What does “Sold on Approval” mean?

The term “Sold on Approval” means that the item has been auctioned, but the final sale is subject to seller approval. This typically applies when a reserve price has been set.

How It Works

• If the highest bid meets or exceeds the reserve price, the sale is automatically approved.
• If the highest bid falls below the reserve price, the seller has the option to:
• Approve the sale at the current bid price.
• Counter with a new reserve price.

Why Does This Matter?

This process ensures that sellers receive an acceptable amount for their items while still allowing buyers the opportunity to negotiate.

For further assistance, feel free to contact RideSafely support.

If you have any further questions or need assistance regarding the bidding process or sale approval, feel free to contact RideSafely support at (215) 289-0300 for expert guidance.

Thank you,
The RideSafely Team
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