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What does eBay mean when it says it is a “venue” instead of a “traditional auctioneer”?

eBay mean venue
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What does eBay mean when it says it is a “venue” instead of a “traditional auctioneer”?

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A. eBay is an exciting electronic marketplace where you can buy and sell to your heart’s content. However, eBay does not ultimately participate in the transaction between buyer and seller, verify that items are genuine, or guarantee that you will receive payment or items. eBay is very concerned about your safety and encourages you to visit our Safety Centre for resources and tips on how to have a safe online experience with eBay.

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