Listing Types

Listing Types

Tazbar has a number of different Listing types. Here is a brief explanation of how each one works.

• Standard Auction.

  A Standard Auction is free for a basic listing with one picture. Only final price fees apply if a sale is successful. These auctions run over a time period set by the seller. The clock counts down and the member who has placed the highest bid when the time runs out wins the item.Members can bid easily and quickly. Sellers pay a small commission to Tazbar once the auction is successful.

• Reserve Price Auction:

  A reserve price is a standard auction with a 'Reserve Price' i.e the lowest price at which the item will sell.This is a chargeable facility to protect sellers from selling too cheaply. When used it shows up on the auction as “reserve price not met” . The reserve price itself is not visible on the auction screen. When an auction ends below a reserve price it is deemed to be null and void and the sale is not binding.

• Instant Purchase Auction.

  An Instant Purchase auction can also be called a 'Buy Now' or fixed price listing. With Instant Purchase Auctions items are listed for sale over a time period set by the seller. A fixed price is set on the auction and a buyer can instantly agree to pay the fixed price. This ends the auction and speeds up the buying/selling process.

• Multiple Item Auction

  A Multiple Item Auction is the same as the Instant Purchase Auction except that the member has specified that they have more than one identical item for sale. Buyers can then buy as many as they wish at the fixed price for each one. The auction ends when either the time period runs out or all of the items are sold.

• Combination Auction.

  The Combination Auction is both the Standard Auction and the Instant Purchase Auction combined. This means that there is a low start price but also an instant purchase option at a higher price should the buyer wish to buy the item early.

• Wanted Listing.

  This allows a member to place a free advert for an item required, the process is simple and quick. Sellers can then place free offers against that auction. If the seller is successful they pay a small commission.The offers made are exclusive to the buyer who placed the wanted advert and any number of offers may be made. All members can see these offers as they will show up in wanted offers search. The exclusivity time ends when either the offer period reaches an end or the buyer chooses to buy the item offered.

  If the offered item is not purchased by the user who placed the original wanted advert the unsold item moves automatically to the Instant Purchase Auction section. During the exclusivity period other members can choose to watch the item in their control panel and by adding it to their "items I'm watching" list they will receive an email if the item becomes available.In order to help buyers who may not be at their computer when those emails are sent, there is a Sealed Bid option which is explained below.

• Sealed Bids (secret item bid)

  When you add an item to “Item's I'm watching” Tazbar will ask you if you wish to place a “sealed bid”. You don't have to do this but if you are serious about buying the item it is advised. Your sealed bid is secretly saved and only you know it has been placed. Should the item become available at the end of the wanted auction it would normally move over to the Instant Purchase Auction section. But if sealed bids are placed on the item, the highest bid automatically wins.