Welcome Guest | Login | Register
Hiretree's Information Center A letter from our founder
Search Help
Back to Information Center
What Is A Reserve Price?

If a seller specifies a reserve price for a particular auction, he/she is not obligated to sell the item for less. If the high bidder's price does not meet the reserve, he/she does not have to complete the sale.

The seller specifies the reserve price when he or she lists an item, which is an amount over the minimum bid. Then when the auction begins, it will start at the minimum bid amount that the seller also chooses. During a Reserve Price Auction, a notice will be displayed on the listing page next to the item's current price.

HubSwirl's will never disclose a seller's reserve price to bidders. When a bidder's maximum bid is equal to or greater than the reserve price, the item's current price is raised to the reserve price. At this time, the item information will indicate that the reserve price has been met. The bidder is also notified that his or her bid met the reserve.

Back to Information Center
Still have questions? Contact Us Hiretree's Home | Print | Add to favorites

E3hub- Social Network Hubolu- Social Marketplace Hiretree- Professional Services Network Hubswirl- Location Microblog OEM Network- OEM Manufacturers Hubspin- Indie Music SwirlToken
Home |   Announcements   | Help | Contact Us | Advertise | SwirlToken | Language
Use of this Web site constitutes acceptance of the Hiretree User Agreement and Privacy Statement. Designated trademarks, logos and brands are the property of their respective owners.
Copyright ©2023 HubSwirl Inc. All rights reserved.