Reserve Price Violations

Question ID : 18
Created on 2007-04-01 at 3:49 PM
Author : WeBidz Staff []

Online URL : http://www.webidz.com/faq/question.php?ID=18

A seller is not permitted to misuse the Reserve price feature. Misuse includes:

• Stating the reserve price of the item when the item has not been listed using the reserve price feature.
• Stating that the high bidder is obligated to purchase the item even if the reserve price has not been met.
• Forgetting to set a reserve, then not honoring the final bid price

Violations of this policy may result in a range of actions, including:

• Listing cancellation
• Limits on account privilege
• Account suspension
• Forfeit of fees on cancelled listings

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