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Buy It Now Question


shute

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Got something up an Ebay with a ''buy it now'' tag

question - if someone places abid on the said item and its not the B-I-N price - do I have to sell it for the bid price ?????????

Does it have both an auction & buy-it-now?

If it does yes you will have to sell it at the finishing auction price even if it's less than the buy-it-now price.

Derek

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There was a starting price and a buy it now price

When there has been a bid it's a straight auction and you are obliged to sell at the final auction price.

Derek

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Guest john s

I understand that part, what I'm trying to find out is - if the buy it now price is not met, do I still have to sell

Yes you do - that's why some people set reserves.

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When there has been a bid it's a straight auction and you are obliged to sell at the final auction price.

Derek

Derek's correct. As a BIN all you are offering is a buyer the opportunity to buy it without going through the auction process prior to anyone else bidding. Once a bid is placed the auction goes live so to speak and the 'buy it now' facility is defunct. At least that's how I've always understood the process.

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I understand that part, what I'm trying to find out is - if the buy it now price is not met, do I still have to sell

Yes.... as has been ansewered by others before.... should have had a reserve in place as well if opting for BIN and straight auction (when a bid is entered instead of the BIN) when listing....

Of course you can "pull it" and have the dreaded "no longer for sale" added to the listing :thumbup: ....

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Thanks for all the advise guys, so in a nutshell a £150.00 45 would be sold at £9.99 if no more bids on it

bugger, yoou lean something new everyday

Shute,

If you dropped a bollock, simply pull it and explain to the bidder you made a mistake. Everyone drops a clanger now and then. Long as your honest about it I'd be happy to withdraw a bid I had on.

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Thanks for all the advise guys, so in a nutshell a £150.00 45 would be sold at £9.99 if no more bids on it

bugger, yoou lean something new everyday

I got caught out with it once a while ago too. Now i only use buy-it-now with the best offer option which works out fairly well.

Just a thought you can cancel the persons bid then withdraw it from sale . You'll have to give a reason for cancelling the persons bid (they give options for that)

Derek

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Shute

Just had a really nasty thought. :no:

What a great way of getting people to bid on your record,.......Go on Soul Source and make out you made a big howler in listing it, then all and sundry go on the auction to try and get a bargain.......15 seconds to go and it goes from £9.99 to £150 plus..

Bloody clever that Shute mate :lol: Your a sodding genius. :D

Dave H. (TMIB) :thumbup:

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I got caught out with it once a while ago too. Now i only use buy-it-now with the best offer option which works out fairly well.

Just a thought you can cancel the persons bid then withdraw it from sale . You'll have to give a reason for cancelling the persons bid (they give options for that)

Derek

Also if your gonna pull it from auction, do so PDQ. I think there is a time limit on closing an auction (12 hours or more?) or is that just modifying an auction ? - may pay to check with only 17 hours to go.

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