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FIANNCE

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Ebay inc. is one of the largest and most popular market place on the internet, allowing members to buy
and sell almost anything. It was established by Pierre Omidyar, a French software engineer. Omidyar
created an online auction known as “Auction Web”, and It changes into eBay in 1997. Ebay’s
marketplace is well known for its core service which enbales sellers to list their items for sale on an
auction or in a fixed-price basis giving buyers the opportunity to bid for the item they are interested.
Ebay’s proclaims “trusts” between buyers and sellers as the key to success of the marketplace, in order
to facilitate the trading with other partners they provided a trusted and safe trading environment by
offering services like Feedback Forum, Customer Support, Safe harbor programs, Verified Rights owner
Program, and Loyalty Programs. They also plans to improve the buyer’s experience and reduce the seller
costs by enhancing priducts and services, improving online trust and safety, enhancing customer
support, extending product offerings geographically and into new categories, and developing strategies.
One of the payment service of eBay is called Paypal that specializes in Internet money transfers. It
allows member to make payments on purchased goods, and receive payments online or echange money
between accounts in a secure online transaction. Bill me Later is acquired by eBay Inc. in 2008 it offers
flexible customized financing and deffered payments to buyers at point of sale through over
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