Auto/Max Bidding
What is Auto/Max bidding?
Automatic or Max bidding is the easiest way to bid on a Peg auction. Simply enter the highest price you’re willing to pay for an item, and we'll do the rest. Once you set up a max bid, you can stay ahead of the competition for an item without needing to check on it regularly.
How to I set it up?
To set up automatic bidding on an auction listing, enter the maximum amount you’d like to pay for the item (your "max bid") and click Place Bid. The system will then place bids on your behalf to keep you in the lead, but only up to your specified max bid amount. We’ll let you know if someone outbids you, then you can decide if you want to increase your max bid.
Tip: Bidding on items can be exciting, but placing a bid is a contractual obligation to purchase at the bid amount. Make sure you’re prepared to pay the max bid amount if you win the auction.
Why was I immediately outbid?
If you are outbid immediately after placing a bid, it’s likely that another bidder is using automatic bidding and has a max bid that is higher than yours. You’ll need to raise your max bid in order to stay in the race and become the highest bidder again.
Bid increments
The dollar amount by which a bid increases is known as a "bid increment". Bid increments are small when the current bid is low and grow larger as the current bid increases. For example, if the current bid is $25, the next required bid is at least $26. However, if the current bid is $125, the next required bid is at least $130. Bids are always made in whole dollar amounts.
Below is the up-to-date bid increment schedule:
Current Bid Amount | Bid Increment |
|---|---|
$1.00 – $39 | $1 |
$40.00 – $99 | $2 |
$100.00 – $249 | $5 |
$250.00 – $999 | $10 |
$1000.00 – $2499 | $25 |
$2500.00 – $4999 | $50 |
$5000.00 and up | $100 |
Occasionally you may see bids increase by less that a full bid increment. This can happen when a bidder places a max bid that exceeds the current bid increment, but is not a multiple of that increment.