If you have bought or sold on ebay you are probably used to the terms 'Buy it Now','Dutch Auction' & 'Shop Inventory Format'.
eBid does things a little differently.
I explained 'Standard', 'Free', 'Gallery' & 'Platinum Auctions' in the last blog, this one is about some of the other Auction types available.
Most online auctions start counting down from the minute they are posted,on eBid the time they are listed for can vary from as few as three days, to as many as ninety days, & they can be set to repost automatically up to ten times, but Seller+ sellers also have the option to add 'Auto Extend' to their auctions. This means that it is more like a real life auction, as any bids made within the last 60 seconds of the auction will extend its life by 60 seconds.
You can also post an 'On first Bid Auction', with this option the auction does not start to count down until the first bid is made (you still get to set the time 3 - 90 days). Regardless of the time you set, On first bid auctions only run for 180 days, it just takes a tick in a box top relist them.
Seller+ sellers can also post 'BuyNow Only' auctions (no bidding involved) & set the time to "Run til Sold", this means the auction runs indefinitely until the item (or all the items) are sold. This is the equivalent of Shop Inventory Format,but without the need to relist, or the listing fees.
Featured Auctions, do cost to list, (& to repost), currently the cost is £1.00. For this your item is placed above all the non-featured auctions on search results, they are also shown at the top of your chosen category & subcategory when listings are browsed. You get a gallery thumbnail at no extra cost & you do not pay a final value fee. If you opt for an 'On First Bid' Featured Auction, your item will be posted as featured for 60 days, before it reverts to a normal listing.
Frontpage Auctions, also cost to list, (& relist) currently the price is £2.50, for this your item is featured on the frontpage of eBid for one day, after this it becomes a featured auction, so you do not pay a gallery or final value fee.