What does reserve price mean on ebay

What is the reserve price on eBay?

A reserve price is the minimum amount the seller is willing to sell an item for. If the reserve price isn’t met, the item won’t be sold. We’re actively addressing reports that some sellers are charging unfair or unreasonable prices for certain items on eBay.

Should I reveal my reserve price on eBay?

Re: I’ve been asked to disclose my reserve price

No, that’s not the case. It’s to prevent the item from being sold for any less than the Reserve. There’s no reason at all to keep it a secret.

How does eBay reserve price work?

According to eBay, A reserve price is a hidden minimum price—essentially, the lowest price you’re willing to accept for your item. If the listing ends without any bids that meet the reserve price, you aren’t required to sell the item.

Why is the reserve price 50 on eBay?

Hi, The £50 minimum reserve price is just that – the minimum! However, these are costly, so just set your item to the minimum you are happy to receive and that will be your reserve, because no one can bid lower!

What is meant by reserve price?

A reserve price is a minimum price a seller is willing to accept from a buyer. … If the reserve price is not met, the seller is not required to sell the item, even to the highest bidder.

Is the reserve price the same as buy it now?

On eBay, a reserve price is the minimum price the seller will take for an item, while a Buy It Now price is a set price you can buy an item for. A listing with a Buy It Now option does not mean that the bidding has a reserve price, though the two features can be used together in one listing.

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What happens if the reserve isn’t met on Ebay?

A reserve price is the minimum amount the seller is willing to sell an item for. If the reserve price isn’t met, the item won’t be sold. … If you bid below the reserve price, you’ll see a ‘Reserve not met’ message. This means that even if you’re the highest bidder at the end of the auction, you won’t win the item.

Can you tell if there is a reserve on ebay?

You have to click through to the Listing Page for the particular listing to find out if there is an unmet reserve (will say “Reserve not met” under the “current bid” amount) and from there to the Bid History Page (click on the # of bids on the Listing Page) to find out if there is a reserve that has been met (will say …

Can I remove reserve price on eBay?

To lower or remove the reserve price: Find your listing in My eBay Selling – opens in new window or tab or Seller Hub – opens in new window or tab. Select Revise from More actions. In Selling details (business tool) or Pricing (quick listing tool), lower or remove your reserve price.

Can eBay seller cancel winning bid?

Sellers are allowed to cancel bids for ANY reason. eBay will not do anything about it. The seller may have looked at your ‘Feedback left for others’ and decided they’d prefer to sell to another buyer.

Do I have to sell my eBay item if the bid is too low?

Answers (2) Yes, you are required to sell to the high bidder. You should not start the bidding at a price you will not accept. The Buy It Now is not a reserve and in most cases will disappear after the first bid is placed.

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What is the lowest reserve price on Ebay?

Ebay for their own reasons decided that the minimum reserve price is £50, accept it and move on. As others have said start your auction at the minimum you’d be happy to accept, unless it’s a free listing day then yes you’ll have to pay an insertion fee but that will be alot less than the reserve fee.

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