|
YNOTBID'S GLOSSARY
|
|
Bid Increment
|
The amount that bids increase. Increments are
set by the seller when they list an item for sale. Bid increments can be
any value from $0.01 and up.
|
|
Category
|
There are many different categories that you can list your item under. Putting your auction
in a category helps potential buyers find it when they are searching. Choose the most appropriate category for
your item.
|
|
City
|
The city where your item is currently located. For example, you
might live in Vancouver but also have a home in Seattle. If you are selling
something from your home in Seattle, you enter Seattle, not Vancouver.
|
|
Country
|
The country where
the item is.
|
|
Currency
|
The denomination of money that your auction will
be in. The currency does not have to be the same as your country's currency.For example,
you may choose the US Dollar eventhough you live in Canada, or elsewhere.
|
|
Description
|
Type in a description of the item that you are
selling. Explain the color, size, quality, etc. of the item. Give enough information
about your item so that a potential buyer has the confidence to bid. More
information is definitely better.
|
|
Dutch Auction
|
A single auction with many identical items for
sale. More than one bidder can buy items in a dutch auction. Dutch auctions
are very useful for businesses. The dutch auction feature will be available
in the future.
|
|
Length of Auction
|
The number of days the auction will last, from 1 to 21 days.
|
|
Maximum Bid
|
The most you are willing to pay for an item.
When you are bidding, you enter the maximum amount you will pay for that item. YNotBid will
bid on their behalf up to your maximum bid. For example, suppose the current bid is $50 and the bid increment is $10. The next bid will be $60 ($50 +$10 = $60). If a bidder is willing to pay
$100, the bidder enters $100. Their bid will only be $60 because that is
the next bid, however if another member outbids their $60 bid (by bidding
$70 or more), YNotBid will bid for the first bidder again, up to the $100
maximum bid.
|
|
Member Rating System
|
A feature on YNotBid that members use to rate
the integrity, honesty and performance of other members that they have dealt with. Members ratings are displayed as faces beside their username.
|
|
NR
|
Abbreviation for No Reserve. NR is used in an
auction's title to show that there is "no reserve
bid".
|
|
Opening Bid
|
The amount of the first bid which starts
the auction.
|
|
Password
|
Your secret code. You choose your own password
on step 3 of the registration process. The safest and most secure passwords
are ones that have letters, numbers, symbols, and small and capital letters.
For example, "tRee&3".
|
|
PIC
|
Abbreviation for picture. PIC is used in an auction's
title to show that there is a picture of the item being auctioned.
|
|
Picture's URL
|
The location on the internet where the picture you want to add to your auction. Begins with "http://"
For more information on adding pictures to your auction click here.
|
|
Province/State
|
The province or state of the city where the item
is.
|
|
Quantity
|
The number of items that you are selling together
in the auction. If you are selling two computers together (ie. the buyer
is buying both computers), then you enter "2".
|
|
Reserve Bid
|
Optional. The minimum price that the seller will sell an
item for. The reserve bid is meant to be used when you want to begin your auction at a
price that is less than the price you will sell your item for. An auction that has a reserve bid has a message in the bidding
area of the auction saying, "The reserve bid has (or has not) been met."
The reserve bid amount is hidden from bidders.
|
|
Title
|
The name of the item. The title of your auction appears in 2 places: it appears in
the search results, and in blue title bar at the top of your auction.
|
|
Username
|
Your name on YNotBid.com. You choose your username
when you register. Many members use usernames that give them anonymity.
|