Buyout price

ℹ️ What is Buyout price?

The Buyout price lets a customer instantly win an auction by paying a fixed price, without waiting for the auction to end.

It’s useful when you want to offer bidders a fast purchase option while still running an auction.

When a customer chooses the buyout price:

• The auction ends immediately

• That customer becomes the winner

• Other bidders can no longer place bids

🛠️ Set up Buyout price

In the Auction you are creating/ editing:

• Tick to the check box Automatically close the auction when a customer bids the buyout price if you want to enable this feature.

• Tick to checkbox Show buyout price on front store if you want to show the buyout price on the front end.

• Enter the price amount: there are 2 ways to place the buy out price:

– Fixed: you place a price you want. – Percentage: The buyout price will be calculated based on the product price

What Customers See on the Storefront

When a buyout price is enabled:

• Customers see both:

  • Current bid

  • Buyout price

• Customers can choose to:

  • Keep bidding, or

  • Pay the buyout price to win immediately

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✅ How it works

• You set a Buyout price when creating the auction

• The auction starts and customers place bids

• A customer clicks Buyout (or equivalent button)

• If someone clicks it and completes the checkout:

  • The auction will end immediately.

  • The product will be sold to that customer at the buyout price.

  • Other bidders will no longer be able to place bids.

Example:

Auction settings

• Starting price: $100

• Bid increment: $10

• Buyout price: $300

Bidding flow

• Current bid reaches $180

• A customer clicks Buyout $300

Result

• Auction ends immediately

• Customer wins the auction for $300

• No further bids are allowed