What does eBay mean? What are the advantages of eBay?

In fact, everyone has heard a lot about the eBay platform. If you are an insider, you must be more familiar with it. But as a layman, you actually don’t know what eBay means when merchants talk about it? So, in order to let more people know and understand it, we will talk about it in detail today.

What are the advantages of eBay?

eBay is an American shopping website, similar to Taobao in my country, and is the originator of shopping websites. Taobao and other websites were built based on it. The company's strategy is to increase the use of cross-border transactions.

The biggest difference between eBay and Taobao is their model. The fees mainly include listing fees, transaction fees, PayPal fees and other additional fees, which add up to about 15% of the transaction amount.

Therefore, when opening a store on e-shop, you have to wait until an order is generated before paying the platform. Taobao relies on charging advertising fees to gain exposure and generate orders, so you need to pay the platform before making a profit.

The difference in rules between the two platforms determines the different ways of operation for sellers. e does not charge advertising fees, and its ranking is mainly related to account performance, sales performance and satisfaction, so even new accounts can get exposure on the platform. As long as sellers optimize their listings, communicate well with customers, and ship on time, the operation is not difficult.

Because there is no history option in the e-sorting, and exposure has nothing to do with historical rankings but is related to multiple factors such as recent sales. Therefore, on the e-platform, there are very few hit products, and historical sales of several thousand are extremely rare.

e currently has 120 million active users worldwide and more than 400 million products posted by individuals or businesses, with new pricing being the main feature. e provides a personalized experience and seamlessly links users with global products through mobile apps.

Pay has more than 132 million active users worldwide, with services in more than 190 countries and regions, supporting transactions in 26 currencies. Through the cross-regional, cross-currency and cross-language payment services provided by Pay, users can conduct business globally, with a daily transaction volume of 7.6 million. Therefore, the market is also very broad.

Therefore, if merchants want to conduct overseas business, they can actually choose to open a store on eBay. As long as they manage it properly, it is actually very easy to obtain orders and provide services to users in need.

In fact, eBay is a shopping platform similar to Taobao. If merchants want to expand cross-border business, they can actually consider eBay. After all, there are many users on it, and they are relatively accurate. Merchants do not need to spend more time looking for customers. Therefore, business is relatively easy to do as long as everyone knows how to operate it.