EBay Reserve Question

[js]

Hi.

Im selling an item on EBay. I have a reserve on my item. I guess I should have asked this before I listed but do the bidders see my reserve? For instance, what happens if my reserve is $10 and someone bids $8. Do they see that the reserve is not met?

Thanks.

 

[usnuzuloose]

No, they don't see it. It will tell them the reserve has not been met yet.

 

[cats mom]

Just a general question on the subject of reserve prices... why not start the auction at the minimum price you'd be willing to accept instead of using a reserve?

Maybe it's just me, but I find auctions with reserve prices annoying, so more often than not I just avoid them.

There isn't an advantage to having a lower starting price when it comes to fees anymore is there? IIRC even when there was adding a reserve offset that. Maybe I'm missing something though.

 

[Luvchefmic]

Reserve auctions are a big turnoff to me too and I have been a buying member on eBay for about 15 years.

 

[sunshinehighway]

Just a general question on the subject of reserve prices... why not start the auction at the minimum price you'd be willing to accept instead of using a reserve?

Maybe it's just me, but I find auctions with reserve prices annoying, so more often than not I just avoid them.

There isn't an advantage to having a lower starting price when it comes to fees anymore is there? IIRC even when there was adding a reserve offset that. Maybe I'm missing something though.

I must be missing something too because I feel the same way about reserves.
Also, there's a fee to add one. I think it's $2 or $3 too. That's a big fee, especially on a $10 reserve.

 

[tasha99]

I recommend putting the reserve amount in the description, as there is no good reason to keep it a secret. I hate reserves and usually ask the seller what it is. Amazingly, many won't disclose it, and I end up not bidding at all.

 

[DisneyHardin]

I sell on eBay as my part time job and my "professional" opinion is to not use reserves. Just set the opening bid at the lowest you are willing to take.

 

[supersnoop]

I recommend putting the reserve amount in the description, as there is no good reason to keep it a secret. I hate reserves and usually ask the seller what it is. Amazingly, many won't disclose it, and I end up not bidding at all.

Disclosing the reserve is against eBay policy. That kind of defeats the purpose of the reserve.

 

[Iowajes]

Just a general question on the subject of reserve prices... why not start the auction at the minimum price you'd be willing to accept instead of using a reserve?

I've always wondered this too. I won't bid on auctions with reserves out of principle.

But I think there may be some psychology behind it- people like to see a low starting price.

 

[js]

No, they don't see it. It will tell them the reserve has not been met yet.

Thank you. Does it tell them that after they place a bid or before the bid they see the last bidding price the reserve not met?

Thanks so much!

 

[supersnoop]

Thank you. Does it tell them that after they place a bid or before the bid they see the last bidding price the reserve not met?

Everyone can see the current bid price and that the reserve has not yet been met. When someone places a bid, the bid increments just like any other eBay auction, unless they exceed the reserve, in which case their bid will match the reserve price.

 

[AlohaNow]

Just a general question on the subject of reserve prices... why not start the auction at the minimum price you'd be willing to accept instead of using a reserve? QUOTE]


One word……marketing.

Generally, reserve pricing is only used on high value items. As someone mentioned, the fee to add a reserve price would not be worth it on a $10 item. If I am listing a high value item (say, $100 or $200) and I start the auction at $0.99, that is going to garner a lot of interest initially. I will get a bunch of bidders in the beginning, who will then have this item in their queue and eBay will remind them of it. Someone might fall so in love with the item that they decide they must have it and will continue to bid up as they get outbid over the seven day auction. Someone will probably even get a sense of satisfaction to be the bidder that goes over the reserve price. There is a lot of psychology in how people buy things, and starting a high value item at $0.99, but with a reserve, is definitely one way to hook people into your auction.

 

[js]

Everyone can see the current bid price and that the reserve has not yet been met. When someone places a bid, the bid increments just like any other eBay auction, unless they exceed the reserve, in which case their bid will match the reserve price.

Thank you very much. So annoyed at myself for doing that with my item. Gggrrr

 

[js]

I have met my reserve thank goodness and want to thank you all for your help.

I have a second similiar item I want to put up at end if the week and will not do reserve.

I should have asked here first!

Thank you all.

 

[Pamlur]

It is not against eBay policy to disclose your reserve price; they want you to sell your item so they can get the final value fees.

 

[js]

Please help asap.

I need to end my listing since my item is not what Is appearing in the Description area.

Its a very high amount. Do I just end my listing? I dont know how that happened but it ends in 15 minutes and Ive been on hold with ebay waiting to ask them fir 5 min so far.

Please help.

 

[Pamlur]

Do you have bids on the item? If so, you need to go in and cancel all the bids, then you can end your item. Hurry to do it if your item is ending soon, but DON'T FORGET to cancel any and all bids. I don't remember if you have to give a reason, but apparently you have a good one so just tell the truth.

 

[js]

Do you have bids on the item? If so, you need to go in and cancel all the bids, then you can end your item. Hurry to do it if your item is ending soon, but DON'T FORGET to cancel any and all bids. I don't remember if you have to give a reason, but apparently you have a good one so just tell the truth.

Thank you.
I didnt have enough tine to do this and the item ended. I contacted the winner immediately and they hadnt paid yet which was great. I sent them the info and sent. Then about five minutes later they paid. Gggrrrr. So now I contacted them again and said Ill refund the money or they can decide to keep or keep for different price. I wanted to immediately refund money but need their email address for paypal to refund.

Its been almost two hours and havent heard from them yet!?

Thank you very much for your help. I appreciate it.

 

[Pamlur]

This is really long, but I think you need it.

How do I issue a refund?

Enter your search

How do I issue a refund?
Print

You can issue a full or partial refund up to 60 days after you receive a payment.

Here’s how to issue a refund:

1. Log in to your PayPal account.
2. Click Activity.
3. Click Details next to the payment you want to refund.
4. Click Issue a refund.
5. Enter the refund amount, then click Continue.
6. Review the information, then click Issue Refund.

Note:

• You can refund payments that are Completed, Pending, Cleared, or Uncleared.
• To make sure the buyer isn’t credited twice for the same transaction you cannot refund a payment when there’s a credit card chargeback associated with this payment.
• When you refund a payment, we will retain the fixed fee of your transaction fee. To learn more about variable and fixed transaction fees, click Legal Agreements at the bottom of the PayPal page, click PayPal User Agreement and browse to section 8.
• If there’s not enough money in your PayPal balance to cover the refund, we’ll issue the refund from your primary bank account.

 

[js]

This is really long, but I think you need it.

How do I issue a refund?

Enter your search

How do I issue a refund?
Print

You can issue a full or partial refund up to 60 days after you receive a payment.

Here’s how to issue a refund:

1. Log in to your PayPal account.
2. Click Activity.
3. Click Details next to the payment you want to refund.
4. Click Issue a refund.
5. Enter the refund amount, then click Continue.
6. Review the information, then click Issue Refund.

Note:

• You can refund payments that are Completed, Pending, Cleared, or Uncleared.
• To make sure the buyer isn’t credited twice for the same transaction you cannot refund a payment when there’s a credit card chargeback associated with this payment.
• When you refund a payment, we will retain the fixed fee of your transaction fee. To learn more about variable and fixed transaction fees, click Legal Agreements at the bottom of the PayPal page, click PayPal User Agreement and browse to section 8.
• If there’s not enough money in your PayPal balance to cover the refund, we’ll issue the refund from your primary bank account.

Thank you. Ill print and do hhis tomorrow at work. Why hasnt she answered me yet? I think thats a little strange I havent heard from her yet.

Thank you so much.