When using the Purchase Option of Make Offer, you can use certain parameters to auto-reject inappropriate offers, or indicate expected price without rejecting lower offers. Here is a list of how Make Offer will behave with given parameters in place:
- Purchase Price - in the diagram you will see a purchase price of £100. Any offers made below £100 will be automatically rejected. The bidder will lose one of their offers.
- Opening Bid - in the diagram below you will see an opening bid of £100. Any offers made below £100 will not be accepted by the system. The bidder will see a warning to this effect, but will not lose one of their offers.
Note that the same behaviour applies when bids are in play i.e. if there is a current highest bid of £100, any offers below £100 will not be accepted by the system.
- Reserve Price - in the diagram below you will see a reserve price of £100. Any offers made below £100 will be accepted by the system ready for admin review. The bidder will see a success message and this will use one of their offers.
