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What happens if you dont want to accept the highest bid in an auction?
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on 19-11-2014 09:38 PM
I'm new to ebay - I can't work out whether you have to accept the highest bid in an auction - or what happens if you don't want to accept it. You are encouraged to start with a very low opening price and there's nothing about a "reserve" price. Can anyone point me in the right direction?
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19-11-2014
09:56 PM
@sandyh4478 wrote:I'm new to ebay - I can't work out whether you have to accept the highest bid in an auction - or what happens if you don't want to accept it. You are encouraged to start with a very low opening price and there's nothing about a "reserve" price. Can anyone point me in the right direction?
1. Everyone was once "new to eBay".....some took the time to study buying/selling policies & guidlines.
2.Their are no reserves except in motors or real estate.
3.One should set the starting price at a level they are comfortable with & not be "encouraged to start with a very low opening price".
4.You need to put your self in the buyer's position.....if you bid in good faith & win the auction what would you expect the outcome to be?
5.As in any auction the fall of the hammer dictates the final price.
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