Buyer does not want to pay the winning bid

zappahey

whitey1987 wrote:

In my opinion it is a legally binding contract, there has been the process of offer and acceptance and so once the auction had been ended a contract between the offeror and offeree has come into affect.

What would you consider* to be the consideration that makes the contract binding?

*excuse the pun.

alexpeck

Was the starting bid £90? The first bidder put £240/£245 etc as their maximum and the second bidder put £250?

Lillibet_2

Having paid nearly this for a pair of GM tickets from Ticketmaster last month in the 1 hour buying frenzy before ALL his tour dates sold out, I'd question why they went for so little? Hold onto them for a couple of months & re-list, you're sure to get at least this nearer the time!

HTH;)

aav

jenniferpa wrote:

If Mike's correct, and these are non-transferable tickets, then it couldn't be a legally binding contract. I would also be interested in how they reached this price, if the next highest bid was so much lower.

This is because I had a reswerve of £250. So he kept on bidding until he met my reserve. So that is why the next highest bid is around £100

soolin

aav wrote:

This is because I had a reswerve of £250. So he kept on bidding until he met my reserve. So that is why the next highest bid is around £100

In that case you have no opportunity to do a second chance offer as the second bidder did not reach your reserve and could not therefore have won.

All you can do is as has already been suggested NPB the original buyer and relist nearer the time.

Soo

Moglex

whitey1987 wrote:

In my opinion it is a legally binding contract, there has been the process of offer and acceptance and so once the auction had been ended a contract between the offeror and offeree has come into affect.

I think you are wrong, and there is no contract, because for a contract to come into effect, there must be some consideration on both sides.

When you make a bid on a fleabay auction, unlike a 'real' auction, there is no requirement for the seller to complete the transaction. Thus there is no consideration on the part of the seller, so no contract can have come into force.

aav

Can someone please tell me what a final value fee and how do I get it?

soolin

aav wrote:

Can someone please tell me what a final value fee and how do I get it?

The final value fee is what you pay ebay on the completion of a successful sale, it is taken automatically.

If someone does not pay for their item and you go through the NPB system that final value fee (FVF) is returned to your account as a credit on your bill.

Soo

aav

So does it automatically go to my account or do oI have to do something?

soolin

aav wrote:

So does it automatically go to my account or do oI have to do something?

As has been stated several times in this thread you need to go through and complete the full NPB process in order to get your FVFs back. You can start the process on day 7 and then close the dispute a week later if the buyer does not respond. At that point the FVFs will be credited back to you. If you don't complete the NPB then you will not get your FVFs back.

Soo