Overview

The reserve price is the minimum price you will accept for each listing. 

• Items with a reserve price sell 3.5 times faster than those without.
• Sellers using reserve prices sell 25% more than those that don’t.

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 are automatically accepted. Offers below your reserve price, 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 quantities 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.

The Importance of Reserve Pricing:

Reserve Pricing is the easiest way to boost sales on Chairish. Sellers with Reserve Pricing on their listings:

• Sell 25% more and 2.5 times faster than those without.
• Your items are eligible for our Private Offer email which has the highest open rate and most $$ per send. 

Adding Reserve Pricing:

You can add reserve pricing in two ways:  

• When creating a new listing, enter the Reserve Price in the Price section of the Listing Form.  
• To update one or more active listings, from “My Listings”, click on “Set Reserve Price” under your Active Listings.

Adjusting Reserve Pricing: 

If you have already set Reserve Pricing and would like to reduce your Reserve Price, you can use the "Set Reserve Price" button and apply a new discount %, or edit the listing directly in the product’s listing form. 

To remove a Reserve Price, you can only do this in the product’s listing form, by setting the value to 0% or removing it. You cannot remove the Reserve Price through the “Set Reserve Price” button.

Please note: when you mark down the Asking Price on a listing, the Reserve Price will not change

. For example:

• • Pre-Markdown:
    • List Price: $100
    • Reserve Price: $70 (30% discount)
  • Post-Markdown:
    • New List Price: $80 (20% markdown)
    • Reserve Price: $70 (30% discount)