I am going to sell a phone on eBay. If it only gets a $2 bid, do I have to sell to that amount?

Question

Also, I just made my paypal, and put in my information, but i didnt validate my bank account yet. i can still sell right?

thanks alot.

Answer 1

By eBay's Terms of Use, yes, you have to sell it for the $2 winning bid. You can place a reserve price on the item (for an additional fee) if you want to start it at a lower price but not sell it unless it reaches a certain price.

And yes, you can accept payment through PayPal. They're more than happy to take your money =)

Once your bank account gets confirmed (3-4 days, make sure you watch your bank account for two small deposits from PayPal since you'll enter these to confirm your account), you should have a fairly easy time moving it from PayPal to your bank.

Answer 2

If $2 is the highest bid then YES you have to sell it for that much. If you want more, you can set the "first bid" at a higher amount. Or you can put a reserve on it, but I know most people, if they see "reserve not met" won't even bother bidding on it. Reserve is sneaky and unfair to the buyer. I can't believe they even offer it.

Answer 3

No you can always put a reserve price say $200... so until someone bid $200 or more, you are not liable to sell your mobile...

Answer 4

dont know how your pay pal account is set up but you can put in a set amount that you will sell for like a call the the people will bid if they dont hit you preset price/call then it;s uop to you if you want to sell it..it's got anothetr name on e-bay just slips my mind now but thats how it works...reserve you can set a reserve price they have to meet.

Answer 5

try ioffer.in to sell free and they allow retail and wholeale and free store
Also u are allowed to put reserve on your price

Source(s):

http://www.ioffer.in