While creating an auction, a reserved price input box allows you to set a minimum acceptable bid. If the auction ends without reaching this amount, the product will not be sold and the highest bidder will not be able to proceed with checkout. This ensures your product only sells at or above your desired value.

How it works

Step 1: Go to Auction Creation

Navigate to the auction creation section from your app dashboard.

Step 2: Locate the Reserve Price Input

During the auction setup process, you’ll see a field labeled “Reserve Price” or similar.

Step 3: Enter Your Minimum Acceptable Bid

In the reserve price input box, enter the minimum price you’re willing to accept for the product.
This value should be greater than start price and less than buyout price*(if available)*.

Step 4: Complete and Launch the Auction

Finish configuring the rest of the auction details and publish it.

Step 5: Monitor Bidding Activity

As bids are placed, you can monitor whether the reserve price has been met.

Step 6: Auction Ends – What Happens Next?

• If the highest bid is equal to or greater than the reserve price:
  ✅ The product is sold to the highest bidder.

  

• If the highest bid is below the reserve price:
  ❌ The auction ends without a sale, and the highest bidder cannot proceed to checkout.

  

🎯 This feature ensures that your product never sells for less than your desired value while still encouraging competitive bidding.