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What Is the Reserve Price?
Posted by , Last modified by bidorbuy Admin on 22 August 2011 11:36 AM

When listing their items on Auction, Sellers can optionally set a reserve price, which is the minimum price that they are willing to accept for the item. The starting bid amount cannot be less than 80% of the reserve price. The reserve price is set before the Auction starts and is never disclosed. In order to win an Auction with a reserve price, your bid has to be equal to or higher than the reserve price.