{"id":341,"date":"2022-03-10T18:37:48","date_gmt":"2022-03-10T18:37:48","guid":{"rendered":"https:\/\/sportsworldcards.com\/?p=341"},"modified":"2022-03-14T18:29:07","modified_gmt":"2022-03-14T18:29:07","slug":"what-is-a-reserve-price-on-ebay","status":"publish","type":"post","link":"https:\/\/sportsworldcards.com\/what-is-a-reserve-price-on-ebay\/","title":{"rendered":"What Is A Reserve Price On eBay?"},"content":{"rendered":"\n
Let’s face it, we all love getting a deal. This is where eBay took off. Unlike a physical auction or swap-meet, eBay allows you to bid on items for sale and hopefully grab yourself an item for much lower than their usual price. <\/p>\n\n\n\n
But of course, some sellers will not sell items for outrageously undervalued cost and this is where reserve prices kick in. <\/p>\n\n\n\n
When it comes to using eBay, it can be a very complicated tool, and sometimes you need the complex terminology to be made much more manageable and understandable.<\/p>\n\n\n\n
This guide will try to weed out the jargon and give you a clear explanation of what a reserve price is and how it all works. <\/p>\n\n\n\n
So, get comfortable and get your checkbook! Let’s understand eBay!<\/p>\n\n\n\n
Have you ever been to an auction and the auctioneer has said \u201cwe’ll start the bidding at $4,000\u201d. The reason for this is that the auction house will not allow the sale of the item to be under this value. <\/p>\n\n\n\n
When it comes to reserve prices on eBay, this is a similar thought process. Let’s say there’s an item that you really, really want \u2013 and you noticed its bids are at $100, but the reserve price is $500. You may think, hey \u2013 that’s up for grabs! <\/p>\n\n\n\n
Well, sort of. The reserve price refers to the minimum price that the seller will let the item go for. If this price is not met, the item will not be sold. This is different from the starting price, which can be as little as a buck (or nothing if they plan to give the item away!). <\/p>\n\n\n\n
There is perfect sense to why a seller will set this lowest price. When it comes right down to it, we’re all trying to make money if we’re selling something, and if a seller is aware of how much an item should be sold for \u2013 or they know how much they’d be happy to sell an item for, they will set one of these reserve costs. <\/p>\n\n\n\n
Reserve price auctions work slightly differently from your standard auction. With normal auction listings, whatever the final bid was \u2013 that is how much the item must be sold for. However, with a reserve price listing \u2013 the item does not get sold unless this minimum sale price is met.<\/p>\n\n\n\n