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Chapter 22. Online Auctions > Different Types of Online Auctions

Different Types of Online Auctions

There are two general types of online auctions—merchant auctions and person-to-person auctions.

Merchant auctions are run by commercial businesses, which put their merchandise up for auction for a limited period of time. In some cases, these auctions are of surplus or refurbished merchandise; in other cases, it’s brand new stuff, right off the shelves. In any case, most merchant auctions take credit cards, offer returns policies for defective merchandise, provide after-sale customer service, and so on.


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