When a seller sets a reserve price (the minimum amount they're willing to accept), your bid must meet or exceed this amount to win the item. If your bid is below the reserve, you may not win unless the seller decides to accept a lower offer.
If you place a proxy bid (your maximum bid amount) that's below the reserve price, our system will not automatically increase your bid to meet the reserve but instead bid the first increment. Why?
For example: If the reserve is $100 and your proxy bid is $80, we won't automatically take $100 from you. Your bid remains at $80 until other bidders enter the auction.
When another bidder places a bid, your proxy bid will compete naturally | increasing to outbid them (up to your maximum) if possible. This creates a more authentic auction experience where prices rise through genuine competition rather than automatically jumping to reserve levels.
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Help with Selling Lane Auction Software
What is Selling Lane Auction Software?
Getting Started Guide for Sellers
Auction Category Directory: Finding Your Perfect Selling Lane Match
Top 10 Features of Selling Lane
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