Abstract:
Systems and methods to adjust a reserve price in a network-based commerce system are described. The system receives a proxy bid and an opt-in confirming the proxy bid is binding as an opt-in bid regardless of an adjustment to the reserve price by a seller. The system further receives an adjustment to the reserve price to generate an adjusted reserve price based on the received adjustment. Next, the system identifies whether the adjusted reserve price is less than the proxy bid. Next, the system identifies the proxy bid as an opt-in bid as a high proxy bid and the adjusted reserve price as lower than the high proxy bid. Finally, the system automatically designates the bidder associated with the high proxy bid as the current highest bidder of the item that is being auctioned and increases the proxy bid to the adjusted reserve price.
Abstract:
A method and system that introduces a fixed-price transaction mechanism in conjunction with an auction transaction mechanism. The system facilitates a network-based auction price-setting process for a listing using a fixed price-setting process. The listing includes a reserve price that is adjusted by receiving, via an interface, an adjustment to the reserve price to generate an adjusted reserve price. The system further identifies whether the adjusted reserve price is less than a proxy bid that has been received from a bidder for the listing.
Abstract:
An auction price-setting method to present an auction price-setting process and a fixed price process to provide a fixed price offer for an item and to publish the fixed price offer on a listing based on a criteria.