Reducing minimum bid?

Question

As a seller, how do I reduce the minimum amount accepted? Or cancel my listing so I can remove/reduce minimum bid accepted?? Thanks.

wooden_flower · Answer

@falconrider

Do you mean reduce the reserve price? Your item has 3 bids, so it is already over the minimum bid, but has not met the reserve yet.

In your list of active items, select edit item next to it. You can reduce the reserve price. If you reduce it to the level of the current high bid, the current high bid will be reduced to $1 below the reserve.

https://www.ebay.com/help/selling/listings/selling-auctions/reserve-prices?id=4143&st=3&pos=1&query=Setting%20a%20reserve%20price&intent=Auction%20reserve&lucenceai=lucenceai&docId=HELP1264

In the future, instead of using a reserve, just set your opening bid price at the lowest price you will be happy to accept. You are paying 7.5% of your reserve price each time you run your auction with a reserve, even when it does not sell.