Reserve Not Met Report

Within the Reports/Tools tab of the Affiliate login, you can access the Reserve Not Met Report.

This report provides a detailed breakdown of invoices that fall into the Reserve Not Met (RNM) categories and will directly correlate with billing for RNM fees.

• Included in Billing:

  • No-Sale Reserve Lowered

  • Min Bid Reserve (starting price over $5 with no bids)

  • Reserve Not Met

• Not Included in Billing:

  • No-Show (unpaid reserve items where the reserve was not lowered on top of the bidder’s max bid)

Affiliates should review this report regularly to reconcile their auctions with monthly billing.

RNM / Invoice Report Definitions

This report will show the sum of all invoices falling into the categories below:

1. No-Sale Reserve Lowered

• Definition: When a reserve is lowered on top of the last bid and the buyer refuses to purchase.

• Billing: This is billable as RNM.

• Example: Reserve originally $1,500 → lowered to $1,200 → bidder’s last bid was $1,200 → bidder refuses → invoice marked RNM.

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2. No-Show (Unpaid Reserve Items)

• Definition: Items with a reserve that are unpaid by the buyer and the reserve was NOT lowered on top of their max bid.

• Billing: NOT billable as RNM.

• Example: Item with $5,000 reserve sells at $3,800. Buyer does not pay. Reserve was not lowered → Not billable.

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3. Min Bid Reserve

• Definition: Any starting price used over $5 that fails to achieve a bid.

• Billing: Billable as RNM.

• Example: Item starts at $100 minimum bid, receives zero bids → invoice marked RNM.

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4. Reserve Not Met

• Definition: Items that fail to meet the reserve.

• Billing: Billable as RNM.

• Example: Reserve set at $2,000. Highest bid is $1,600. Reserve not met → invoice marked RNM.