What Does No Reserve Mean on Ebay?
The on-line auction site eBay offers several options for payment and bidding methods in an auction-style listing. A reserve price allows the seller to set a minimum price that buyers must meet before the item can sell.
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Significance
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An eBay auction listing with a note specifying “No Reserve” means that the seller has no minimum price for which they would like to sell the item. This means that when the listing ends, the item goes to the highest bidder regardless of the end price.
Function
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Sellers create listings with no reserve on the price to encourage buyers to bid on the item. Buyers sometimes avoid listings with a reserve price since they do not know the minimum price for the item and might not want the item for the seller’s price.
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Benefits
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Sellers use listings denoted “No Reserve” to promote popular or high-end items and to set their listings apart from others. A “No Reserve” listing can help buyers to narrow down the possible choices when shopping on eBay since the item has no hidden reserve price.
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References
- Photo Credit Comstock Images/Comstock/Getty Images
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Comments
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There is no such thing as "No Reserve" as long as there is a price which one is willing not to accept. That being said any item on Ebay or any other auction site should start at Zero if it's actually a "no Reserve" Listing. Otherwise start it at what you are willing to accept , it serves the same purpose. Myself , if I see a 'No reserve " listing and then open it , only to find the bidding starts at a certain amount other than $ 1.00 I won't even look at it.
