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What is considered an internet based Auction
Internet auctions, also called virtual auctions, are performed on the internet. This is a service through which a owner markets products or services on the web during which buyers may bid anytime and virtually anywhere. Web-based auctions like eBay and MadBid procedures are similar to conventional auctions; it involves a vendor advertising an item where various customers bid beginning with a predetermined minimum amount. Bidding begins whenever a person logs this particular dollar amount.
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