| Please
be sure to read our User
Agreement and our Terms
Of Use which outlines our online auction and site policies. |
How long does it take before I can bid? |
| After
a new account has successfully been created, it takes 24 hours or
1 full business day for the account to become active for bidding.
New registrants will receive a second email notification stating
this fact once your account has been activated. Please click on
the CONTACT US link at the bottom of every page and call us if you
need to activate your account faster due to an item closing that
day. We will have to manually activate your account. Please note
we will only be able to help you during office hours M-F 8:00am
- 5:00pm CST. |
What is an English Auction? |
| English
auctions are probably the most common type. Users bid the highest
price they are willing to pay for an item and bidding activity stops
when the auction duration is complete. The item is sold to the highest
bidder at their bid price. English
auctions also allow the seller to specify a reserve price below
which the item will not be sold. |
Regular Bids |
A Regular Bid is a standard in auction bidding. The amount that
you place into this field will be the amount of the bid that you
are making.
The nescessity of having to continually update your bid is a drawback
to this type of a bid. |
Auto Bids (Proxy/Absentee Bids) |
The Auto Bid takes advantage of the computer in the On-Line auction
environment. By bidding as much as you want to spend and using an
auto bid, the Visual Auction© software will automatically advance
the bidding if someone bids more than the current bid and less than
your Auto Bid. It will not block someone who is
willing to place a Regular Bid at the same
amount as your maximum Auto Bid amount. So keep an eye
on the auction at closing to make sure you are not out bid.
Auto bids will also automatically advance the bidding to the level
of the reserve or your maximum Auto bid. Whichever is lower. |
Dynamic Bid Times |
Dynamic Bid Time can be set by the seller when posting an auction.
Dynamic Bidding allows for bidding to continue beyond the normal
end of the auction if certain events occur.
If
anyone places a bid during the Dynamic Bid window, which is measured
in minutes, then the end of the auction will be extended by the
length of time of the Dymnamic Bid setting. |
Reserve Bid |
When a seller sets a Reserve Bid amount they are stating that
this value, which is not disclosed to the bidders, except to announce
whether the Reserve Bid has been met, is the lowest bid that they
will accept as a successful auction.
As a Seller this allows them to set a minimum amount that they
will sell thier item for. |
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