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Reserves
Why, when I put a reserve price of, say $60, on an item, does it go for $15?
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Why, when I put a reserve price of, say $60, on an item, does it go for $15?
woodland_gnome
·2 years agoA common mistake is to confuse a Buy It Now with a Reserve Price, which it is most definitely NOT. A BIN is an optional "early bird special" for a buyer to buy it NOW before someone starts bidding (in most situations it goes away with the first bid). It should be set at what you would LOVE to get for the item, not at the minimum you are willing to sell for.
If you had actually set a $60.00 Reserve Price on a listing you would have been charged a fee of $5.00 (7.5% of the Reserve with a $5.00 minimum). Don't use a Reserve Price. Set your Starting Price at your true minimum you are willing to sell for at this time (don't forget to figure in fees on the price plus s/h and sales tax to a hypothetical buyer in a distant high-tax state and locality).
rfmtm
Mentor2 years agoIt can't if the reserve was not met. What was the Item Number?
Best just to start the auction at the minimum you will take and not use the pricey reserve option that you pay whether the item sells or not. Besides, buyers hate reserves.