eBay Reserve Price Auction
On the eBay auction Web site, a Reserve Price Auction is a type of online auction selling format where a seller sets the opening, or start, bid at the minimum price they are willing to accept for the item. Buyers are not shown the reserve price until that reserve price has been met. To win the buyer must meet or exceed the reserve price set by the seller.
See also eBay Online Auction Format.
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