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Placing a bidů

What is Reserve price?

  • It is the price below which the seller will not sell the item.
  • It is the minimum price that the seller is willing to accept for his item.
  • In order for you to win a Reserve Price auction successfully, your winning bid must meet or be higher than the reserve price.
  • If an item holds a reserve price, it is notified to the buyer at the time of placing a bid. Buyer will be informed if the bidding amount is lesser than the reserve price.

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