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 Replies: 11 / Views: 1,708 |
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Pillar of the Community
Canada
636 Posts |
Why would a seller on ebay list an item, and have a hidden minimum bid? I logged in this a.m, and found a recently listed item and made a bid. Then got a pop up window saying I didnt meet the minimum bid'requirement. I always thought there was visibility to the associated minimum bid for listed items. What advantages are there for sellers when the minimum bid is hidden anyway? I finally gave up after a few attempts of gradually increasing my opening bid. Quite frankely I didn't feel like messing around with it anymore. Thanks for any help |
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Pillar of the Community
United States
819 Posts |
hmmm, not aware of minimum bid requirement and I sell a lot on ebay, some sellers have a hidden reserve amount that has to be met before the sale is consumated, that has to do with listing fees sometimes,i.e. the listing fee for in item starting under $10 plus the reserve fee is less than listing an item at $100 (or it used to be, haven't checked in a while) what is the auction number? |
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Pillar of the Community
 Canada
636 Posts |
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Moderator
 United States
23537 Posts |
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Pillar of the Community
Canada
1051 Posts |
It's just a reserve amount, if the bidding doesn't make it to the sellers pre-determined level, the item will not be sold.
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Pillar of the Community
Canada
636 Posts |
I understand the concept of it 1cent, but what is the reserve amount/ miniumum bid..and why the big secret in the listing?
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Pillar of the Community
Canada
4227 Posts |
Normally, unless the seller list the reserve amount in the description, the reserve will always be unknown. Sellers do it just to protect themselves in case the item doesn't reach the minimum they are willing to let it go. Many sellers feel they get more interest by starting the bidding at 99cents with a reserve amount of, say, $40 instead of just making the starting bid $40. It's just a strategy used by sellers.
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Rest in Peace
 United States
1380 Posts |
Buying non coin stuff on e-bay, I've found most sellers will tell you what the reserve is if you email them. As basicbob said, it's just a way too keep the fees down. The few times I've sold something with a reserve, I was happy to ell anyone who asked what the reserve was.
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Pillar of the Community
Canada
636 Posts |
Thanks jg, and everyone, just to wrap this up, why wouldn;t this seller at least introduce a starting bid in the same manner as the attached. http://cgi.ebay.com/a1worldtrading-...NC_W0QQitemZ370154868446QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item 370154868446&_trksid=p3286.c0.m14&_trkparms=66:2%7C65:3%7C39:1%7C240:1318 Quite frankley I lost interest in this others sellers coin once I had to start pissing around with bid after bid to try to home in on what his miniumum bid would be. Im not trying to be difficult, its just that was a 1st for me. Thanks everyone again |
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Pillar of the Community
United States
819 Posts |
Lots of folks won't bother to bid on an item with an unknown reserve for that same reason....I always list my reserve in the text of my sale and most do, if the seller won't tell you the reserve after an email I would send him a reply that he just lost me as a bidder and has excluded about 30% of other bidders who won't bid on an unknown reserve, then close it with "respectully" and my tag line and a link to this thread
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Pillar of the Community
Canada
1051 Posts |
I've found the best way to list items that I think will sell easily is to start with an opening bid of 0.99 and put a buy it now on the auction. The fees are cheap, and nobody has to guess at reserve prices. The only problem is, if you happen to schedule the auction at a bad time and it doesn't get much interest, you are stuck with whatever high bid you get.
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Pillar of the Community
Canada
636 Posts |
Yea, I think that the more conventional way I have seen 1cent.
I've also seen some sellers charge an unbelieveable S&H fees, which keeps the bidding down very low.
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Replies: 11 / Views: 1,708 |
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Posted 02/07/2009 1:26 pm
