11-26-2023 06:47 PM
... and a buy it now price. There are bids on the item, but not up to the reserve price, yet. I received an offer via e-mail through eBay, which is above my reserve price but not at the Buy It Now price. The potential buyer has no way to click Make An Offer. I'm fairly inexperienced with selling on eBay, so I would appreciate any advice. Thanks!
11-26-2023 06:52 PM
No you cannot change it now. Let the interested buyer bid his number and your reserve price will become the high bid. Just let it run you may get a higher bid than that.
11-26-2023 06:52 PM
Once it receives a bid, it continues as a regular auction, no BIN or offers.
11-26-2023 07:00 PM
My advice would be not to use auctions at all.
And never use Reserves.
Whether your auction meets the Reserve or not you will be paying a fee for using that option.
I am confused about the Reserve/Buy it Now.
Are you sure you have both on this auction?
First-- your opening bid is a form of Reserve. One that is FREE.
No one can bid lower than your opening bid.
As I mentioned, you pay for the Reserve whether the auction finds a winning bidder or not.
And many buyers detest Reserves and will not bid in Reserved auctions.
A Buy It Now is stated on the Auction as a set price. BINs usually disappear after the first bid is placed.
You can tell your customer the Reserve and encourage them to bid the Reserve (or higher).
But if you already have bids, that is a good sign that others are also interested.
There may already be electronic Snipes set up, which you and eBay cannot see.
Most bids both electronic and manual arrive in the last few minutes of the auction.
And you don't know what the maximum bid of your high bidder is, only that it is at least one increment higher than the underbidder.
Accepting the offer may be leaving money on the table.
My suggested Response would be " Thank you for your interest. The reserve on this auction is $XXX.xx, which is lower than your offer. I would encourage you to bid the reserve or more. I do not want to disappoint the other bidders."
11-26-2023 07:04 PM
Just noticed that you are auctioning a high value/high fraud item.
Do NOT accept or try to work with the emailed offer.
You are already at risk of losing both payment and camera to a scammer, just because you are new to selling here.
Do not communicate with them except through eBay.
Do not allow them to pay you any way except through Managed Payments.
There is NO REASON to text them. Never accept payment outside of eBay 's Managed Payments. And gift cards are right out.
Be careful.
11-26-2023 07:19 PM
@eiwiz wrote:... and a buy it now price. There are bids on the item, but not up to the reserve price, yet.
I received an offer via e-mail through eBay, which is above my reserve price but not at the Buy It Now price.
Does this mean @eiwiz that you can lower your Buy-It-Now price to that offer price, for them to quickly buy it?
You can lower the Buy It Now price for fixed-price Buy It Now listings and for auction listings with no more than 12 hours left and no bids.
To lower your price:
11-26-2023 07:38 PM
Their item has 3 bids, so they can't change anything.
11-26-2023 07:47 PM
You can not change the terms of your auction mid auction.
If you were agreeable to accept offers before then you should have listed as an auction with the best offer feature to begin with and not used a reserve.
11-26-2023 07:54 PM
My advice would be not to use auctions at all. Not always the best advice. Auctions work well for some items and one thing about BIN is you are NEVER going to get more than your asking price unless it is some type of scam.
And never use Reserves. Agree 100% just set your starting bid at what your reserve is/would have been.
Whether your auction meets the Reserve or not you will be paying a fee for using that option. Yep, so you may not sell the item but still pay FVF's.
I am confused about the Reserve/Buy it Now.
Are you sure you have both on this auction? They do, simply look at the listing
First-- your opening bid is a form of Reserve. One that is FREE.
No one can bid lower than your opening bid.
As I mentioned, you pay for the Reserve whether the auction finds a winning bidder or not.
And many buyers detest Reserves and will not bid in Reserved auctions. Agree when I used to buy a lot on eBay I always ignored auctions with a reserve price.
A Buy It Now is stated on the Auction as a set price. BINs usually disappear after the first bid is placed. They remain, OBO options disappears once an opening bid is placed.
You can tell your customer the Reserve and encourage them to bid the Reserve (or higher).
But if you already have bids, that is a good sign that others are also interested.
There may already be electronic Snipes set up, which you and eBay cannot see.
Most bids both electronic and manual arrive in the last few minutes of the auction.
And you don't know what the maximum bid of your high bidder is, only that it is at least one increment higher than the underbidder.
Accepting the offer may be leaving money on the table. One of the positives of an auction format is to attempt to get the most for the item you are selling.
My suggested Response would be " Thank you for your interest. The reserve on this auction is $XXX.xx, which is lower than your offer. I would encourage you to bid the reserve or more. I do not want to disappoint the other bidders." I use the auction format almost exclusively and while I do not use reserves this is not something I would recommend. I also don't use OBO and still receive unsolicited offers which I simply ignore.