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Reduced Final Value Fees are available to business registered customers.Under US law, a state cannot require sellers located outside the state to collect a sales tax, making purchases more attractive to buyers.In his responding email, the buyer explained: "I'm a collector of broken laser pointers." The frequently repeated story that e Bay was founded to help Omidyar's fiancée trade Pez candy dispensers was fabricated by a public relations manager, Mary Lou Song, in 1997 to interest the media, which were not interested in the company's previous explanation about wanting to create a "perfect market".Reportedly, e Bay was simply a side hobby for Omidyar until his Internet service provider informed him he would need to upgrade to a business account due to the high volume of traffic to his website.The website is free to use for buyers, but sellers are charged fees for listing items after a limited number of free listings, and again when those items are sold.
The total earnings amount is then divided by the number of clicks the affiliate sent to e Bay and is reported as Earnings Per Click, or EPC.-bay) is a multinational e-commerce corporation based in San Jose, California that facilitates consumer-to-consumer and business-to-consumer sales through its website.e Bay was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble.The company officially changed the name of its service from Auction Web to e Bay in September 1997.Originally, the site belonged to Echo Bay Technology Group, Omidyar's consulting firm.
In November 1996, e Bay entered into its first third-party licensing deal, with a company called Electronic Travel Auction to use Smart Market Technology to sell plane tickets and other travel products.