Im new to Ebay. I posted a sports card and inadvertently placed it under auction. Can i refuse to se

Question

It inadvertently was sold for $2.13 (value $200-220)and second card $173.00( value $400-500) I feel I need to honor the prices as its my own lack of understanding the Ebay rules. I don't want to start out with a bad review as I have 4000-5000 cards. Im selling my brother's lifelong collection over the last 49 years that was left to me when he unexpectedly passed away. Please advise.

eastlaneave · Answer

@kseelke

I'm sorry that happened.

When you list at auction, you have to accept the price you got.

If you have many cards to list, don't risk your account by cancelling these sales. It's a defect to cancel sales and your account can be downgraded or restricted.

When selling with an Auction, there are 3 price fields

1) Starting Price

2) Buy It Now Price

3) Reserve Price

- Starting price is the lowest bid that will be accepted. Some people like to put a low price here to gain attention for your Auction, but you also risk selling the item at that -low- price. Don't start it too low since you may have to sell it at that price.

- Buy It Now price is usually 30% higher than the Starting price and it is an option available -until- you get your first bid. Someone can pay that price and end the auction before bidding starts. After the first bid is placed, that price goes away. It is -not- a minimum price.

- Reserve price is above the Starting price. It is insurance that the item will not sell for less than the Reserve Price. The Reserve Price is hidden from bidders. Most sellers do not use this because it costs a fee and it discourages bidding/ bidders who do not like the hidden minimum.

- The fee for a Reserve Price is $5.00 or 7.5% of the reserve price, whichever is greater, -whether your item sells or not-. (I do not recommend this option, it is too expensive – every 7 days you pay it again.)

TIP ==>> You should always start an Auction at the amount you are willing to accept. (It is like a Reserve, only no fee!)

Here is where you can learn more about Auctions:

https://www.ebay.com/help/selling/listings/selling-auctions?id=4110

Another option for you is to list the higher price cards as a Fixed Price/Buy It Now with a Best Offer Option.

The item will stay listed until it sells.

If you want a Fixed Price/Buy It Now listing, not an Auction, and you want Best Offer.

When you create your listing:

-- With Quick Listing Tool or Mobile App
1) Turn ON Buy It Now
2) Turn OFF Auction
(In that order)
3) Click More Options
4) Check the box for Allow Offers

OR

-- With Website Advanced Listing Tool
1) Scroll to Format in the Pricing section
2) Click the format
3) Select Buy It Now (not Auction)
4) Click "See Pricing Options" Menu
5) Turn on the Best Offer Switch [Switch #1]
--Click outside the box to close that menu
6) Turn on the "Allow Offers" Switch [Switch #2] that now appears under Price

Then, it will be a Fixed Price/Buy It Now listing.

Here is a help page website where you can learn more about Fixed Price listings: https://www.ebay.com/help/selling/listings/selling-buy-now?id=4109

==>> If your listing is already live on eBay as an auction, you will need to End it and relist it with the correct settings. (Once a listing is active, you cannot change from Auction to Fixed Price and vice versa.) Don't End a listing with bids, that is also very bad.

Let me know if you have more questions.