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e Bay generates revenue by a complex system of fees for services, listing product features, and a Final Value Fee for sales proceeds by sellers.
As of November 2012, the US-based e charges
Reportedly, e Bay was simply a side hobby for Omidyar until his Internet service provider informed him he would need to upgrade to a business account due to the high volume of traffic to his website.
e Bay also notably failed in China due to competition from local rival Taobao..10 to , based on the opening or reserve price, as an insertion fee for a basic auction-style listing without any adornments.
-bay) is a multinational e-commerce corporation headquartered in San Jose, California that facilitates consumer-to-consumer and business-to-consumer sales through its website.
e Bay was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble.
Omidyar had tried to register the domain name echobay.com, but found it already taken by the Echo Bay Mines, a gold mining company, By early 2008, the company had expanded worldwide, counting hundreds of millions of registered users as well as 15,000 employees and revenues of almost .7 billion.
After nearly ten years at e Bay, Whitman decided to enter politics.
e Bay requires sellers to include the VAT element in their listing price and not as an add-on and thus profits by collecting fees based not only on the sale price "ex VAT" but also on the VAT.
e Bay has already expanded to over two dozen countries, including China and India.
Reportedly, e Bay was simply a side hobby for Omidyar until his Internet service provider informed him he would need to upgrade to a business account due to the high volume of traffic to his website.e Bay also notably failed in China due to competition from local rival Taobao.