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What type of
Auction is this? This is a casual auction. The
submitters are trying to see if the items they are selling have
value. Often, they are in a situation in which they must
liquidate and are trying to get the best offers for their items.
Are
bidders obligated to buy when submitting a bid? Yes.
However, we would hope that you would only bid on things that you
want and that you have the funds to pay. If you do not really
want it, do not bid. If you do not have the money do not bid.
Remember, the seller will get a chance to rank, the highest bidder.
Refusing to complete deals will get you ranked lower.
Are
sellers bound to sell when posting an auction? Yes, if high bid
is above the holdout amount. Many of
our sellers are trying to liquidate and cannot sell under certain
amounts (hold out number). In these cases, the seller does not have
to sell the item. Some find that the bids are just to low.
They too can refuse to sell. However, sellers too will be
ranked. Refusing to sell can impair your rankings.
We now have
added the hold out feature. If you use the holdout feature,
you are obligated to sell to the highest bidder which exceeds this
hidden amount.
How much
does it cost to post an item? It cost only .80 to post an
item to eNeeda. The posting allows for 1 picture maximum size
300 pixels x 225 pixels. There is
no extra charge for selling the
item, holdouts (reserves), etc. Each seller handles the transaction
via PayPal or however they choose to with the buyer. We
believe that sellers and buyers should use PayPal to protect each
other from Fraud. eNeeda does not participate in the actual
selling transaction. eNeeda is a listing service.
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