What is eBay?

eBay is an online marketplace built to enable trade on a local, national and international basis. eBay offers an online platform where millions of items are traded each day through Online Auction Formats, also called auction-style listings,  or through immediate “Buy It Now” Fixed Price and eBay Store listings. Back in September 1995, Pierre Omidyar launched a site called Auction Web, which would evolve to be the eBay we know today. He had no inkling that his idea would explode into something that is now a household word. Here is the back story on Omidyar and his journey to start the most famous and lucrative selling platforms today. eBay, or as it was first known, Electronic Bay, began on Labor Day 1995. It was quite rudimentary by today’s standards with no guarantees, no fees, no third party interaction to moderate disputes, and no payment platform. Since its beginnings in 1995, eBay has seen explosive growth and is one of the most recognized and accessible companies in history.

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