The "Buy It Now" or : Quick Purchase Option feature allows buyers to purchase items immediately at a fixed price, bypassing the traditional auction bidding process.
How Buy It Now Works
- Sellers set a fixed "Buy It Now" price when listing their item
- Buyers can choose to purchase immediately at this price
- Once purchased, the item is immediately removed from auction
- Transaction is completed at the set price, regardless of any existing bids
Benefits for Sellers
- Guaranteed sale price
- Faster sales potential
- Attracts buyers who prefer immediate purchase
- Reduces uncertainty about final sale price
Benefits for Buyers
- Immediate purchase satisfaction
- No waiting for auction end
- Avoid bidding wars
- Guaranteed purchase price
Important Considerations
- Setting the Right Price
- When Buy It Now Disappears
<aside>
Best Practice Tip: Research similar items' final sale prices before setting your Buy It Now price to ensure it's competitive while still profitable.
</aside>