eBay

santannasierra · ‎08-17-2021

hi, my item is being bid on, however i have an amount in buy it now. it doesnt show on the page. is the item going to go to the highest bidder? thx

mtgraves7984 · ‎08-17-2021

The Buy It Now disappears with the first bid. Yes, the item will sell to the high bidder now. Good luck!

friskya · ‎08-17-2021

Yes. The highest bidder will get it. On auction listings, unless something has changed recently that I don't know about, once the first bid is placed, "Buy it now" disappears and it becomes a pure auction only sale.

If you have never owned a dachshund, no explanation is possible.
If you have owned a dachshund, no explanation is necessary.
(with apologies to St. Thomas Aquinas)

a_c_green · ‎08-17-2021

@friskya wrote:
Yes. The highest bidder will get it. On auction listings, unless something has changed recently that I don't know about, once the first bid is placed, "Buy it now" disappears and it becomes a pure auction only sale.

Actually, auctions in some categories (I think Clothing is one of them) will keep the BuyItNow in play until bidding reaches 50% of the BIN price. (I understand that it may also stay in play if the seller has set a Reserve price as well.) I may be a little off on the details here, but the BIN does not always disappear when the first bid is made.

@santannasierra : From the wording of your post, were you thinking that the BIN price was a Reserve price? Those are two different entities. If you set a Reserve price (which costs an additional fee), you do not have to sell if bidding does not reach your Reserve. Otherwise the auction will go to the winning bidder at the end (or to whoever hits the BuyItNow button instead, whichever comes first).

Regarding your current auction, you've already got 6 watchers on an auction that doesn't end until Saturday night, so I would be optimistic that you may get some lively bidding in the final minute.

femmefan1946 · ‎08-17-2021

The other reason a Reserve price is a Bad Idea is that you will be charged the ReserveFee even if your item does not sell.

If you do not want to sell below a certain amount,set your Opening Price at what you would accept and let the bidding go up from there.

This eliminates the Reserve fee, discourages bottom feeders, and gets you the price you actually want.

Most of eBay's advice is bad.

EBay is not your friend, eBay is your landlord.

nobody*s_perfect · ‎08-17-2021

The 4 category exceptions are clothing, cell phones, tickets, and auto parts.

Most sellers never notice this, because the opening bid is usually set at more than 50% of the BIN price, so the first bid "kills the BIN" just as it would in the regular categories.

a_c_green · ‎08-17-2021

@nobody*s_perfect wrote:
Most sellers never notice this, because the opening bid is usually set at more than 50% of the BIN price, so the first bid "kills the BIN" just as it would in the regular categories.

Back in the day, we called that "BIN stomping," plugging in a bid early on just to get rid of the BIN. 😏 It was a strategy for an auction that might go for less than the BIN at the end, but could be susceptible to someone else with deep pockets coming along and grabbing it at the BIN price.