posted on April 20, 2006 07:19:15 PM
I have a High End Item being Auctioned on Ebay. Ebays charge is $ 100.00 for my reserve.
5 Creepy buyers bid high amounts to find out my reserve, and then cancelled their bids. I wonder if this will mess up my auction? What do you think? Should I cancel my auction. I have 110 watchers and 5 days till it ends. This is a new problem for me that I feel, they have no right charging me for a reserve.
If item does not meet my reserve, can I fight with ebay about the reserve charge?
posted on April 20, 2006 07:36:26 PM
Why not at least wait till the 12 hour cut off mark if you feel you need to end it .I'd say with a 110 watchers you have a pretty good chance of it selling above the reserve and 5 days on eBay is like a life time.
posted on April 20, 2006 07:45:24 PM
Reserve fee is refunded when the bid meets or exceed reserve amount.
If you dont want anyone to mess around with your auction,you can give them some idea how much is the reserve in your item description.
/ lets all stop whining !! /
posted on April 20, 2006 07:55:03 PM
1) You can cancel your auction, but all it's going to do is guarantee that you spent money money for no reason. It's not as if you are going to get the fees refunded.
2) You have to understand why the reserve fees were enacted. before there were fees, people would list high ticket items with low opening bids and unattainable reserves in order to avoid paying fees. They would pay a low listing fee and no closing fee and then offer the item to the high bidder off of eBay. The only way to stop that practice was to force people to put their "money where their mouth is" so to speak.
3) Can you argue with eBay on a reserve fee? Sure... don't expect them to reply though.
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People put their hand on the bible, and swear to uphold the constitution. They do not put their hand on the constitution, and swear to uphold the bible.
posted on April 21, 2006 06:14:41 AM
instead of setting a reserve,you can always list your item at the price you are willing to sell.
/ lets all stop whining !! /
posted on April 21, 2006 07:41:12 PM
I remember when eBay didn't charge a premium price on reserve auctions. Sellers went crazy starting auctions ridiculously low, luring bidders who found an unreasonable reserve was set. It was a buyer's nightmare!
posted on April 21, 2006 08:24:21 PM
Before Ebay started charging fees for reserves, many people would list an item, with a ridiculous reserve, with no intention of selling it. All they wanted was a free appraisal. What better way to find the open market value of Aunt Matilda's antique mantle clock than to list it and see how high the bidding goes? Some executive at Ebay showed up for work one morning unexpectedly sober and figured this out. He also saw a chance for Ebay to make a few bucks off this practice. So if you don't want to take the time to research the going price on a high dollar item, and start the bidding at the minimum price you will accept, then by all means use a reserve. Meg will love you for it. So will the Mercedes dealer in San Jose.
If Murphy's law is correct, everything East of the San Andreas Fault will slide into the Atlantic
