SET MAX BID

AutoBid

What is AutoBid

Autobid is a feature that automatically places bids on your behalf during an auction. You set a maximum amount you’re willing to pay, and the system will incrementally increase your bid only when necessary to keep you as the highest bidder, up to your set limit. This allows you to stay competitive in the auction without having to manually monitor and place bids yourself.

How AutoBid works

  • Set the maximum amount you’re willing to pay.
  • The system will bid for you, increasing only by small amounts as needed.
  • If someone else bids, the system will keep you as the highest bidder until your max is reached.
  • If others bid higher than your max, the system stops bidding.

Frequently Asked Question

Why use Autobid fuction?
Using the autobid function is helpful because it saves you time by automatically placing bids for you. It ensures you stay competitive by keeping you as the highest bidder within your set limit, and you don’t need to constantly monitor the auction.
Why is the Autobid function beneficial for bidders?
Autobid is beneficial because it ensures you stay in the lead without manual intervention, reducing the chances of missing out on an item due to last-minute bids.
How does the Autobid function work?
Autobid automatically places bids for you, up to your set maximum, keeping you in the lead without manual effort.
Can i change my maximum bid price from time to time ?
Yes, you can increase your maximum bid at any time during the auction, but you cannot decrease it.
⁠Can i stop to use Autobid and swap back to manual anytime during the bidding process?
No,  you cannot switch back to manual bidding during that auction. However, you can always adjust your maximum bid if needed.
How do I know if Autobid has placed a bid for me?
You can see an update in your bid history showing that autobid placed a bid.
Will autobid increase my bid if I’m already the highest bidder?
No, autobid only increases your bid if someone outbids you, up to your set maximum.
Can I cancel an Autobid before the auction ends?
No, you typically can’t cancel Autobid, but you can stop bidding by lowering your maximum bid or waiting until it’s outbid.
What happens if two bidders have the same maximum bid? Who will be the winner ?
If two bidders set the same maximum bid, the bidder who placed their bid first will win the item.
How can I verify that I placed my bid first?
No. The system prioritizes bids based on the time they were placed, but there is no specific dashboard to show this order.