Glossary

1. 2-click listing

MarketPrice users can place a For Sale or Wanted listing in a Market using as little effort as 2 clicks of the mouse.

This is possible because you don't need to classify, describe or provide photos for your item thanks to our unique "Market" structure. Simply click "Sell This Item" or "List Wanted Price", enter your price and if you are happy with the default shipping and payment options, click "Confirm" and you are done!

If you want to modify any of the default options, you can do so quickly and easily.

2. Buy Now

Buy Now is a quick way to buy an item. You can Buy Now from any For Sale listing by clicking the "Buy Now" button on the listing.

3. Comments / Unique Items

When creating a For Sale or Wanted listing, you can specify additional criteria that makes your item unique in the Comments field. For example, if you offer a warranty with your For Sale listing you can mention it here, or if you are after particular seats in your Wanted tickets listing you can request them here. Note that your items must still fit the market description and you must not provide contact details here.

4. Feedback

Traders have a feedback rating based on their past sales and purchases. Feedback can be placed on both buyers and sellers by the other party upon completion of a sale. Feedback can be either positive or negative. The final feedback rating is based on the total number of positive, less all negative pieces of feedback.

5. Flexible Quantity / Lot Size (Quantity Per Sale)

Sellers may allow buyers to select from a range of quantities in a For Sale listing by specifying a quantity of greater than 1. For example, a seller may list 4 tickets in their For Sale listing, in which case potential buyers will have a choice of buying between 1 and 4 tickets.

Sellers may also specify how many items must be bought per sale by using the Lot Size option. Using the example above with a quantity of 4 tickets, the seller wants to sell the tickets in pairs and thus specifies a Lot Size of 2. This would give buyers the choice of buying 2 or 4 of the tickets only.

If the seller wants to sell all their tickets in one sale, they can specify a Lot Size equal to their total quantity.

6. For Sale Listing

For Sale listings are placed in Markets by individual sellers who specify the exact conditions of the sale, including price, shipping terms and payment terms. Sellers may specify a fixed quantity, or let buyers choose from a range.

A For Sale listing can serve multiple sales until it is completely sold out, or withdrawn.

7. Markets

MarketPrice is uniquely structured into dedicated Markets that each trade in one kind of item, e.g. Coldplay Seated tickets Market, or Lionel Richie General Admission tickets Market. A Market lists all items of its kind For Sale and all items Wanted.

New markets are created and administered by the MarketPrice team. We are working on loading as many markets as possible, meanwhile please don't hesitate to Suggest a Market if you have an idea.

8. Market Price / Price Discovery

Every Market displays the Market Price in the Market Summary bar at the top. This gives you an idea of the fair price for items traded in the Market. The Market Price gives buyers an impartial price reference to compare to, and provides sellers with a pricing guide for their items - a service we call "price discovery".

The Market Price is a suggestion only and is not forced upon listings.

We calculate the Market Price based on the items' recommended retail price and the latest actual sale price.

9. Market Summary

The Market Summary gives you a quick idea of the prevailing prices in a Market. It shows the Lowest Sale Price, the Highest Wanted Price and the Market Price. The Market Summary bar appears at the top of every Market.

10.Offer

Offer is a quick way to offer an item for sale. Sellers can Offer on any Wanted listing by clicking the "Offer" button on the listing. A seller may place Offers on multiple Wanted listings, providing they have enough items to honour all the Offers they make.

11. Q&A

Buyers can ask Sellers about their For Sale listings using the Q&A function on the listing. Similarly, Sellers can ask Buyers about their Wanted listings using the Q&A function on the listing.

12. Valid Until

Users can set their For Sale and Wanted listings to expire on any date using the Valid Until feature.

13. Wanted Listing

Wanted listings are placed by individual buyers, who specify the price and quantity they want. Sellers can place Offers on the Wanted listings, which automatically notify the buyers. When a buyer accepts an Offer, a legally-binding sale is made.