Starting October 31, 2017, Flippa will be changing the way the reserve met functionality works.
For the reserve to be met, there must be one bid placed.
In the past, auctions were considered to have reserve met whenever the reserve price matched the auction price, regardless if the auction had any bids or not. So if an auction had a $15,000 starting price and a $15,000 reserve price, this would highlight the price in green, indicating that the reserve has been met.
This is no longer the case.
For an auction to be considered as reserve met, it must now meet two criteria: First, the auction price must be equal to, or greater than, the reserve price of the auction, and secondly, there must be 1 bid or more. Auctions that do not meet this criteria will no longer be featured in the reserve met section of Flippa.
This is a small change, that we hope will have a big impact on how auctions are viewed by our users.
Have any questions on the upcoming change? Send us a quick email here.