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A Guide for Buyers and Sellers

By: admin, November 25, 2004  
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Internet auctions can be business-to-business, 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.