On e bay motors,they have some cars with a certain reserve,or no reserve,but then it says "buy it now for 3500.00".If e bay is an auction type service based on bidding,how can they legally put a price on something and sell it outright from under the bidders?What if I was willing to go to 3600.00.Shouldn`t I have that oppurtunity?But if they sell it outright at 3500.00 they are going against the baesics of e bay,aren`t they?
2006-08-13 07:43:06 · 4 answers · asked by Anonymous in Computers & Internet ➔ Internet
Normally, the seller has an auction that starts off at a certain price, and then they have the buy it now option. It gives the buyer the option to BUY IT NOW if they dont want to try and outbid the other buyers. Its just an alternate way of trying to get a quick win if they think the buy it now price is a good price for them. Normally, the buy it now price is the MAXIMUM price that the seller would sell for. They might have an ethical belief that the price of the item should not exceed a certain amount. If you would pay 3.6K, then I would think you would want to use the buy it now option to get the item right away instead of trying to bid on it. Its the "first come first served" basis.
It is legal because the seller has the right to sell anything on ebay whether it has a buy it now price or not. Most, in this case, would rather sell on amazon.com if most of their items require a target price.
Edit: And now because of competing websites, ebay has become more like a store and not an auction site. Because ebay allows bidding, they are still known as a "bidding" website for auctions, but now there are "ebay stores" that allow people to purchase items right away. Ebay is slowly turning into an online store, rather than an auction, but at least the option for auction is still available.
2006-08-13 07:51:17 · answer #1 · answered by Sean I.T ? 7 · 1⤊ 0⤋
the seller is taking a chance that the auction price may not go as high as they want, therefore they can put a Buy It Now price and sell it for that price to the person that offers it
I have done the same thing, and the BIN price is the price I sold the item at
if the closing price at the end of the auction is lower than the BIN price, the item has to be sold for the closing price
2006-08-13 07:54:09 · answer #2 · answered by Xandir Wifflebottom 3 · 0⤊ 0⤋
Did you supply ebay your credit card information once you joined? in case you probably did you might have won an e mail telling you that ebay will in no way ask to your information ever back. I surely have been on ebay for 7 years and that they've in no way asked for my information, just to replace my card expiry date. Watch ou there are various crafty beggars approximately, and in the event that they get your card information you're in shtuk.
2016-11-04 12:16:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It is my pleasure to answer a question that our leader "Sean I.T ©" has already answered.
Basically, I agree with Sean's assessment.
Just go PAST those silly offers. They are paying dearly for their posting, so they deserve NO BIDS.
2006-08-13 08:21:50 · answer #4 · answered by Anonymous · 0⤊ 0⤋