Max Bid

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Venus
Posts: 1
Joined: 1 year ago

Max Bid

Post by Venus » 1 year ago

what does max bid mean? Does it mean I commit to the max big no matter what?
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Moderator_Connor
Posts: 316
Joined: 2 years ago

Re: Max Bid

Post by Moderator_Connor » 1 year ago

Venus wrote:
1 year ago
what does max bid mean? Does it mean I commit to the max big no matter what?
Good Evening, Venus!

Thank you for your inquiry! In regards to the Online Rising Auction, the 'Max Bid' refers to the feature where customers can enter in a value they wish to bid up to (as a maximum), and the system will continually bid in $1 increments against other customers up until it reaches the value entered. This will continue to bid for the customer even if they are not actively on the website. However, an entered Max Bid does not necessarily mean that is the price the customer will win at or pay.

For example; A customer enters a $23 Max Bid, but ends up winning it for only $12 since not many other users bid against them. The winner with the Max Bid would only need to pay the price they won the auction at ($12).

We hope this information assists with your inquiry!
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Ruby
Posts: 41
Joined: 2 years ago

Re: Max Bid

Post by Ruby » 1 year ago

unless of course the price was incredible, in which case the computer will enter 25 or so bids in the span of a second and make sure you don't receive the item for a good price!
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