Egay: Meeting reserved, means I get, right? No?

[SuperGroove]

I just met the reserve price of this guy for some RAM egay, and he has not replied to any of my e-mails asking him to end the auction. What does Reserved mean then?!

Paul

 

[atom]

It doesn't necessarily mean you win it. When he put up the auction, he had a minimum price he wanted to sell it for, you just met that requirement. People can still bid on it until the auction ends.

 

[SuperGroove]

ah fudge...how much should I pay for 128MB PC-133 RAM?

 

[Yo Ma Ma]

You can do a search on completed auctions & get a good idea what it's going for there.

 

[beat mania]

reserve price is just a very stupid idea

 

[andrey]

why is it a stupid idea? Nobody wants to sell 128Mb of RAM for $10 buks

 

[HellRaven]

It isn't stupid it is just an extra protection measure for the seller that attracts more sellers to eGay. I believe you have to pay a little extra in service costs to eGay for it though. It means that the seller can set a certain price (we will say $120 for example) so that if it doesn't reach that price the seller has the option to not accept the auction results. That way the seller could, for example, be sure he at least got $15 more than he payed for it.

That is just one part of why I personally do not usually even visit eGay anymore. By the time most auctions end the price almost always ends up being what you could buy it at most online stores. The Hot Deals forum has been my primary means of saving money.