Sellers must specify an opening bid for their auctions or sales.
The opening bid may be lower than or equal to the reserve price in an auction, and it helps buyers make bids or offers in the same ballpark as the reserve price.
Buyers can’t make bids or offers below the opening bid – Flippa will only submit bids and offers above the starting price for seller review.
In a public auction, a bid that’s equal to or higher than the starting price or opening bid may still be rejected at the seller’s discretion.
In a private sale, an offer that’s equal to or more than the starting price or opening bid might still be rejected at the seller’s discretion. If a buyer’s offer is rejected, that offer won’t win the sale. The buyer will need make a higher offer to win the sale.