Posted by James Howell on May 21, 2008 at 15:51:25 from (144.162.42.122):
In Reply to: OT-ebay question posted by mike ind on May 21, 2008 at 15:36:40:
He needs to review eBay Glossary for the definitions of both Reserve Price and Buy It Now.
Reserve Price The lowest price at which a seller is willing to sell an item in an auction-style listing. When sellers list an item, they can set a secret reserve price. If the highest bid does not meet the reserve price, then they're under no obligation to sell the item to the bidder. This feature lets sellers set a low starting price to stimulate bidding among buyers, yet ensures that the item will not be sold below a price they're willing to settle for.
Buy It Now A listing feature that lets a buyer purchase an item immediately for a price the seller has set. Items with this feature will display the icon and the Buy It Now price in their listings.
Just because he met your reserve price does not mean that he will be the highest bidder at the end of the auction.
You did the right thing in advising him to contact you after the auction.
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