If the bidding does not reach your reserve, then you do not have to sell the item. The reserve amount is kept secret from everyone until the bidding reaches the reserve. After the auction ends, both Seller and Buyer are notified of the final winning bid amount. Seller and Buyer must then arrange for payment and shipping. AN ITEM - Simply search the listings, and if you find something you like, you may bid on it.
Bidding is legally binding.
Do not bid if you are not serious about completing the transaction. The software will then compute the actual bidding. Don't be afraid to bid higher than the current price. The software will bid on your behalf and keep your effective bid as low as possible. Bidding continues until the completion date and time listed in the item.