Summary

  • Automatic bidding up to your set maximum amount

Details

Flippa uses proxy bidding in our auction listings.

When you place a bid in an auction, you authorize Flippa to bid on your behalf up to the maximum amount entered in your bid. 

maximum_bid.jpg

Once your bid is placed, Flippa's system automatically bids in the following increments:

  • If the starting or current bid price is under $1,000, $5 per bid.

  • If the starting or current bid price is under $10,000, $50 per bid.

  • If the starting or current bid price is under $100,000, $100 per bid.

  • If the starting or current bid price is above $100,000, $1,000 per bid.

Once a number of proxy bids are in place, bidding and an increase in the current bid price can happen very quickly since the process is entirely automated.

Was this article helpful?
17 out of 41 found this helpful

Comments

0 comments

Article is closed for comments.