The reserve price has not been met yet. My Snipe price is higher than the reserve price. How can I be certain that my Snipe bid will be at or above the reserve price?
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You can't be certain. What you can do is go to Search and look at the seller's record. That might give you some idea of what kind of reserve he usually uses. Most sellers make their reserve a given percentage of the true price. Good luck!
The only way to be doubly certain is to actually wait until the Reserve Is Met. If you wait and watch the action ahead of time and it's still NOT MET, there is no guarantee your Snipe will be at or above the Reserve. If your Snipe is at or above, you are an awfully good guesser as to the minimum the Seller will take for the widgit. Maybe you've been watching other widgits just like this one regularly sell on eBay and they had Reserve Prices too. If so you can guesstimate, but still that's all you are doing -- guessing what the Seller has built in to the item as a minimum they'll accept to part with their widgit. Sometimes this is the price they paid to aquire the widgit they're now selling on eBay. Sometimes it's the value they're willing to take to part with their widgit.
Maybe someone else has a more logical explanation, but that's mine for the moment. Good luck with your Snipe!
Maybe someone else has a more logical explanation, but that's mine for the moment. Good luck with your Snipe!
The snipe if higher than the reserve when placed, will be jacked to the reserve price by ebay.
Thank you all for your timely replies! I am confident that it will work out properly.