LISTING TYPES IN FRANKSTRADE.COM

AUCTION LISTING TYPE

An auction means to sell something through a bidding system. Fill the following fields to list an item for auction at Frankstrade.com.

Starting Bid: This is the starting price for your item when bidding opens at Frankstrade.com. We suggest that you set this as low as possible to encourage bidding.

Reserve Price: Although a low starting price encourages users to bid, you can protect yourself from selling an item for too low of a price by creating an auction-style listing and setting a reserve price at Frankstrade.com. Reserve price is the minimum amount you will sell the item for. Frankstrade.com does not reveal the Reserve price amount to the bidders. If left blank, no reserve will be used. Dutch Auctions (Multiple items auction) do not have a reserve price.

Buy It Now: This is the fixed price at which you will sell the item at Frankstrade.com.

Example 1: If you wish to sell an item and $70 is the minimum amount you will sell the item for, then you can set it in the following ways:

With Reserve Price.

Setting a low starting price encourages users to bid. If the bidding doesn't reach the reserve price, you are under no obligation to sell the item at Frankstrade.com.

Without Reserve Price

Setting starting price as the minimum selling price gives bidders at Frankstrade.com an idea on the amount you will sell the item for.

Example 2: If you wish to sell an item and $70 is the minimum amount you will sell the item for, but you are willing to sell it as soon as you get $80, then you can set it in the following ways:

With Reserve Price and Buy Now.

Setting a low starting price encourages users to bid. If the bidding doesn't reach the reserve price, you are under no obligation to sell the item at Frankstrade.com. If a buyer buys it at $80, then your item is sold at once.

Without Reserve Price and Buy Now.

Setting starting price as the minimum selling price gives bidders at Frankstrade.com an idea on the amount you will sell the item for. If a buyer buys it at $80, then your item is sold at once.

FIXED PRICE LISTING TYPE

In a fixed price listing, you list items at a set price, and there's no bidding. Enter the price for your item as the Buy It Now price.

Example: If you wish to sell an item for $70, you can set it in the following way:

PRIVATE SALE LISTING TYPE

Private sale means to sell the item privately to the buyer the seller choose to. Only intended buyer will be able to buy this item.

The Private Sale option requires either the UserID or the Phone number of the buyer the seller choose to.

BuyerID: Enter the Frankstrade ID of the buyer if you know it.

Phone: Enter the Phone number into the text area and search for the Buyer.

Example 1: If you wish to sell an item for $70 to a buyer whose Frankstrade ID is say ‘wright’, you can set it in the following way:

• Select Listing Type as ‘Private Sale’.
• Enter the Buyer ID as ‘wright’. Once you enter the Buyer’s Frankstrade ID, Frankstrade.com verifies the Buyer ID and if the ID entered is verified, it is displayed along with the Buyer’s Name, City State and Zip for your confirmation.
• Enter Buy It Now price as $70

Example 2: If you wish to sell an item for $70 to a particular buyer, but you don’t remember buyer’s Frankstrade ID, but know his phone number, then you can set it in the following way:

• Select Listing Type as ‘Private Sale’.
• Choose the radiobutton ‘Phone’ and enter the Phone number. Click on Search.
• Frankstrade users having this phone number will be listed. Choose the buyer and click on ‘Use This’.

• Buyer ID field is filled.
• Enter Buy It Now price as $70.

In the case of Private Sales, only the seller and the intended buyer will be able to view the selling price.