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I created a listing with $500 minimum bid but it’s showing I got a $6 bid!
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I created a listing with $500 minimum bid but it’s showing I got a $6 bid!
woodland_gnome
·1 year agoYou created a listing with a Starting Price of $6.00 (the initial "minimum bid" for the very first bid, the minimum bid rises after that based on the "current bid" resulting primarily from the second highest bid amount plus up to 1 bid increment.
If you had a Buy It Now that went away with the first bid. On some listing forms you enable either a Starting Price or a Buy It Now price or both. You might have confused the two boxes. If so you have a valid reason to cancel all bids and end the listing early without a winner. There is a fee for doing so based on the highest cancelled bid (the hidden maximum of that bid, not the showing amount--there is no way to know how much that will be until you cancel the leading bid) but it's probably better for you to do so now before other bidders find the listing.
rock.star
·1 year agoSounds like you enter a Buy it now of $500.
With an auction the BIN goes away when the bidding starts.