What if the price I bid is lesser than the reserve price at the time when the auction is closed, do I still receive the item?
If the reserve price is not met when the auction closes, then the seller is not obligated to dispatch / sell the item. The last bidder is informed under 'My Auctions' that he / she has lost the bid. However, in some instances, the seller may wish to sell the item even if the reserve is not met. In such an event, you will be contacted on email and asked if you would like the item before dispatching the same.