How immediate payment works

You can require immediate payment in both fixed price listings, as well as auction-style listings with a Buy It Now option.

Here's how it works:

Fixed price: When you require immediate payment in a fixed price listing, the first person who selects Buy It Now and completes the PayPal transaction gets the item
Auction with Buy It Now: Immediate payment only applies to Buy It Now transactions, so when a bid is placed the immediate payment requirement disappears. (If you listed with a reserve price, it disappears after the reserve price is met.) The listing then becomes a regular auction listing and the highest bidder wins
Tip
Immediate payment listings can only be paid for through PayPal.