information Reserve in Namejet

[HereDomainthere]

Hello NP ers,

Actually I am new on Namejet and confused...

I have few domains and interested to put them on auction on NameJet. I have uploaded my names and support from Namejet contacted me asking for the reserve price...

So what actually it is and whats the best to give as Reserve Met Price...

Regards

 

[aramyus]

If the selling price at the end of the auction is below your reserve price, the auction is simply cancelled and you keep your good (your domain in this case).

As a buyer, I hate reserve prices, or should I say, I hate the fact that the reserve prices are never (or rarely) public and known during the auction.

As a seller, a reserve price allows you to 'test' the market without being obliged to sell your good at a ridiculously low price.