This will encourage bidders to bid and will simply help initiate action at your auction. The bidding increments are determined by the amount of the current high bid. For more details about bidding increments, click here. Sellers must provide a valid e-mail address with each listing. It's good business to be honest and forthright and will result in a positive experience for all.
Some sellers choose auctions with reserve prices when listing an item.
The reserve price is the lowest price at which the seller is willing to sell an item. This price should be above the minimum bid price, where the bidding is started. The reserve price is never known to the bidders. If this price is not met, the seller is not obligated to sell. If a bid is equal to or greater than the reserve price, the item information will indicate the reserve price has been met and the bidder will be notified.