Does anyone know why a bid automatically stops offers & declines existing offers?

I know it's the rules but why? It artificially keeps the price low & seems counterproductive, it's also pretty annoying. 

Why allow offers in the first place...

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Answers (3)

Answers (3)

Making an offer is like having an Auction with BIN. In both cases the potential buyer can either make an offer or buy using the BIN.

 

In both cases these are options, as soon as there are bids all offers lapse or in the case of Auction with BIN the BIN disappears. 

 

You do not seem to understand that with an offer it doesn't have to be a silly offer like 99p it can be any amount, below, equal to or above. If buyer wants an item and does not want to wait they offer a good price that the seller cannot refuse.

 

With Auction or BIN if buyer wants the item  they can buy at the full price, or go for a bid when they might not win.

 

Best Offer is one of the few good ideas ebay have had.

plpmr
Experienced Mentor

You have a new account and I hope you enjoy your buying/selling.

 

However it is usually best not to make assumption, for example -

 

Because a member does not agree with you = “I take it you work for ebay?”. No, we are members just like you but with a wealth of experience and try to help others.

 

A very flawed assumption = “if you start your auction price at 5 & someone offers 15 but before you can accept someone bids the minimum ie 5 then that automatically keeps the price low”

 

To say that you must know the auction will end below 15 and many offers are made hoping to get the item cheaper because of the lack of competition.

because it would defeat the object of having the item listed as an auction!

 

 

 

when you list in auction format people can make an offer until bids are made, once a bid is placed the listing reverts to being an auction only.

 

it doesn't keep the price artificially low

 

as you should always set your start price at the minimum you are willing to sell for and people will bid up to what they think it is worth

 

 

or use the fixed price format and set the price you want to sell for