09-12-2017 10:28 AM
Hi yes it is true. 4% of the reserve price set. A warning comes up just before you click submit.
This may help you...
A reserve price is the lowest price you’re willing to sell an item for. Bidders can’t see the reserve price, but they’ll see that a listing has a reserve and if it’s been met. The reserve price option is only available in an auction-style listing format. If bidding doesn’t reach the reserve price, you’re not obligated to sell the item.
There’s a fee for using a reserve price, which is charged even if the item doesn’t sell.
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