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 = $899 or less, you can either accept, counter or decline the offer
- If a Buyer's offer = $900 or greater, the offer is automatically accepted and the sale is complete