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Internet Auctions
Kinds of Auctions
Internet auctions can be business-to-person or person-to-person.
Operators of business-to-person auction sites have physical control of the merchandise being offered and accept payment for the goods. In person-to-person auctions, individual sellers or small businesses offer their items for auction directly to consumers. Generally, the seller — not the site — has physical possession of the merchandise. After the auction closes, the seller is responsible for dealing directly with the highest bidder to arrange for payment and delivery.
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Table of Contents If you're a buyer... If you're a seller...
Source: Federal Trade Commission
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