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Part of a series on
Electronic commerce

Online goods and services
Streaming media
Electronic books
Software

Retail services
Banking Â· Food ordering
Online flower delivery Â· Blu-ray Disc or DVD rental
Travel

Marketplace services
Trading communities
Auctions Â· Online wallet
Advertising
Price comparison service

E-procurement

Purchase-to-pay

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The online auction business model is one in which participants bid for products and services over the Internet. The functionality of buying and selling in an auction format is made possible through auction software which regulates the various processes involved.

Several types of online auctions are possible. Nakedsixteen Cam Site In an English auction the initial price starts low and is bid up by successive bidders. In a Dutch auction, multiple identical items are offered in one auction, with all winning bidders paying the same price -- the highest price at which all items will be sold (treasury bills, for example, are auctioned this way). Almost all online auctions use the English auction method.


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