Posted by jimg.allentown on June 29, 2015 at 06:50:33 from (173.49.143.208):
In Reply to: OT eBay posted by pat sublett on June 28, 2015 at 06:42:50:
If I am not mistaken, the "buy it now" price is the price at which the seller will simply sell it to you outright and discontinue the auction, and once bidding starts, the "buy it now" disappears and it just becomes a bidding auction. It is my understanding that the whole idea behind the "buy it now" is for potential buyers that want to bypass the bidding process and the time it takes to get a result - typically 6 to 10 days. I also understand that once a bid is received, the "buy it now" should disappear, since it now becomes an auction. Those that start bidding on a "buy it now" are hoping to get the item for a lower price. I LIKE the "buy it now" because it means that I can go find the item I want, and not have to wait for the auction to play out - which adds greatly to the waiting time to actually GET the item. Sellers bidding on their own stuff to jack up the price is a practice called SHILLING. It is illegal. If caught and prosecuted it can result in heavy fines and potentially jail time. I'm sure that some of it goes on anyways, but I also would say that eBay does not condone or support that kind of activity. I never did like the "secret" reserve prices. Why bother? Why not just come right out and say "I want this much or I will not sell it" ??? Why play games discovering what the reserve number is?? If the item will not bring that price, why waste my time bidding on it? My opinion would be that is a seller wants to put up a reserve, why not just list it so their potential buyers will know where they stand right from the start?
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