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Understand The Jargon On eBay By Learning Lingo.
Click the link below to watch our how to make money on eBay Video Tutorials
Sometimes it seems that people talk a different language when they talk about eBay. Some of the jargon is confusing and the lingo causes confusion until you understand it.
We will help you with a list of the useful lingo which can serve as a reference if you even need to check up a term.
Words.
- Bid - Instructing eBay's system the maximum price the buyer is prepared to pay for an item.
- Dutch - An auction type where more than one of a particular item is available.
- Feedback - Positive or negative comments or criticism about other users on eBay.
- Mint - In perfect condition.
- Non-paying bidder - A bidder who wins an auction but does not buy the item in the end.
- PayPal - An eBay owned 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 named after a snail’s pace as delivery is much longer than electronic mail.
- Sniping - Bidding at the last second to win the item before anyone else can outbid.
Abbreviations.
- AUD - Australian Dollar. Currency used to bid.
- BIN - Buy it Now. A fixed price auction term.
- BNWT - Brand New With Tags. An item that is new never been used with its original tags.
- BW - Black and White. Used for photos, films, etc.
- CONUS - Continental United States. Generally used by sellers who don't want to post things to Alaska or Hawaii.
- EUR - Euro. Currency used to bid.
- FC - First Class. Type of international postage.
- GBP - Great Britain Pounds. Currency used to bid.
- HTF - Hard To Find. Not quite as abused as 'rare', but getting similar concept.
- NIB - New in Box. One step newer than BNWT as it is still in the 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 may have been opened.
- PM - Priority Mail (Post).
- PP - Parcel Post.
- SH - Shipping and Handling. The fees the buyer will pay for postage.
- USD - United States Dollars. Currency used to bid.
- VGC - Very Good Condition. Not mint, but close.
There will be more specific jargon related to the type of item being sold, but it would be impossible task to explain the product specific lingo. If you encounter a new word related to the subject or item you have chosen, simply type the term into a search engine, followed by the word 'ebay'. Some person who has encountered a similar problem will have seen fit to explain the term.
While it is useful to understand jargon on eBay that others have posted, avoid using it unless critical such as a situation if you run out of space in an item's title. Many people on eBay are not experienced buyers and will not bother to investigate your complicated grammar and jargon so it is best to keep descriptions simple.
By now, you're well prepared for eBay life, and you're probably ready to get started with that first auction. In the next video, we'll show you how to dive in and get started.
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Click the link below to watch our how to make money on eBay Video Tutorials
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