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ninja d.

Contributor Level

Total Points
83

1 Review by ninja

  • Listia

3/5/16

I don't know if there is a feature that outbids another bidder automatically, but everytime I bid on something 1 guy would outbid me every time eg. I bid 150 He'll bid 160, and the annoying things about this is its only one person/account who is automatically outbidding me. I'm not winning even a single bidding bc of this

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Tom F. – Listia Rep

Hi,

If you have been noticing that you are immediately outbid each time you bid, it is probably because of our automated proxy bidding system. We use an automated proxy bidding system in which it only bids as much as it needs to, in order for you to be the top bidder, up to the max bid amount you placed.

For example, if a user places a bid of 5 credits and the auction starts at 0 credits, the top bid will only be 1 credit since that's all it takes for them to be the top bidder. If you now placed a bid for 3 credits, the other user would still be the top bidder at 4 credits and you would be outbid automatically and immediately. If you placed another bid for 10 credits, you would become the top bidder at 6 credits since that's all it takes for you to become the top bidder, since you surpassed the max bid of the other user who had bid 5 credits.

Another advantage of an automated proxy bid system is that you don’t have to constantly check the auction’s status. You simply place the highest bid amount that you’re willing to pay, then let the system do its thing for you.

We hope this clarifies things for you :)

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