Bido.com has announced that they will no longer be offering a guaranteed sales price to their sellers. For those unfamiliar with this service – Bido had initially offered sellers a "guaranteed price" that they would be paid for the sale of their name, even if bidders didn’t reach the agreed-upon price.
For me I think this is a change for the good. The idea of a no reserve auction with a reserve for the seller can create a different dynamic than a traditional no-reserve auction would have. So in my mind, rather than Bido.com removing this feature, they have done quite the opposite – they have decided to go no reserve all the way!
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