Exercise1-1B

1B.i.) Is there a common thread and a local community sense in action?

Yes, there are a common thread and a local community sense listed in the following:

• Select and Search by categories.
• Member registration, account management, bidding, buying and selling post features.
• An embedded script automatically detects the visitor living region and provides regional selection when visitor accesses their website in the first time.
• Local community are such as News, Forum and Group.

1B.ii.) What electronic payment systems are used? Are they globally acceptable?

Ebay accepts 4 types of electronic payment system which are Paypal, Moneybookers, Pay mate and Escrow.

Yes, Paypal, Moneybookers, Paymate and Escrow are globally acceptable.

1B.iii.) Benefits to of an online auction sale to a buyer, a seller and E-bay owners?

Benefits to of an online auction sale to a buy which are listed in the following:

• Online auction opens 24 hours a day, 7 days a week. It is no regional time zone limitation, bidding can work for all the times. Buyers save time and money by monitoring, researching and biding on properties from the comfort of their own home.
• Online auction is not geography constrained for buying located anywhere in the world. Buyer save time and money by travelling.
• Payment is secure and easy. Many electronic payment methods are acceptable, let's the auction process be more convenience.
  
  Benefits to of online auction sale to a seller which are listed in the following:
• Online auction has already had a number of bidders, seller save time by finding the buyers.
• Online auction acts as a agency to help seller selling their products.
  
  Benefits to of online auction sale to E-bay owners which are listed in the following:
• E-bay owners can receive income from advertisers who need to pay for the advertisement fee.