EBay is one of the world’s most popular online auctioning platform. Users can both sell and place bids on items. It works on an international basis, and pretty much anything can be found on this website. In recent years, it has become one of the most widely used websites on the internet. The company’s payment segment offers payment and settlement services for consumers and merchants on and off eBay websites and other merchant websites. They operate PayPal, an online payment system; Bill Me Later, enables those in the US merchants to offer, the US consumers to obtain credit at the point of sale for ecommerce and mobile transactions; Zong, allows items to be charged to their phone bill; and BillSAFE, which enables consumers to pay upon receipt of an invoice. Developers can access the companies applications programming interfaces to develop the site via the XCommerce platform; and Magento Connect, which allows developers to market and sell add-on functionality and solutions to merchants that use a Magento storefront.
The company was founded in 1995 and its headquarters are in San Jose, California. In late December 2011, it had more than 100million active users on the site, as well as millions of merchants using one or more of its platforms, and a developer community with more than 800,000 members using Aps. Also in December 2011, the company acquired a BillSAFE, a provider of purchase on invoice technology in Germany, as well as Brands4Friends and GittiGidiyor. In May 2012, PRIMEDIA announced that it completed the acquisition of eBay’s rent.com subsidiary.Trade EBAY