The item is worth rrp £100. would like to get around £70 for it, but because there is no reserve price and the highest bidder is , lets say £50, would I HAVE to sell it to that person, would there money go straight into my account????
2007-02-08 06:07:22 · 15 answers · asked by P 4 in Computers & Internet ➔ Internet
Nut is right. you can still add a reserve I think anyway, or withdraw the sale and start again.......
2007-02-08 06:09:42 · answer #1 · answered by Alicat 6 · 0⤊ 2⤋
When you sell an item, if someone is the higest bidder, and they choose to purchase it, they are entering a legalally binding contract with you...
They are obligated to pay you, and you are obligated to send the item to them...
DONT send them the item unless they have paid you first.
The money will go straight into your account if you have a PAYPAL account setup...
If you are afraid you wont get what you WANT to get for it, that is the risk of using ebay.
The best way to try and get what you want for it, is to give it a BUY IT NOW price as well as allow people to bid.
If you want at least 70 for it, put an 80 buy it now price on it, this way you get 70 for it, and 10 for the shipping costs involved...
2007-02-08 06:14:10 · answer #2 · answered by Danlow 5 · 0⤊ 0⤋
Once a person has bid you can't add or amend anything . You can however cancel the auction . They will ask for a reason and just state no longer for sale or one of the other options . Then @ a later date re-advertise . Only downfall is you will still have to pay the advertising fee for the item , But i'm guessing it's not as a greater loss than if it actually sold for alow amount ..
That is if the auction is still active ?
Hope this helps :)
2007-02-08 06:15:32 · answer #3 · answered by MynameisShirl 5 · 0⤊ 0⤋
mom knows everything is right! it will be sold to the highest bidder without any reserve, and the money you recieve all depends how you accept your payments. i.e if they pay you by paypal then it will go straight into your pp account then you have to withdraw it into your own bank account which can take up to a week or if its other methods like a cheque then dont send item out until it has cleared.
2007-02-08 06:13:05 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes you do have to sell to that person if they are the highest bidder at the close. However, it is possible to withdraw the item. You have to search the eBay long and hard for how to do this but it is there.
2007-02-08 06:10:21 · answer #5 · answered by Anonymous · 0⤊ 0⤋
i'm wondering an same element. My dad had me placed a belongings on the marketplace on Ebay and the itemizing value became over $one hundred!!! I had to call Ebay and they again the money (i presumed they purely charged the itemizing value if the article offered). My brother reported to easily commence the article at $a million and placed the reserve value on the bottom you're waiting to settle for to stay clear of the itemizing value. i'm not certain if that ought to artwork yet sounds like it may...
2016-11-26 03:08:47 · answer #6 · answered by strait 3 · 0⤊ 0⤋
by ebay rules, you are in contract with that person and are obligated to sell, if the item hasn't been bid on, yoiu can remove it, you could also close the auction earlly and tell the bidders the items broke (lie), but that might not make you too popular and if you put it on ebay again someone might report you.
just let it go, and consider it a lesson learned
2007-02-08 06:12:03 · answer #7 · answered by island3girl 6 · 1⤊ 0⤋
If you posted it without a reserve, you have to sell it to the highest bidder. Otherwise, you are in violation of the site's terms of use, and can be banned.
2007-02-08 06:09:45 · answer #8 · answered by MOM KNOWS EVERYTHING 7 · 1⤊ 0⤋
yes you would have to sell it for that price,money will go straight into your paypal account account if they pay with paypal. You'd better hope that it doesnt go for less than you want/ it might be worth relisting and putting a reserve on it.
2007-02-08 06:13:28 · answer #9 · answered by thundercatbabe 3 · 0⤊ 0⤋
You should be able to either modify the listing, or cancel it and relist it with a reserve.
If it sells as is, you have to sell it at that price to be in compliance with ebay rules.
2007-02-08 06:10:54 · answer #10 · answered by Amanda H 6 · 0⤊ 0⤋
yes it would..so if you dont want it to go for less than you want, i suggest you edit what you have put down and put a reserve price on it.
as for the money it depends on how the payment is made.
2007-02-08 06:12:23 · answer #11 · answered by yummy_mummy 3 · 0⤊ 0⤋