Buy It Now Auction Format

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Bidding Formats ℹ️
Auction Categories Available
Niche Auction Categories

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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.

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Technical Implementation

In Selling Lane's auction software, the Buy It Now feature includes:

Clear Buy It Now button display
Automatic inventory management
Instant payment processing
Immediate buyer and seller notifications
Transaction record keeping

Support and Assistance

For additional help with Buy It Now features:

Contact customer support
Review our detailed FAQ section
Watch tutorial videos in our learning center