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Schientist · Oct 15th, 2009, 11:49 AM

One reason sellers use reserve prices is that if it sells above reserve price, they pay less in insertion fees. Why? The higher the starting price, the higher the insertion fee. You do pay a fee for setting a reserve, but if the item sells over reserve price that fee is refunded. Thus, you could pay the $.35 or whatever insertion fee and nothing else if it does sell over reserve, rather than $2.00 for a high starting price.

karmenzsofia is right about the final value fees sometimes being higher for BIN. However, for those of you that sell, I recently found out that if you list something as an auction with a BIN, rather than just in "fixed price" format, if it sells on BIN from an auction listing, you pay the auction FVF (lower fee) not the fixed price fee. Hope that helps someone else out too.

All of that said, I almost always avoid reserve auctions. Sometimes I'll ask people what their reserve is, and it is nearly always completely unreasonable. JMHO.

That all said, I almost always

karmenzsofia · Oct 15th, 2009, 02:13 PM

That's the advantage of listing using the auction format and addinig a BIN for $.25. When the item sells, auction-format FVFs apply whether the winner was a bidder or a BINer. This came up a lot last year when MSN Live had the cashback program, which was good only for BIN sales. But then fBay significantly raised FVFs for BINs so people were torn as to how to list their items--buyers wanted the BIN option to get the cashback, and sellers didn't want to get hit by the higher fees.

I think people might be missing on some decent deals by giving up on an item as soon as they notice there's a reserve. The reserve might be lower, same or higher than what you're willing to pay. Why not ask the seller before leaving or moving on? Some will tell you; some won't. But it never hurts to try.

Nico3327 · Oct 15th, 2009, 02:19 PM

Good to know. I'm not required to accept the second chance offer though, am I? I mean once the auction ends I'm thinking my original bid is no longer a binding contract.

Originally Posted by itsonly4me

^^I believe so

EDIT actually I know for a fact because it happened to me once. Seller said reserve was for 2000 I bid 1500. A couple days later I got a second chance offer for 1500.

HandbagAngel · Oct 15th, 2009, 02:23 PM

Originally Posted by Nico3327

Good to know. I'm not required to accept the second chance offer though, am I? I mean once the auction ends I'm thinking my original bid is no longer a binding contract.

No, you have no obligation to accept the second chance offer.

pinkiwi · Oct 16th, 2009, 05:50 PM

so in general ebay lets the seller know what you highest bid is? I think that would be really disappointing to the seller if - say a buyer wins an item for $50 (bc no one else bid) and the seller sees that the buyer's max bid was actually 1,000.

Oct 15th, 2009, 02:13 PM	#17
karmenzsofia Life is Plan Z Joined: Jun 2008 Location: Tarot Card Posts: 14,878	That's the advantage of listing using the auction format and addinig a BIN for $.25. When the item sells, auction-format FVFs apply whether the winner was a bidder or a BINer. This came up a lot last year when MSN Live had the cashback program, which was good only for BIN sales. But then fBay significantly raised FVFs for BINs so people were torn as to how to list their items--buyers wanted the BIN option to get the cashback, and sellers didn't want to get hit by the higher fees. I think people might be missing on some decent deals by giving up on an item as soon as they notice there's a reserve. The reserve might be lower, same or higher than what you're willing to pay. Why not ask the seller before leaving or moving on? Some will tell you; some won't. But it never hurts to try.
	__________________ Satisfied but wishing 4 a WTM Mini and an AP ~~* Is it true? Is it helpful? Is it necessary? Is it kind? Or, more importantly, is it funny?

Oct 16th, 2009, 05:50 PM	#20
pinkiwi OP Member Joined: Sep 2009 Posts: 34	so in general ebay lets the seller know what you highest bid is? I think that would be really disappointing to the seller if - say a buyer wins an item for $50 (bc no one else bid) and the seller sees that the buyer's max bid was actually 1,000.
pinkiwi OP Member Joined: Sep 2009 Posts: 34

Oct 15th, 2009, 11:49 AM	#16
Schientist Schientist Joined: Oct 2009 Location: South Texas Posts: 7	One reason sellers use reserve prices is that if it sells above reserve price, they pay less in insertion fees. Why? The higher the starting price, the higher the insertion fee. You do pay a fee for setting a reserve, but if the item sells over reserve price that fee is refunded. Thus, you could pay the $.35 or whatever insertion fee and nothing else if it does sell over reserve, rather than $2.00 for a high starting price. karmenzsofia is right about the final value fees sometimes being higher for BIN. However, for those of you that sell, I recently found out that if you list something as an auction with a BIN, rather than just in "fixed price" format, if it sells on BIN from an auction listing, you pay the auction FVF (lower fee) not the fixed price fee. Hope that helps someone else out too. All of that said, I almost always avoid reserve auctions. Sometimes I'll ask people what their reserve is, and it is nearly always completely unreasonable. JMHO. That all said, I almost always

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