![]() Timing can matter - if a listing ends in the middle of the night, there may be fewer bidders in the crucial last few minutes of the auction.ĮBay Buy It Now listings, also called fixed-price listings, work more like traditional online marketplaces, like Amazon.The item could sell for less than hoped (a reserve price can prevent this).Buyers aren’t required to pay right away, and sometimes the winning bidder won’t ever pay for the item (you can re-list the item in this case).Auctions take a bit more effort to list and manage.The seller can let buyers decide what the fair price is.This method is often a good option for single items.This method often works well for rare or uncommon items.Items may sell faster than fixed-price listings.The excitement of an auction often draws in more buyers.“Bidding wars” can sometimes lead to items selling for more money.With an eBay auction, the auction concludes automatically at the set end time. In a traditional auction, bidding usually continues until nobody is willing to outbid the highest current offer. Unlike traditional auctions, eBay auctions end at a predetermined time, even if there are still active bidders. If the current bid is $10, the system may bid $11 now, and then automatically increase the bid up to a maximum of $20 as other buyers place bids. There is also an automatic bidding feature that buyers can use, allowing buyers to place their maximum bid, and the system will automatically bid up to that amount.įor example, a buyer could set their maximum bid to $20. At the end of the auction term, whoever is the highest bidder wins the auction. If another bidder offers $12, the first user can manually bid again to maintain the highest offer. If a user is willing to pay $10 for an item, they can simply place a bid for $10. ![]() Once the item is listed, buyers are free to place bids on the item. If no reserve price is set, the highest bid amount will win - even if it’s the starting bid of $1. ![]() When the auction ends, if the highest bid is less than $50, the item would not sell, and the seller could re-list the item. This is the minimum amount that the seller agrees to sell the item for.įor example, a seller could list an item for 7 days, with a starting price of $1 and a reserve price of $50. ![]() If desired, the seller can also set a “reserve” price. By default, items are listed for 7 days, but 3, 5, and 10-day auctions are also possible. The seller lists an item, sets a starting price, and sets the length of the auction. ![]()
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