Guide to Cashing in on Ebay by Marg Black - HTML preview

The eBay Glossary

Bid

 

Dutch: an auction where more than one of an item is available.

 

Feedback: positive or negative comments left about other users on eBay.

 

Mint: in perfect condition.

 

Non-paying bidder: a bidder who wins an auction but does not then go on to buy the item.

 

PayPal: an electronic payment method accepted by most sellers.

 

Rare: used and abused on eBay, now entirely meaningless.

 

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.

 

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.

 

Initials & 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.

 

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.

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