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That was in 1995, and when three years later e Bay went public, Omidyar and his associate Jeffrey Skoll both became billionaires.

Today e Bay is the world’s third largest marketplace with over 150 million active users worldwide.

The e Bay of today is a different place from the e Bay of old.

It is far more professional and attracts many major brands as well as small businesses and private sellers.

As the name suggests, e Bid is essentially an auction site and was launched in 1998.

Although many items are sold by auction, sellers can list their items as ‘run until sold’ auctions, which is essentially the equivalent of the e Bay ‘buy now’ fixed price listing.

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One of the most attractive features of this auction site is its low cost. As a result, CQout is one of the best online selling sites around, and especially attractive to those looking for an additional revenue stream to their shopping platform of choice.Amazon selling fees include referral fees and closing fees or a monthly fee for pro merchants.Calculating them is a little complicated; expect to pay around 12% of the selling price, though for some items fees can be as high as 29%.Although it has a less professional looking website than many other online selling sites, it has relatively low fees.There is an annual subscription of £99.99 for professional sellers, there is no listing fee, and final value fees are just 3%.

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