You can find more about this in the eBay Glossary page here. Find more about eBay Acronyms here Here is the entire list indexed by eBay The PowerSellers generally avoid using these terms unless you run out of space in the item s title. Think about the buyers, many of them are not familiar with these terms so if your niche is general public in order to make money on eBay don t overdo it, or the people will only read a lot of Mambo Jambo and skip to one who understand. Your Pal Chris N.D.

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