Buying and Selling Basic
Two Ways to Buy and Sell
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Buyer
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Seller
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Auction
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- Must make one or more bids and wait for the sale (“auction”) period to expire.
- The winning bid price may be higher than the initial starting price.
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- Must specify duration of the sale (“auction”) and a minimum sale price.
- One item or one lot of items is allowed per auction.
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Express Buy
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- Can simply purchase one or more items at fixed prices without waiting until the sale period
to end.
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- Can list and sell one or more items at fixed prices.
- When listing more than one item, the sale period will terminate as soon as the last
item is sold.
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The seller has an option to list an item for both auction and Express Buy. When
this option is selected, the seller can list only one item or one lot of items per
sale (“auction”) period. At any time, the seller can also cancel his or her own
sale (“auction”) that is in progress as long as no bid or purchase offer is made
on the auction item or Express Buy item, respectively. Once a bid or a purchase
offer is made on the item, the seller cannot cancel the auction sale or the Express
Buy sale.
Note: It is your responsibility to determine what, if any, taxes apply to the payments
you make or receive, and it is your responsibility to collect, report and remit the
correct tax to the appropriate tax authority. Orengeo is not responsible for determining
whether taxes apply to your transaction, or for collecting, reporting or remitting any
taxes arising from any transaction.
Rules for buying
You must understand that you will be liable for payment when you win the auction
or commit to purchase via Express buy. Please review the
Buyer's Responsibilites prior to buying.
Rules for Selling
Seller is responsible for listing items with correct information. Please review
the Seller's Responsibilitiesprior to listing.
Contact Customer Support
If you're looking for more help or have a question to ask, please
contact us.