|
|
|
xcAuction supports Proxy bidding on behalf of auction bidders. Proxy bidding allows a user to specify the maximum (in the case of a Standard auction), or minimum (in a Reverse auction) amount they are willing to bid. When a proxy bid is placed, the current bid is posted at the best bid price possible (with the actual proxy amount hidden from other bidders). When another bidder attempts to place a bid, the previous bidder's proxy will go into effect, in an attempt to surpass the new bidder. Whichever of these two bidders has the higher proxy bid, ends up as the current high bidder. Proxy bidding encourages more bidding activity and typically drives up auction prices. The proxy bidding feature can be disabled if not desired, and additional configuration options allow you to determine if proxy bids should immediately meet any Reserve price.
Return to Interactivity category item list...
Back to list of feature categories...
|
