How Do Bids and Offers Work?


How public auction bidding works

In a public auction, the current value of the bidding is displayed on the listing page. We use Automatic Bidding (also known as Proxy Bidding) to place bids.

If you’ve decided to bid on a listing, enter the maximum amount you’re willing to pay for the website or domain in the bid field.

The seller will need to approve you as a bidder before your bid is valid. Once you’ve been approved, each additional bid will automatically be placed, up to your maximum.

Our automatic bidding system will increase your bid by regular increments each time you are outbid, up to your maximum bid. This gives you the best chance to win the auction, while still controlling how much you’re willing to pay.

If your bid is under the seller’s reserve, we will bid on your behalf up to your maximum, and notify you that your maximum bid is under the reserve.

If your maximum bid is over the seller’s reserve, we will bid on your behalf up to the reserve. You will then be in the lead to win this auction.

Who can see the maximum bid amounts?
Your maximum amount won’t be shown to other bidders, or to the seller, but you can see your own maximum bid on the listing’s page, and increase it if you’d like.

What if two bidders place identical maximum bids?
If two buyers place the same maximum bid, the one whose bid was placed first will prevail. Even if the seller approves pending bidders in a different order, the first bid placed will be the winner and the second bidder notified they’ve been outbid.This will be reflected in the bid history — if multiple maximum bids for the same amount were accepted, the first bid placed (the current winner) will be at the top of the list.

How private sale offers work

In a private sale, the offers are kept private. Only the seller knows the value of the offers that have been made.

To make an offer, the buyer enters the offer into the box and clicks on the Place Offer button.

Any offer may be accepted or rejected by the seller. The seller only accepts one offer, though - that's the winning offer.

By accepting an offer, the seller ends the private sale and commits to selling the property to that buyer. The buyer who made that offer is also obliged to purchase the property at the price they specified.

To access Flippa's offer management tools, logged-in sellers select My Account, click on My Listings, and then on Pending Offers.

Rejecting offers
Sellers may reject any offer they choose. Only an accepted offer is legally binding for the buyer and seller.

Automatic rejection
If the seller doesn't accept or reject an offer within 72 hours of receiving it, Flippa will automatically reject that offer.

Accepting an offer
In a private sale, the seller accepts only one offer - the winning offer. By accepting an offer, the seller ends the sale.

Once the seller accepts an offer, the seller is legally bound to sell the property to the buyer who made that offer. Likewise, the buyer is legally bound to purchase the property for the value of the accepted offer.

Have more questions? Submit a request


Powered by Zendesk