The reserve price is the minimum you are willing to accept for each listing. The reserve price is not displayed to buyers, but when a potential buyer makes an offer, the reserve price determines whether or not the offer will be automatically accepted. Any offers equal to or greater than your reserve price will be automatically accepted. Offers below your reserve price will require your approval.
Here's an example:
- Your listing's "Asking Price" = $1000
- Your listing's "Reserve Price" = $900
- If a Buyer's offer = $900 or greater, the offer is automatically accepted and the sale is complete
- If a Buyer's offer = $899 or less, you can either accept, counter or decline the offer
The offer will also be automatically accepted if the subtotal amount for an offer on multiple quantity of an item for sale is higher than the combined subtotal of the reserve price.
Any outstanding offer for a quantity higher than is available will be declined.