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.
Once your bid is placed, Flippa's system automatically bids in the following increments:
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If the starting or current bid price is under $1,000, $5 per bid.
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If the starting or current bid price is under $10,000, $50 per bid.
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If the starting or current bid price is under $100,000, $100 per bid.
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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.
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