What is reserve price on ebay

It's common sense, but it bears repeating: the purpose of a reserve price is to cancel the sale of an item for which bids did, in fact, exist. This means fewer sales overall and lower average prices. Keep in mind, just because your item didn't sell, that doesn't mean eBay will let you off the hook for fees. Setting a reserve price incurs a special fee, and if the item doesn't sell, that fee is coming out of your pocket instead of the sale price. Reserve auctions can surprise buyers, resulting in a higher non-paying rate.

Bidders may place a bid, see that they didn't meet your reserve, and move onto someone else's auctions. Days later, when the listing ends and they've turned out to be the winning bidder in a reserve-met auction, they may inform you that they bought elsewhere and try to back out of the transaction.

By not setting a reserve price, you'll avoid this non-paying bidder problem. In many cases, a seller can achieve a better outcome by checking the current market value for your item. Search "completed listings" to see what similar items recently sold for, then set a higher starting bid, or use a Buy It Now price. Q: An auction just ended and the reserve was met. What now? A: Both parties complete the transaction as they normally would with any other auction.

After a reserve auction ends with a high bid that surpasses the reserve, sellers will wait for payment, then ship the item. Q: An auction just ended and the reserve wasn't met. A: If you're the highest bidder on an auction that has ended and the listing shows that the reserve price was never met, you're likely out of luck. The seller is not obligated to sell you the item in question at any price, much less the closing price of the auction.

You are free to contact the seller and request that they send you a Second Chance Offer to complete the sale any other method of competing for the sale would violate eBay rules. Sellers who don't use a Second Chance Offer have two other options—they can start over by relisting the item , or they can decide not to sell the item.

As a seller, there are some situations where you can cancel bids that have been placed on your auction-style listings. Skip to main content. Enter the key words you want to ask for help. Ashley Poland has been writing since She has worked with local online businesses, supplying print and web content, and pursues an active interest in the computer, technology and gaming industries.

In addition to content writing, Poland is also a fiction writer. She studied creative writing at Kansas State University. By Ashley Poland. Reserve Price An eBay reserve price is the amount that bidding must reach for the item to actually sell. As a seller, there are some situations where you can cancel bids that have been placed on your auction-style listings. However, once cancelled, a bid can't be reinstated. Skip to main content.

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