# 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

<figure><img src="/files/H3lE4dnvX8WZIuxLl9OQ" alt=""><figcaption></figcaption></figure>

#### 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

<figure><img src="/files/GdDoXVj4Cj4bKjqzQBqk" alt=""><figcaption></figcaption></figure>

***

### ✅ 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:&#x20;

**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

<figure><img src="/files/mj7T9dNK2f9PO7YNSXmR" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/fXlY1LpuzchUlIovIJIJ" alt=""><figcaption></figcaption></figure>


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