Minimum selling price

ℹ️ What is Minimum selling price (Reserve price)?

A Minimum selling price - reserve price is the minimum price you are willing to accept for an auction item. If bidding does not reach this price, the item will not be sold, even if there are bids.

If the highest bid is below the reserve price, the auction has no winner.

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🛠️ Set up Minimum selling price

1. Open the app > click Auctions > create a new auction or open an existing auction

2. In Additional options section, turn on Minimum selling price

1. Enter the price amount. Example: 500$ ⇒ The item will only sell if the final bid reaches this price.

2. Tick on checkbox Show minimum price to bidders (optional)

3. Click Save to update the changes

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✅ How the Minimum selling price Works

• You set a Minimum selling price when creating the auction

• The auction runs and customers place bids

• When the auction ends:

  • If the highest bid meets or exceeds the Minimum selling price → winner is selected

  • If the highest bid is below Minimum selling price → no winner

Example

Auction settings

• Starting price: $50

• Minimum selling price: $200

Scenario 1: Minimum selling price met

• Highest bid: $220

✅ Result:

• Auction has a winner

• Winner completes checkout at $220

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Scenario 2: Minimum selling price not met

• Highest bid: $150

❌ Result:

• No winner is selected

• No order is created

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🙋 Still need support?

If you still need help, please feel free to contact us at [e-mail]. We’ll be happy to assist you further.