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Community Member
do i have to accept a low bid on something that i know is worth more
Posts: 1
Registered: ‎03-07-2013

do i have to accept a low bid on something that i know is worth more

Other Answers: 5
mrsmtn
Community Member
Posts: 13,056
Registered: ‎08-14-2008
Answered
in reply to g2befree

Yes, you MUST sell to the winning bidder.  If you know it's worth more why did you value it so low??

ok_so_im_50
Community Member
Posts: 1,466
Registered: ‎05-16-2006
Answered
in reply to g2befree

You are the one who set the starting price. You can't say it's too low if you are the one in control over how low the auction starts.

 

If you have no bids, revise your listings and set the start prices to something of your liking.

kraloe
Community Member
Posts: 45,225
Registered: ‎05-11-2005
Answered
in reply to g2befree

Don't be confused about bidding. It's not something a seller has an option to accept  or not. Once a buyer wins, a seller is obligated to complete the transaction.

You start bidding at acceptable prices, which you could have done. Since you didn't start at 99¢, like many sellers do, how is it that your starting prices are not high enough for your liking?

kpost-2012
Community Member
Posts: 2,579
Registered: ‎06-13-2012
Answered
in reply to g2befree

Yes, you need to honor the winning bid.

 

In the future consider setting you starting bid at the min price you want for it or set a reserve or use the best offer funcion.

bostongrammy
Community Member
Posts: 9,289
Registered: ‎11-24-2002
Answered
in reply to g2befree

You have to accept any bid that is at or above the opening bid amount that you chose for the auction.