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1.1.2 Background
The idea to develop ebay started from the fact that we wanted a market in which buyers and sellers can interact directly, without
intermediaries.eBay enables its website users, i.e. buyers and sellers, to bid and browse freely. As an item is being sold, seller would be charged
eBay transaction fees. There are two sorts of transaction fees, “insertion fee” and “final value fee”. Insertion fee model charges seller according
to the opening bid once an item is registered on eBay. The later is charged when the auction is ended.