So, it will actually save you a little money to begin with a smaller minimum bid. If you have multiple identical items to sell, then you would hold a Dutch auction. To begin with, you would state the minimum bid and the number of items available to be sold. The minimum bid will be the minimum purchase price, because there are no reserve bids allowed in Dutch auctions. When the auction is over the highest bidders will purchase the items at the lowest successful bid.
Personal checks are the easiest form of payment for most buyers.
If you decide to accept checks, be certain to include whether there is a holding time until the check has cleared. This could mean as many as ten business days. Most buyers want their new possession as soon as possible, so this method usually does not help expedite the process. Money orders, cashier's checks, and certified checks will carry a fee for the buyer. Their benefit is that once you receive payment it is the same as cash, and then you can immediately send the item to the buyer.