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Ebanned - Glossary of Terms

Reserve Bid
When a seller sets a Reserve Bid amount they are stating that this value, which is not disclosed to the bidders, except to announce whether the Reserve Bid has been met, is the lowest bid that they will accept as a successful auction. As a Seller this allows you to set a minimum amount that you will sell your item for. You should be aware that setting your Reserve Bid too high would result in you item not selling.

Effective February 15, 2006 there will be a $0.30 charge for a reserve auction. If your item meets it's reserve, the small fee will be refunded to you.



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