In plain English
Publishers offer impressions, advertisers bid for them, and the exchange runs the auction. It is a marketplace rather than a reseller.
The distinction from an ad network is ownership. A network buys inventory and resells it; an exchange matches buyers and sellers without taking possession.
What to know
Why it matters
Which exchanges your buying reaches determines the quality of inventory you get. Advertisers who never ask end up buying whatever was cheapest.
Common mistakes
FAQs
Exchange or network?
An exchange matches; a network buys and resells. The fee structures differ.
Does it matter which exchange?
Yes. Inventory quality and transparency vary considerably.
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