Benefit Bidding

Help

Following is help on some common usage issues relating to this site.
For more help please visit our FAQ section. #datasource#

User Agreement

Please read our User Agreement which outlines the site policies and terms of use.

English Auctions

All the auctions on our site are "English Auctions" English auctions are probably the most common type of auction used today. 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.

Bidding on our site

When you bid on our site you have two options when making your bid.

A Regular Bid
A regular bid is a one standard auction bid. 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, our 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.