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Ebay selling methods
Standard
Auctions
Buyers bid up from the
seller's starting price
along with other buyers
to get the best deal.
Buyers can watch the
item to see how the
bidding is going. When
the listing ends, the
highest bidder wins the
item and completes the
purchase.
A typical auction-style
listing works this way:
- The seller offers one
or more items and sets a
starting price.
- Buyers visit the
listing and bid on the
item during the online
auction's duration.
- When the auction-style
listing ends, the high
bidder or bidders buy
the item from the seller
for the high bid.
The auction-style format
is flexible. Sellers
will be given many
options, including
giving buyers an
opportunity to buy at a
fixed price (Buy It
Now), setting a hidden
minimum-selling price
(Reserve price.)
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Reserve
price
Sellers can add a a
reserve price on their
item. A reserve price is
a hidden minimum price,
the lowest price that
the seller is willing to
accept for the item. If
the listing ends without
any bids that meet the
reserve price, the
seller is not required
to sell the item. Once
the reserve price has
been met, the "reserve
not met" label will be
removed.
Buy It
Now
Buyers can buy the item
immediately at a fixed price. It is an option in
auction-style listings. If a seller offers this
option, you'll see the Buy It Now icon next to
the listing. When Buyers see the Buy It Now icon
next to a listing, and see a Buy It Now price,
they can purchase the item right away at a set
price without waiting for an auction to end.
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