I have placed a reserve. If the bid is higher than this, do I have to sell?
2007-11-04 03:50:46 · 4 answers · asked by Nat B 1 in Business & Finance ➔ Advertising & Marketing ➔ Other - Advertising & Marketing
Yes and no. The general principle when you place an item on ebay, unless there is a valid reason, both parties should complete the transaction.
Valid reasons for not selling is you were not paid or not paid before the time limit, ie I state payment due in 76 hours after winning bid. You stated item was also for sale through some other way and might be withdrawn.
The item is damaged or not working as expected and you do not want to risk selling a defective item.
2007-11-04 04:00:32 · answer #1 · answered by Gatsby216 7 · 0⤊ 0⤋
Yes you do. From ebay:
" A reserve price is the lowest price at which you are willing to sell your item. If you don’t want to sell your item below a certain price, you can a set a reserve price. The amount of your reserve price is not disclosed to your bidders, but they will see that your auction has a reserve price and whether or not the reserve has been met. If a bidder does not meet that price, you're not obligated to sell your item"
2007-11-04 04:01:20 · answer #2 · answered by boyoyoyoyoyoying 1 · 0⤊ 0⤋
YUP..unless you made a mistake in the listing..you can pull it, but it has to be quick.
2007-11-04 04:01:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
YES THAT IS THE REASON FOR THE RESERVE
2007-11-04 03:54:22 · answer #4 · answered by dennisgonzalezdgm 4 · 1⤊ 0⤋