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#65985 - 02/20/03 05:31 AM Opinions on the eBay's new "reserve auction" policy
MW1
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Registered: 07/30/02
Posts: 1358

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As many of you may know by now, beginning on March 4, eBay will be implementing a new fee schedule for reserve auctions. The fees for reserves less than $100 are fairly minimal (as before), but for all reserves equal to or greater than $100, the assessed amount is 1%. That means for an auction with a $1000 reserve, the fee is $10 and for a $10,000 reserve, the fee would be $100. Obviously, if the reserve is met, this fee is refunded.

What are the opinions on this new policy? With this make eBay more bidding competitive or is it simply a ploy to bring in more money? (i.e., indirect compensation for the lowered "bold" listing fees). Also, consider the possibility that many higher ticket auctions may now resemble a fixed price format instead. Will this policy benefit eBay bidders or will it effectively deter off-line sales from auctions that come up just short of a set reserve?
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#65986 - 02/20/03 05:00 PM Re: Opinions on the eBay's new "reserve auction" policy [Re: MW1]
murph0
TOTAL NEWBIE


Registered: 06/20/02
Posts: 10000
Loc: IOWA

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It's a ploy to make money for eBay IMO. But I think it's also a good idea b/c people are just tossing stuff up there with huge reserves to see what it'll go for..which IMO isn't really an auction at all. Anyways, I'd love to see less reserves..if you don't want to sell something, don't put it up for auction!

Brian
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Looking for TtA 57 in 9.0 or better, ASM 28 9.2, STT 101 8.0, and Cap America 119 9.6

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#65987 - 02/21/03 02:16 AM Re: Opinions on the eBay's new "reserve auction" policy [Re: MW1]
aconte
Bid more or post more... tough one...


Registered: 02/22/02
Posts: 1872
Loc: On The Beach....where else!

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My first thought would be that this is better for the customer. So I'll vote that
way.

aconte
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