EBay, Net-a-porter, and Topshop Essay Example | Topics and Well Written Essays - 1500 words

EBay, Net-a-porter, and Topshop - Essay Example The transaction at eBay is all through auction, and the auction period can be set for 3, 5 or 7 days at the discretion of the seller. Once the successful bidder is decided based on the highest bid through the auction, e-mail is sent automatically to both the parties. The contract has to be concluded within three days, and in the event that the contract is not concluded within the stipulated time, the seller has the option to start a fresh contract with the purchaser that has suggested the second highest bid. Â  The purchaser has the right and option to inquire about the quality, delivery method and period, payment and condition of the auction products before placing the bid. This results from the philosophy of eBay that they do not guarantee the quality of the products auctioned at eBay. They leave this to the two parties concerned. eBay only performs the role that connects the seller and purchaser and is not concerned about the items enlisted in the auction. They get their fees according to the rules set, such as registration fee of the auction advertisements and the final value fee after sales from the seller, in case the transaction is made as per agreement Since eBay does not wholesale or retail the products directly, the transportation, package, and management related to the inventory do not arise. Â  There is no cost in participating in the auction to purchase the product as the membership is free. There may be no visitors if cost is levied to participate in the auction. eBay auctions are open even to the nonmembers, and in case they want to participate in the auction, all that is required is to register as a member. Â  Anyone who has an email ID can have access to eBay or have a virtual account.