From the true-to-life experiences of an online
seller, now made educating anyone better.
The Online
Basics
Volume 1
Terms 101 for Seller
and Buyer Beginners
aesthetic.
When we browse online for
various products, we are often
misled by their deceptive
advertising. As technology
evolves, different contexts,
concepts, and businesses rise as
they become more relevant.
Through knowing your basic
consumer rights, information,
and responsible consumerism,
this booklet will help you to
encourage thrifting and online
selling.
Therefore, it is necessary to understand
the basic terms that we may encounter via
online.
Definition of Terms
✓ 𝙀�-𝙢�𝙤�𝙣�𝙚�𝙮� Electronic money (e-money) is broadly defined as an
electronic store of monetary value on a technical device that may be widely
used for making payments to entities other than the e-money issuer
(Investopedia, 2022).
✓ 𝙀�-𝙘�𝙤�𝙢�𝙢�𝙚�𝙧�𝙘�𝙚� Basically, a form of market for commercial
transactions conducted electronically on the internet.
✓ 𝙁�𝙖�𝙘�𝙚�𝙗�𝙤�𝙤�𝙠� 𝙇�𝙞�𝙫�𝙚� 𝙨�𝙚�𝙡�𝙡�𝙞�𝙣�𝙜� It is a platform feature wherein we
always conduct livestream selling for our products, to promote business and
earn from stars na binibigay ng viewers.
✓ 𝙈�𝙚�𝙧�𝙘�𝙝�𝙖�𝙣�𝙙�𝙞�𝙨�𝙞�𝙣�𝙜� As an ukay distributor, merchandise seller and
retailer, It is a process na bibili ako ng supply for stock syempre so that I will
earn income or gain profit from its retailed priced goods.
✓ 𝙍�𝙚�𝙩�𝙖�𝙞�𝙡�𝙚�𝙧�/𝙍�𝙚�𝙨�𝙚�𝙡�𝙡�𝙚�𝙧� Are called for those reselling wholesale
priced products from distributor or supplier in retailed price.
✓ 𝙍�𝙚�𝙩�𝙪�𝙧�𝙣�-𝙍�𝙚�𝙛�𝙪�𝙣�𝙙� 𝙋�𝙤�𝙡�𝙞�𝙘�𝙮� According to Sutton (2022) on his
statement at Shopify, these are rules by retailer or a seller in manage to
customers return and exchange unwanted merchandise purchased.
Let’s start the discussion on the basic
concepts in this booklet
PRODUCT types and
qualities
✓ 𝘼�𝙪�𝙩�𝙝�𝙚�𝙣�𝙩�𝙞�𝙘� (𝙊�𝙂�)/𝘽�𝙧�𝙖�𝙣�𝙙�𝙚�𝙙� 𝙋�𝙧�𝙤�𝙙�𝙪�𝙘�𝙩�𝙨�
When it comes to original or branded products medyo mahal and sometimes
customers who are expecting cheaper price may get irritated due to pricing.
Much better luxury products is suitable with selling authentic finds.
✓ 𝙁�𝙖�𝙘�𝙩�𝙤�𝙧�𝙮� 𝙐�𝙣�𝙡�𝙤�𝙘�𝙠�𝙚�𝙙� Iba-iba ang terms pero halos iisa lang ang
pahiwatig, pagdating sa factory unlocked madalas branded sa electronics,
gadget at accessories nilalabas upang mabenta in same or discounted price.
✓ 𝙈�𝙖�𝙡�𝙡� 𝙋�𝙪�𝙡�𝙡�-𝙤�𝙪�𝙩�𝙨� Kapag mall pull-outs/over, it refers po na sobra
yung stock (surplus) at ireresell nalang sa ibang sellers upang di masayang
ang item at maibenta sa sobrang baba ng presyo.
✓ 𝙊�𝙫�𝙚�𝙧�𝙧�𝙪�𝙣�𝙨� Overruns, well dito naman po rejected ng manufacturer or
ng factory quality check ang item dahil sa isang imperfection or quality na
hindi na meet ng standards ng kumpanya kaya ihahatid to sa distributor ng
line-up mula ibang bansa kagaya ng Bangla, Bangkok, Korean and Shein
finds.
✓ 𝙐�𝙠�𝙖�𝙮�-𝙐�𝙠�𝙖�𝙮� (𝙏�𝙝�𝙧�𝙞�𝙛�𝙩�𝙞�𝙣�𝙜�) Mahaba ang kasaysayan ng ukay. Ang ukay
ay nagmula sa term na "halukay" or to dig out clothes. Galing ang salitang ito sa
mga Cebuano, kilala rin ito sa katawagang "wagwagan" sa ibang lugar. Thrifting
ang English term ng ukay. Ang ukay po madalas walang brand at gamit na po. Wag
po mag - aassume lagi na maganda ang product or item. Risky po ang ukay. It
defines na the higher starting price of item, the better quality. May mga galing USA
pero still ukay is ukay po.
✓ 𝙎�𝙚�𝙘�𝙤�𝙣�𝙙�𝙃�𝙖�𝙣�𝙙� (𝙎�𝙚�𝙜�𝙪�𝙣�𝙙�𝙖� 𝙈�𝙖�𝙣�𝙤�) These items wre commonly
clothes or luxury bags from previous owners sold to a potential buyer.
✓ 𝙋�𝙧�𝙚�-𝙇�𝙤�𝙫�𝙚�𝙙� Secondhand may be same by pre-loved but preloved items are
luxury items and branded products sold that has one-time used excellent condition
in bidding.
We have different categories for Pre-loved items:
✓ 𝙀�𝙐�𝘾� (𝙀�𝙭�𝙘�𝙚�𝙡�𝙡�𝙚�𝙣�𝙩� 𝙐�𝙨�𝙚�𝙙� 𝘾�𝙤�𝙣�𝙙�𝙞�𝙩�𝙞�𝙤�𝙣�) These items have little to no
fading due to wash or wear.
✓ 𝙑�𝙂�𝙐�𝘾� (𝙑�𝙚�𝙧�𝙮� 𝙂�𝙤�𝙤�𝙙� 𝙐�𝙨�𝙚�𝙙� 𝘾�𝙤�𝙣�𝙙�𝙞�𝙩�𝙞�𝙤�𝙣�) A listing with this tag
might have some fading from washing or wear; it will not have stains or holes.
✓ 𝙂�𝙐�𝘾� (𝙂�𝙤�𝙤�𝙙� 𝙐�𝙨�𝙚�𝙙� 𝘾�𝙤�𝙣�𝙙�𝙞�𝙩�𝙞�𝙤�𝙣�) Refers to products or an item is in
right not damage condition, some flaws may have seen.
✓ 𝙁�𝙐�𝘾� (𝙁�𝙖�𝙞�𝙧� 𝙐�𝙨�𝙚�𝙙� 𝘾�𝙤�𝙣�𝙙�𝙞�𝙩�𝙞�𝙤�𝙣�) Stitchings and flaws are noticeable,
commonly sold in low prices.
✓ 𝙎�𝙐�𝘾� (𝙎�𝙚�𝙫�𝙚�𝙧�𝙚�𝙡�𝙮� 𝙐�𝙨�𝙚�𝙙� 𝘾�𝙤�𝙣�𝙙�𝙞�𝙩�𝙞�𝙤�𝙣�) These tags refer possibly as
rejected items and not being able to present to sell by a seller in its business, most
often given as a prize or bonus product for customers.
But what about the
different kinds of
payments we may
encounter as we buy
online, what should we
have to know?
Different types of
MOPs
✓ 𝘾�𝙖�𝙨�𝙝� 𝙊�𝙣�-𝙃�𝙖�𝙣�𝙙� Refers po sa item na nasa seller na mismo at pwede po
mismo sa oras or araw iclaim at bayaran po yung product immediately with
physical transaction. Madalas prepaid po ang mga products na ito at sariling
pera po pambili ng seller ang ginagamit sa pagsupply.
• 𝘾�𝙊�𝘿� (𝘾�𝙖�𝙨�𝙝�-𝙊�𝙣�-𝘿�𝙚�𝙡�𝙞�𝙫�𝙚�𝙧�𝙮�) • 𝙍�𝙚�𝙢�𝙞�𝙩�𝙩�𝙖�𝙣�𝙘�𝙚�/𝙊�𝙫�𝙚�𝙧�-𝙩�𝙝�𝙚�𝘾�𝙤�𝙪�𝙣�𝙩�𝙚�𝙧�
• 𝘼�𝙏�𝙈� (𝘼�𝙪�𝙩�𝙤�𝙢�𝙖�𝙩�𝙚�𝙙� 𝙏�𝙚�𝙡�𝙡�𝙚�𝙧� 𝙈�𝙖�𝙘�𝙝�𝙞�𝙣�𝙚�) • 𝙃�𝙤�𝙢�𝙚�-𝙋�𝙞�𝙘�𝙠�𝙚�𝙙� •
𝙈�𝙚�𝙚�𝙩�-𝙪�𝙥�𝙨�
✓ 𝙋�𝙖�𝙮�𝙢�𝙚�𝙣�𝙩� 𝙁�𝙞�𝙧�𝙨�𝙩��𝙤�𝙧��𝙑�𝙞�𝙧�𝙩�𝙪�𝙖�𝙡��𝙋�𝙖�𝙮�𝙢�𝙚�𝙣�𝙩� Most often done
within orders na mabigat - bigat ang presyo. Risky den ito sa mga seller dahil sa
unknown or unfamiliar buyers. Kadalasan po ginagawa to sa line-up or pre-order
ng items ng buyer or supply ng product ng seller sa supplier. You can pay via...
• 𝙀�𝙡�𝙚�𝙘�𝙩�𝙧�𝙤�𝙣�𝙞�𝙘� 𝙈�𝙤�𝙣�𝙚�𝙮� 𝙋�𝙖�𝙮�𝙢�𝙚�𝙣�𝙩� • 𝘽�𝙖�𝙣�𝙠� 𝙏�𝙧�𝙖�𝙣�𝙨�𝙛�𝙚�𝙧� •
𝙇�𝙤�𝙖�𝙙� 𝙒�𝙖�𝙡�𝙡�𝙚�𝙩�
• 𝘽�𝙞�𝙩�𝙘�𝙤�𝙞�𝙣� 𝙏�𝙤�𝙠�𝙚�𝙣�
✓ 𝘼�𝙘�𝙘�𝙧�𝙪�𝙖�𝙡� This are exclusively available for suppliers in monthly advanced
or late weekly payments for supplies and stocks.
Acronyms
Mode of
Payments are
MOPs
• 𝙋�𝙝�𝙮�𝙨�𝙞�𝙘�𝙖�𝙡� 𝘽�𝙖�𝙣�𝙠� 𝙏�𝙧�𝙖�𝙣�𝙨�𝙛�𝙚�𝙧� • 𝘾�𝙝�𝙚�𝙦�𝙪�𝙚� • 𝙍�𝙚�𝙢�𝙞�𝙩�𝙩�𝙖�𝙣�𝙘�𝙚�𝙨�
✓ 𝘾�𝙤�𝙡�𝙡�𝙖�𝙩�𝙚�𝙧�𝙖�𝙡��/�𝘾�𝙝�𝙚�𝙦�𝙪�𝙚� Also intended for business that are way
expanded and bigger available for exclusive and expensive properties and
investments na bid or bought.