Posted by Dan Shockley on Sunday, October 31, 2004 at 11:08PM :
In Reply to: EBay question.... posted by Jonas on Sunday, October 31, 2004 at 10:56PM :
Ebay allows you to add a Buy it Now after the auction starts. That is always the best way to end an auction early. Ebay also allows the seller to end an auction early, and this needs to be done if a deal is made offline.
If you make a deal and the seller doesn't cancel the auction, if you have already sent payment, you might want to stop payment on the check. Here's the story, the ebay auction holds more legal weight than the string of emails sent back and forth to negotiate the early close of the auction. (albeit very little) My personal feeling is if you have the high bid when the auction closes, you are responsible to pay that, just as the seller is responsible to sell for that so long as the reserve is met. And for all those that like to see how close to the reserve you can get, remember that the seller can always lower the reserve and stick you with it.
I think that ebay has done a pretty good job of setting up the auctions to allow enough flexibility to make changes for all those things that can happen in 5-10 days.
Now, lets get on to something else!
Dan
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