Do sellers on GunBroker bid on their own items? An auction cannot be ended early once there are bids on the item. It is important to stay in communication with bidders/buyers and promptly respond to all inquiries. A seller may not bid on his or her own auction . Reserve Price auctions are often unpopular with bidders.
Can a seller retract a bid on GunBroker?
You cannot retract a bid once you place it unless there are exceptional circumstances . Exceptional circumstances include: The seller materially changing the description of the item after you placed a bid.
How do you spot a shill bidder?
How does shill bidding work?
Shill bidding is when a seller uses a separate account, be it one of their own, a friend or a family members or they ask someone to bid on their auction to artificially raise the price of the auction . In this case the bids were placed and then retracted once they had reached my maximum bid level.
What is the GunBroker 15 minute rule?
15 Minute Rule. If someone places a bid on an item within 15 minutes of the scheduled closing time, the auction is automatically extended until there have been no bids placed for 15 minutes . All GunBroker.com auctions use the 15 Minute Rule.
What happens if you win a bid on GunBroker and don’t pay?
GunBroker.com has a process to assist with Non-Paying Bidders (NPBs) which allows sellers to submit a NPB Credit Request and receive credit for the listing .
Can you get scammed on GunBroker?
The vast majority of new sellers are legitimate, but occasionally a new seller will attempt to fraudulently sell an item on our site . If you suspect fraud, you should submit a Support Issue in the Help Center.
Can I lower my max bid on GunBroker?
You cannot lower your bid once it has been entered . Entering a lower Maximum Bid does not change or remove your prior Maximum Bid. How to Raise Your Bid: You can raise your bid by entering a new bid for a higher amount.
What is the compliance fee on GunBroker?
The U.S. states have been very active in passing new laws applicable to GunBroker.com, including in the areas of taxation, privacy and firearms. These laws have increased the compliance costs of GunBroker.com substantially. The compliance fee is currently 1% of the purchase price of the item .
What happens if I bid on my own item?
Bidding on your own auctions or buying and selling to yourself or your own family or company in any way is strictly forbidden on eBay and if you attempt to do this, you will get caught .
What is sham bidding?
the practice of bidding for something that you are selling in an auction in order to increase the selling price .
Can a seller see your maximum bid?
The contending bidder who set the $500 max bid will be winning the lot until a bid of a higher amount is placed. Once a max bid is set the computer does the bidding. Setting a max bid is completely confidential and private as only the bidder –not the seller – knows how much the max bid is .
How do I stop shill bidding?
One of the best solutions to avoid shill bidding completely is to simply watch the desired item . Bidding on an item just a few minutes before its closing time is the best way to avoid competing with shill bidders; this takes away their time of opportunity to increase value.
Is Ghost bidding illegal?
Shill bidding—legal or illegal— may be occurring . Shill bidding is a practice whereby the seller or seller’s agent bids up lots, possibly so that they reach an unnamed reserve, or just to encourage ever-higher bids. Shill bidding is not allowed on eBay.
Is shill bidding a crime?
Yes, shill bidding is an officially illegal practice . You are going to be sued in accordance with antitrust law under the Donnelly Act, which prohibits bid rigging and price fixing.
How does AutoBid work on GunBroker?
AutoBid works like this:
The AutoBid feature bids on your behalf until your maximum amount has been reached . This feature will only bid the least amount required to name you the current high bidder. Autobid will not exceed the maximum amount entered and will only bid what is needed to become the current high bidder.
What does factory new mean on GunBroker?
Factory New (1)
Not previously sold at retail . In the exact same condition as current factory production year .
What does no reserve mean on GunBroker?
How long does it take to get paid from GunBroker?
GunBroker.com recommends the seller and buyer make contact within 4 days, buyer makes payment within 10 days from the time the listing ended , and the seller ships the item within 14 days from the time payment is received.
Does GunBroker charge if item doesn’t sell?
Fees for optional services are charged when the item is listed, and are due regardless of whether or not the item sells . Optional services include: Showcase Listings, Featured Listings, Sponsored Listing, Highlight, Boldface Title, Colored Title, View Counter, Scheduled Listing, and Subtitle.
What does immediate checkout mean on GunBroker?
Immediate Checkout allows buyers to enter shipping, FFL and payment information as soon as they buy an item . Sales tax is calculated based on all the entered information and added to the order if applicable. This is the quickest and most efficient way to complete the sale for both buyers and sellers.
How does a seller get paid on GunBroker?
How reliable is GunBroker?
The Better Business Bureau gives GunBroker a B rating and the customer ratings on their website are 1.5 stars out of 5 .
Does GunBroker protect buyers?
You May be Eligible for Buyer’s Protection: If you paid for an item and did not receive it, or the item was materially different than the description, subject to the Program Limitations below, you may be eligible to submit a Buyer’s Protection claim through GunBroker.com.
Can you have 2 GunBroker accounts?
We do not allow duplicate accounts . If GunBroker.com marks your account as a duplicate, it generally means you have a prior account with us, or your account has been associated with a prior account.
What determines the amount of a bid increment?
Bid Increment means the minimum difference between the subsequent bid and the immediately preceding bid in the case of an auction by the ascending price method. The bid increment is decided by the person having the auctioned asset and as informed to the asset auction organization in writing for each auction .
Does GunBroker collect sales tax?
GunBroker.com complies with the new laws and collects and remits sales tax on all sales by all sellers who sell items into certain states .
Does GunBroker take a percentage?
What is Gunbrokers cut?
What is final value fee on eBay?
An eBay final value fee is the charge that occurs when you sell something on eBay . It’s applied right at the end of the transaction, or “post-sale”. eBay final value fees are based on a percentage of the price an item sells for and the shipping and handling option your buyer chooses.
What is a ghost bid?
Can sellers cancel bids?
Sellers can cancel bids for a few reasons, including but not limited to the following: The buyer requests you cancel the bid . The item is no longer fit or available for sale .
Can I run my own auction?
Yes, people in the United States can sell (by auction or otherwise) their own property themselves . In other words, without the use of an auctioneer, real estate licensee, appraiser, surveyor, attorney ... an owner can “do it himself.”
How does AutoBid work on Gunbroker?
AutoBid works like this:
The AutoBid feature bids on your behalf until your maximum amount has been reached . This feature will only bid the least amount required to name you the current high bidder. Autobid will not exceed the maximum amount entered and will only bid what is needed to become the current high bidder.
Can you change your max bid on Gunbroker?
You cannot lower your bid once it has been entered. Entering a lower Maximum Bid does not change or remove your prior Maximum Bid . How to Raise Your Bid: You can raise your bid by entering a new bid for a higher amount.
