What is a Proxy Bid? [Buyers] [FAQ]

StorageAuctions.com StorageAuctions-com Moderator
edited April 2017 in StorageAuctions.com

What is a Proxy Bid?

A proxy bid is a bid robot that you can utilize to place bids for you. Creating a Proxy bid will allow you to outbid anyone automatically by outbidding bids by $10.00 until the current bid is higher than your proxy bid. 

Example: You Placed a Proxy Bid Placed of $200.00

If no one else bids on the auction, you will win and the max bid will be $80.00. 

If a bid is placed for greater than your proxy bid ($200.00), you will be alerted by email that you have been outbid and will have to log back into the system to continue bidding on this unit.

© 2018 SiteLink Software, LLC. All Rights Reserved

Terms of Use  |  Privacy Policy   |  Cookies Policy   |  Help  |  Contact Community Manager   |  Change Marketplace Ads