on 02-10-2012 02:14 PM
Because YOU had the option of putting a starting price that was the MINIMUM you were willing to accept for the item.
If you started it at a price that was less than that -- that's your fault.
Selling mistakes can be expen$ive.
IF the item has more than 12 hours left - you CAN end the listing (canceling all bids in the process) and then relist it with a price that IS the minimum you are willing to accept for the item.
on 02-10-2012 02:21 PM
Yes... you're obligated to sell to the highest bidder for his winning amount if you didn't pay for eBay's Reserve Price feature to protect your low starting bid.
One of your current auctions is troublesome...
If this tray is worth as much as your Buy It Now price indicates, the first person to place a bid can win it for the minimum bid amount. BIN prices don't protect you against low winning bidders.
Read about eBay's Reserve Price structure...
on 02-10-2012 02:13 PM
You have to sell to the highest bidder, unless the reserve has not been met.
It is up to you to make sure that your starting bid is high enough, so that you will be happy with it if it is the only bid.
And,, since you are selling some higher priced items, I do hope that you will be on the lookout for scammers.
They tend totarget new sellers and try to convince them toi ship items before they actually have been paid.
on 02-10-2012 02:13 PM
You have two options when you list an item:
(1) Start the bidding at the lowest price you are willing to sell it for.
(2) Start the bidding at a low amount, and ADD A RESERVE price; this will PREVENT the auction from being won if no one bids high enough to meet the reserve amount you set.
Using a reserve costs more money and turns a lot of buyers off, so number 1 is the better option.
on 07-25-2013 07:03 AM
on 02-10-2012 02:22 PM
Your Buy it Now prices disappeared. They are not reserves, and go away with the first bid except in 4 categories which you aren't in. Generally list your BIN price within 10-15% of the starting bid, because people just aren't going to BIN when they can bid.
Most bidding happens in the last few minutes. Your choice if you want to start over or not. To cancel bids/end listings, see the dropdown menu end of row.
You listed a silver tray twice. Did you mean to do that? Keep an eye on your listings.
I would relist ALL except the silver ring if you don't have BLOCKS set in your seller account buyer prefs, especially out of the US and no Paypal and 2 strikes in 12 months.
Do NOT respond to ANY special requests. Do NOT believe any emails saying you have been paid. DO ship with Delivery Confirmation and add Signature Required if $250+.
Do not ship to any address that isn't showing on the shipping label.
You are open to many scams. Ask here about the slightest thing.
on 10-25-2013 10:19 PM
I was actually not aware that you could cancel a listing that already had bids. And you most certainly do not want to not honor an auction that someone has won. This is a binding contract, and, while you're unlikely to be sued, it will ruin your eBay reputation. Either way...this is a very bad idea if you ever want to be a successful seller on eBay. Serious eBay buyers always look at seller feedback (just as sellers look at buyer feedback. I won't buy from anyone who isn't in the high 90's percentage wise and I also read the comments. I made some pretty costly rookie mistakes as a new seller on eBay, but I felt morally obligated to honor the contract and in doing so I enjoy a very good eBay rep as a buyer and a seller.
on 09-01-2013 06:47 PM
Before listing anything for sale on ebay, read this:
If you are listing your ZYCHTJJ with an opening bid of $1.00 and free shipping, an the high bid is $1.05 you sold it for $1.05 and free shipping. Exception to this would be if you listed your auction with a reserve price....you are not obligated to sell unless the item meets or exceeds your reserve. In as much as the "bid is a binding contract" on the buyer, it is also binding to the seller. NEVER list an item for less than you can afford to let it go for.....buyers can, and will, report you as a non-performing seller for not honoring their bid.
on 09-30-2013 01:58 PM
Yes, if you have a bid you have to sell. The best thing to do is figure out how much $$ you need to get for the item to cover all the expenses (fees, shipping if it's included), then set your starting price. My way of thinking is the starting price should be the least amount you want to take for the item but will still make $$. Another option is to set a reserve, that way you can start the auction very low & there is a chance that it will get bid up to what you want/reserve price, I do think there is a charge to set a reserve.
Welcome aboard, and good luck.
on 01-18-2013 09:38 AM
The problem is that no rational person would sell their items at a loss. I mean, paying for an item that you will have to give to someone else.
Morals, codes and honouring and rules don't matter when you look deep deep down. Don't think so highly of yourselves
on 09-14-2013 11:23 AM
Ebay gives you the option of putting a reserve on it. If you don't have any bids, and it's not closing for at least 24 hours, click on revise, and put in your reserve. You don't have to cancel your listing unless it is less than 24 hours to go.
on 09-29-2013 11:06 AM
Ending a listing early because of low bids can be a mistake for a couple of reasons. First...Ebay will now charge you Final Value Fees even though the item didn't sell because it's very disappointing to search and find items to bid on and not get a chance to complete the auction. And, second, because many seasoned buyers use snipe bid programs that bid in the last 20 seconds...and you don't know what they will bid until it's over. It's not uncommon for the big money players to play last.
on 11-08-2013 12:48 PM