Think I`ve Just Made A Big Mistake !

cleo123

NOW PLEASE DON`T ALL SHOUT AT ME ,
I SHOULD KNOW BETTER BY NOW ( OVER 100 EBAY SALES )
BUT ,
I`VE JUST LISTED AN ITEM FOR SALE STARTING BID £9.99 ,
WITH A BUY IT NOW OF £345 .
NOW , IT HAS JUST OCCURED TO ME THAT ,
IF MY ITEM ONLY REACHES £30 `ISH LETS SAY ,
DO I HAVE TO SELL FOR THAT PRICE ?

I PRESUMED MY ITEM WAS SAFE BECAUSE OF THE BUY IT NOW PRICE AND THAT IT WOULD BE UP TP ME IF I ACCEPTED THE HIGHEST BID .

I`M NOW WORRIED INCASE I`VE GOT IT WRONG , NEVER USED A BUY IT NOW BEFORE .

WOULD APPRECIATE SOME ADVISE !!!:eek:

pennylane99

unless you have a reserve price on it, as soon as someone bids £9.99 the Buy It Now option dissapears anyway...

weaver

I never run a BIN with an auction, as soon as someone bids on the auction the BIN disappears.

so if you get a bid you will have to sell as per a normal auction to the highest bidder.

I dont know if you can, but ammend the listing and add a reserve price. Or start the auction price higher - Im not sure which is the cheaper option.

pinkgem

you are supposed to sell for whatever the auction reaches

you need to decide what is the least you will accept and either start the auction at that amount or put a reserve price

cleo123

thanks guys ,
will go into my ebay and see if it will let me ammend the listing,
will let you know

cleo123

Thanks Every One ,
Have Managed To Put A Reserve On It .
Good Old Fleabay Charged Me £6.60 For The Pleasure !!!
£1.65 Insertion Fee And £4.95 To Set A Reserve !!!
At Least It`s Protected Now .

shellsuit

weaver wrote: »

I never run a BIN with an auction, as soon as someone bids on the auction the BIN disappears.

so if you get a bid you will have to sell as per a normal auction to the highest bidder.

I dont know if you can, but ammend the listing and add a reserve price. Or start the auction price higher - Im not sure which is the cheaper option.

That is only if you don't have a reserve on the item too.

If you start bidding at 99p and have a BIN of £100 plus a reserve of £75, then the BIN won't dissapear until someone bidding hits the £75.

apprentice_tycoon

The reserve price won't be refunded now if it sells, it's a new 'feature'!

cleo123

Thanks for the info Apprentice Tycoon ,
will just have to put it down to experience i suppose :eek: :eek: :eek:

Stuart_P

could always just end the listing and start again....

fuzzgun19

Stuart_P wrote: »

could always just end the listing and start again....

But then you will lose your listing fees, and then be charged them again if you re-list..