|
Regular Bids
|
A Regular Bid is a standard in auction bidding. The amount that you place into
this field will be the amount of the bid that you are making.
The nescessity of having to continually update your bid is a drawback to this
type of a bid.
|
|
Proxy Bids
|
The Proxy Bid takes advantage of the computer in the On-Line auction environment.
By bidding as much as you want to spend and using a proxy bid, the Visual Auction© software will
automatically advance the bidding if someone bids more than the current bid and
less than your Proxy Bid.
Proxy bids will also automatically advance the bidding to the level of the reserve
or your maximum Proxy bid. Whichever is lower.
|
|
Dynamic Bid Times
|
Dynamic Bid Time can be set by the seller when posting his or her auction.
dynamic Bidding allows for bidding to continue beyond the normal end of the
auction if certain events occur.
When you set a value for Dynamic Bid Time this sets a watch for bids on the
auction from that many minutes before the end of the auction. If anyone places
a bid during the Dynamic Bid window, which is measured in minutes, then the end
of the auction will be extended by the length of time of the Dymnamic Bid setting.
|
|
Reserve Bid
|
When a seller sets a Reserve Bid amount they are stating that this value, which is
not disclosed to the bidders, except to announce whether the Reserve Bid has
been met, is the lowest bid that they will accept as a successful auction.
As a Seller this allows you to set a minimum amount that you will sell your item for.
You should be aware that setting your Reserve Bid to high will result in you item not
selling.
|
Home Listings Help Buyers Sellers Search Site Map