Yes, but IMO it shouldn't operate like that; by doing so, ebay effectively force private sellers to operate as if they were a business.
I'm sure it's great for small businesses starting out, a huge market to sell on with low overheads/advertising expenditure, but for individuals wanting to get rid of old secondhand bits and pieces, its not really that good anymore
I still find it a lot better than the old days, when you had to advertise stuff for a pittance in the local paper/newsagent window!
