SizeXchange - What is a 'Reserve Price' -

Nov

Question Type:	General Enquiries
Question:	What is a 'Reserve Price'
Answer:	If you specify a reserve price for an auction item, you are not obligated to sell the item for less. If the highest bidder does not meet the reserve, do not have to complete the sale. You can specify the reserve price when you list an item. This amount has to be equal or lesser than the start price. Your xchange will start at the start price you have chosen and will never go lesser than your 'Reserve' price. Sizexchange.com will never disclose your reserve price. If the item is 'Grabbed' before the reserve is met you are obligated to sell the item to the highest bidder at the end of the auction.

Status:	Answered