posted on May 9, 2000 01:58:47 PM new
Hello, I'm a new seller at Yahoo!, and I have one question about the buy price. If the auction closes but the buy price was never met, am I obligated to sell this item? Thanks for any reply.
posted on May 9, 2000 02:25:03 PM new
If you ran the auction with a buy price but a lower opening bid and no reserve, then yes you are supposed to sell it for where ever it
ended at.
posted on May 9, 2000 02:26:32 PM new
The Buy Price will end the auction if they choose so, the second they buy. If you list an item for $10, but have a buy price of $20. If you only get 1 bid for $10, you have to sell the auction for that price. Unless you have a reserve price. If it is $15, are not obligated to sell unless bids go to $15. If $20 reserve, not obligated unless bids go to $20. Hope this helps, if I am wrong, someone please correct me.
posted on May 9, 2000 10:14:00 PM new
Always set your opening at the minimum you will accept. You can make the Buy price the same or higher. In this case you do have to sell for the high bid since there wasn't a reserve.
I never recommend Reserves, I don't use them and I would NEVER bid on one & lots of others feel the same way. They are a huge turn-off to everyone I talk to.
[ edited by kasmoon on May 9, 2000 10:14 PM ]
to everyone I talk to.