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History of eBay an internet-based Shopping

As a famous online company eBay Inc has brought up one of the largest internet shopping and auction platforms on the planet; the eBay. With internet having a prime invest the lives with the clients around the globe, eBay has become one with the largest facilitator of online business transaction today. A number of products or services are transacted on this platform. - buy it on ebay

History of eBay extends back towards the year 1995 that commenced the successes with the dot.com bubble. Covering a lot more than thirty countries, eBay has expanded its original format of "set-time" auction by converting it to "buy it now" auction. Transactions online take great shape such as the classified advertisements online, event ticket trading or standard shopping on the Internet.

Dispensing with the practice of money transactions, eBay has become accepting credit and debit cards, pay pal etc other financial transaction ways of online cash transfer. History of eBay shows that the foundation with this website was laid around 1995 from the Iranian computer programmer Pierre Omidyar who had been born in France. First item which was in love with eBay platform would be a broken laser printer at a price of only $14.83. Unique feature of the transaction could be that the laser printer was bought with a collector of broken laser printers.

As far as the history of eBay is concerned, the internet shopping platform was made to help Omidyar's finance trade. Adam Cohen's book named "The Perfect Store" revealed this secret in 2002 and eBay also confirmed the authenticity with this claim.

Firs employee of the organization was Chris Agarpao and Jeffrey Skoll was the first President with the company. Both were hired in 1996. The identical year eBay entered its first 3rd party licensing cope with the Electronic Travel Auction Company to be used of Smart Market technology. Objective of the offer was sale of air travel along with other travel products.

A remarkable page of the history of eBay was opened when as soon as 1997, it could complete at least two million auctions. This is an extraordinary rise when compared to 250,000 auctions within the preceding year 1996. Till that point the name of the shopping online platform was auction sale. But it was changed to eBay in September 1997 and it has been known by that name since then.

As originally your website was from the Echo Bay Technology Group, Omidyar had tried the name echobay.com but the name was not available as already taken by Echo Bay Mines. He shortened the name to eBay.com and that's what look for on the web today. - buy it on ebay

Don't be the product, buy the product!