Bidding Amount -
Buyer can enter bid amount of multiple of 5 . For example 5x1= 5 ,5x2= 10 ,5x3= 15 ,5x10= 50 . Bidding amount should be multiple of 5 . Bids can be increased with $5 .
Bids Preference - two people bid the same amount, the first bid has priority.
Starting Bid - it is the opening bid of auction .Buyer can start his bids with this amount
Reserve price - The price stipulated as the lowest acceptable by the seller for an domain sold at auction .
No reserve Auction - This means starting bid and reserve price is same . In this case the higgest bidder will win the auction no matter what is the sold price . Even only first bidder can win the auction if no further bids is recieved on auction .
Reserve not met - This means seller has a set price below that listing would not be sold .Once bidding reaches that price listings reserve is met .Now listing will surely sold to higger bidder .
Maximum Bids - We suggest that you bid the maximum amount that you're willing to pay for an item, and let our system incrementally increase your bid for you, as necessary.As the listing proceeds, we compare your bid to those of other bidders. When you're outbid, we automatically bid on your behalf up to your maximum bid. We increase your bid by increment of $5 only to maintain your position as highest bidder. Your maximum bid reflects the amount you're willing to pay for an item, but you could end up paying less.
Our max bidding (also called automatic bidding) system makes bidding convenient so you don't have to keep coming back to re-bid every time someone places another bid.
How max bidding, or automatic bidding, works --
When you place a bid, you enter the maximum amount you're willing to pay for the item. The seller and other bidders don't know your maximum bid.
We place bids on your behalf using the automatic bid increment amount, which is based on the current high bid. We increase your bid only as much as necessary to make sure that you remain the high bidder, or to meet the reserve price, up to your maximum amount.
If another bidder places the same maximum bid or higher, we notify you so you can place another bid. Your maximum bid is kept confidential until it is exceeded by another bidder.
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