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How the reserve price works

Reserve Price:

The reserve price is the minimum amount that merchants are willing to accept for a product. If a merchant sets a reserve price and the bidding price does not meet or exceed that amount, the merchant will not be able to declare a winner for the auction or sale.

Step:1

To activate the reserve price for an auction, follow these steps on the App’s dashboard:

  1. Go to the Auctions section.
  2. Choose the option to create a new auction or edit an existing one.
  3. Scroll down to find the reserve price option.
  4. Enable the checkbox next to the reserve price to activate it.

Step:2


To set the reserve price amount for your auction, follow these enhanced instructions:

  1. In the designated section indicated, enter the desired amount for the reserve price.
  2. You can specify a fixed price or a percentage-based price, depending on your preference.

Step-3:


By enabling the checkbox Show reserve price on the storefront (Arrow 4), the reserve price will be visible within the auction widget.

It will show like this, on the auction widget.

If you have any questions or need further assistance regarding our app, please don’t hesitate to reach out. Our dedicated Customer Support Team is available round-the-clock, 24×7, to provide you with the help you need. We’re committed to ensuring your satisfaction and ensuring a seamless experience with our app. Feel free to contact us at any time, and thank you for choosing our app!

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