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Automatic Bids
What is an Automatic Bid and How Does It Work?
An automatic bid, or auto bid, helps you stay competitive without exceeding your budget. You control the process by setting a maximum bid, and we handle the rest.
How It Works:
1. Set Your Maximum Bid: Choose the highest amount you’re willing to pay.
2. Automatic Bidding: We place the next minimum bid for you automatically (find out more about how this is calculated).
3. Stay on Top: You don’t have to keep checking the auction. If you’re outbid, we’ll automatically bid for you in the smallest increments.
4. Budget Control: We won’t exceed your maximum limit. If bidding goes above your limit, we’ll notify you so you can decide whether to increase your bid.
With automatic bidding, you can focus on other things while we keep you competitive within your budget.
How to Set a Limit on Your Automatic Bid
You have full control over your automatic bid limit, making it easy to set the exact amount you want to bid. Here’s how to do it:
Steps to Set Your Automatic Bid Limit
1. Locate the Item: Go to the item's page.
2. Find the 'Set Max Bid' Button: Look for the button to set your maximum bid.
3. Enter Your Limit: Type in the highest amount you’re willing to bid.
4. Activate Automatic Bidding: Click the ‘Set Max Bid’ button to confirm your auto bid.
Once your limit is set, we’ll place the next minimum bid for you. If you’re outbid and haven’t reached your limit, we’ll automatically bid again for you using the smallest increment needed to keep you in the lead.
Can I Change the Amount of My Automatic Bid After Placing It?
Yes, you can change your automatic bid amount. To do this, just enter a new maximum bid. This new amount will replace your previous limit and set your updated maximum bid for the item.
What Happens When I Reach My Automatic Bid Limit?
When you reach your automatic bid limit, we will stop bidding on your behalf and notify you that your limit has been reached.
We will never exceed the limit you have set, ensuring you remain in full control of your bidding.
At this point, you can decide whether to continue bidding by either placing a new auto bid with a higher limit or making a regular bid.
Who Can See My Automatic Bid?
Your automatic bid is private, meaning only you and our system can see it. You can also monitor your current auto bids.
When a bid is placed, all bidders can view it in the bid history section of the item’s page. However, they cannot determine whether a bid is a regular bid or part of an automatic bid.
Can I Cancel My Automatic Bid?
Yes, you can cancel your automatic bid. Simply click on the “Disable Max Bid” button to stop the automatic bidding process.
Can I Place an Automatic Bid if I Already Have the Highest Bid?
Definitely! Setting an automatic bid is a smart way to maintain your position without constantly watching the auction. If you’re already the highest bidder, an automatic bid won’t trigger unless someone outbids you.
Rest assured, we will never exceed the limit you’ve set for your automatic bid, keeping you in complete control over your bidding process.