Cutoff bidding amount

[sangso_88]

I am setting up a bidding for an item. How can I set a cutoff amount that completes the bidding? The cutoff amount means that the hightest bid should be higher than the amount. I can't locate the option in the page. Thanks in advance for your help.

[lady_madonna]

@sangso_88 

You set the duration of the auction and the highest bid at the end of auction wins the item.

Make sure to start your minimum/starting bid at the LEAST amount you would be willing to accept to sell your item.

[sangso_88]

I understand that a seller is allowed to set the starting bid amount and also a 'reserve' price, the minimum amount that the seller is willing to sell the item. The highest bid should be higher than the reserve price. My question is how to set the reserve price, which I can't locate it from the pricing section.

[rock.star]

Using a reserve is expensive, 7.5% of the reserve amount minimum $5.00. And there is no refunds. 

Just start your auctions at your minimum price and avoid the fees.