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hidden minimum bid
years ago i sold items on ebay and there was a hidden minimum bid does that still apply and should i specify USD only??
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Discussions in this board are limited to the original poster and Community Mentors
years ago i sold items on ebay and there was a hidden minimum bid does that still apply and should i specify USD only??
eburtonlab
Mentor2 years agoDo you mean a "Reserve"?
https://www.ebay.com/help/buying/bidding/reserve-prices-work?id=4018
Reserve fees can be expensive, and are optional listing upgrades which means the seller pays the fee even if the item does not sell.
You may be better off starting the bidding at the minimum price you are willing to accept rather than using an expensive reserve amount.
comics-scifi-collectibles
Mentor2 years ago@gcestep. I believe that you are referring to a Reserve price.
I don't recommend using Reserve price as it's an optional listing upgrade fee of 7.5% that is due even if the item doesn't sell. This fee is in addition to final value fees.
Buyers also don't like Reserve price auctions and it encourages " sport bidders " to bid to see what your Reserve price is.
You should just start your auctions at a price you'll be happy with if you get just one bid.