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The
types of auctions that you will find on eBay are as
follows:
1) Standard - In the Standard Auction
Format, bidders are invited to submit bids for listed
items prior to the set ending time for the Auction.
At the end of the Auction, the highest bid will automatically
be selected as the winning bidder.
2) Reserve Price Auctions - In a Reserve Price
Auction, the seller has the option of setting a Reserve
Price, which is a price below which the listing will
not sell. The Reserve Price is higher than the Opening
Value. A reserve price allows the seller to start the
auction with an opening value below the reserve price
to initiate bidder interest and determine the fair market
value of an item. If the seller has set a Reserve Price
you will see either a "Reserve not met" or
"Reserve met" message on the listing page
depending on whether the current bid is below, or at
or above, this price.
3) Buy It Now - When you see the Buy It Now
icon next to a listing or see a Buy It Now price listed
on an item page, you have a special opportunity to get
that item right away without waiting for an online auction
to end. Just login to your eBay account, find the auction
with the Buy It Now icon and click the Buy It Now button.
Once you do this the auction ends and you become the
winning bidder.
4) Fixed Price - Fixed Price Auction is really
not an auction at all, but rather an item for sale.
The fixed price auction differs in that the first bidder
to place a bid will win the item and the auction closes
immediately. It is possible to sell multiple items for
a fixed price, making it ideal for listing slides and
products that you have in quantity.
5) eBay Store Buy It Now - Fixed Price listings
presented in collections of stores designed to showcase
merchandise from eBay Storefront sellers. Many of these
fixed price items can only be purchased in these stores.
6) Private Auctions - Not used very often.
Used when seller feels that the bidder would like to
remain anonymous. (eg adult material). Bidders ID's
are not disclosed to anyone except the seller.
7) Dutch Auctions - When a seller has multiple,
identical items offered for sale. The seller specifies
the minimum price (the Opening Value) and the number
of items for sale. Bidders can then bid at or above
the minimum price for the quantity of items they wish
to purchase. At the close of the auction, all winning
bidders purchase the items at the same price, which
is the lowest successful bid.
8) Restricted-Access Auctions - You need to
be 18 to have access to a Restricted-Access Auction.
Sellers and buyers must have a credit card
number on file before participating in this type of
auction. Items listed as restricted access auctions
are not accessible through title searches. |
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