How does bidding work for an item with a reserve price?

2018-06-08T20:32:00+02:00June 12th, 2016|

When you bid on an auction item with a reserve price, if your maximum bid meets the reserve, it will automatically increase to meet that price. Example: An Auction item with a starting bid of R100.00 and a reserve of R1000.00. Bidder A bids R150.00 The current bid increases to R150.00 but the reserve

What is a reserve price?

2016-06-12T21:59:59+02:00June 12th, 2016|

A reserve price is a price a donator can set when they donate an auction item. It's the minimum price they're willing to accept for an item. If the bidding doesn't reach this price, they aren't obligated to sell the item. Sellers might use a reserve price because it allows them to set a

What are the Bidding Terms?

2016-06-12T21:29:13+02:00June 12th, 2016|

Your bids affect how other users bid for an item and the item's final selling price. We carefully investigate all bid retractions to determine whether they are appropriate and conform to the rules for buyers. Abuse of bid retractions can result in the suspension of your account. Bidding is meant to be fun, but

What is Incremental bidding?

2016-06-12T21:19:47+02:00June 12th, 2016|

It is advisable that users bid their maximum amount that they're willing to pay for an item, and let the system incrementally increase their bid, as necessary. As the listing proceeds, the system will compare your bid to those of other bidders. When you have been outbid, the system will automatically bid on your

What is an Automatic or Auto Bid Limit?

2018-07-02T20:09:47+02:00June 9th, 2016|

An Automatic Bid, along with an Auto Bid Limit, allows the auction system to bid on your behalf up to the maximum amount that you specified, if necessary. This amount is the maximum amount that you, the buyer, are willing to pay for an item. It is kept confidential and will only automatically increase (up

How to place a bid?

2018-07-02T20:09:47+02:00June 9th, 2016|

Once you've found an item that you would like to bid on you can enter your bid amount in the space provided and press the Bid button. You will see the minimum bid required in the box next to the bid button. You are required to register an account or login when you return. When you've

What is an auction?

2016-06-09T19:27:18+02:00June 9th, 2016|

An auction is a public sale in which the Seller specifies a starting price and optionally a reserve price for the item. Multiple Buyers can place sequential bids on the item and the Buyer that has the highest bid when the auction closes wins the auction. Sellers also set minimum bid increments and specify

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