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method of ending an auction early.
Bidera allows sellers to stop the auction at any time. If a prospective buyer has a bid on the auction, which equals or is greater than minimum bid AND reserve price, the auction Seller will be charged regular fees, which would apply, if the auction were to end normally. Note, if the auction in question does not have any bids which reach reserve price, the auction will be canceled. An example of Sell Now. Seller A has a painting for sale for a starting price of $5 and reserve of $20 and is scheduled to run 7 days. Bidder B bids $5, Bidder C bids $15, Bidder D bids $40 the 2nd day of the auction. At this moment, Seller A does not want to wait any longer and decided to send the auction. The auction will be treated as Sell Now auction. Bidder D will be the winner of this auction. Seller A will be charged same fees, if A had waited till the auction had expired normally after 7 days. |
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