How Automatic bid works ?

The Automatic Bidding feature helps customers stay in the auction without constantly watching or manually placing new bids.

It works like a "set it and forget it" system. Once enabled, the system automatically bids for the customer until their maximum bid limit is reached.

What Is Automatic Bidding?

Automatic bid, also known as Proxy bidding

Automatic bid occurs when bidders have the option to set a maximum price that they would be willing to pay for an item and then allow the computer system to bid for them by the bid increment until someone places a higher bid than their maximum.

The bid increment is pre-set by the auction and is the amount that a proxy bid must increase by.

Once you set up automatic bidding, you can stay ahead of the competition for an item without needing to be on the online store.

How to set up Automatic bid in our app?

Steps to manage

1. Open the app > click Auctions > create a new auction or open a current auction

2. In Advance setting sessions, tick to Automatic bid checkbox

3. Click Save

How the Automatic bid works on the front store?

• When customers place an Automatic Bid, they simply enter the maximum amount they are willing to pay and click the "Automatic Bid" button on the auction widget.

• The system will automatically place bids on their behalf, increasing in set increments. We will only bid as much as needed to keep them in the lead, up to their maximum limit.

• If another bidder places a higher bid, and it exceeds their maximum, the customer will receive an email notification.

• They can then choose to increase their maximum bid if they still want to win the auction.

Here is an email sent to bidder who places automatic bid: