New: Max Bidding for Online/Mobile Auctions
The Max Bidding feature allows Online and Mobile bidders to specify the maximum amount they want to bid on an item and the software will record their bids automatically until they either win the item, or reach the limit specified for their Max Bid.
Max Bidding is optional and must be enabled on your site. It can be used alone, or in conjunction with Extended Bidding feature (also optional).
Max Bidding is primarily offered as a convenience to bidders: it allows them to bid in "blocks" rather than monitoring the bid activity and placing new bids individually, as needed. Max Bidding may generate additional bids in cases where individual bidders might otherwise be distracted and neglect to submit new bids, but Max Bidding does not necessarily maximize an item's sale price.
Extended bidding is designed to capture all potential bids by extending the closing time on items which are still being actively bid upon. Extended bidding does not change how bids are placed, only the period of time bids are accepted is affected.
To enable Max Bidding on your site:
Go to Admin > Site Settings > Online Auction > General > Check box to "Allow Guests to Place a Maximum bid" > Save
To Place a Maximum Bid:
Go to Catalog > Item Detail Page:
- Click to Bid
- Enter the Maximum amount to bid, then click on Max Bid button to submit OR
- Enter the amount of the individual bid you would like to place, then click on the Bid Now button to submit.
Bid History Updates:
4. Bid equal to Next Minimum Bid amount is recorded on bidder's behalf.
5. Bid Record reflects Current Bid, Next Minimum bid, and Your Current Max Bid.
Max Bids are placed automatically in response to new bids:
6. Note that incremental bids placed automatically for Max Bidders are NOT displayed in the Bid History.
When multiple bidders place the same Max Bid, the bid amount is recorded for each bidder but:
7. The first bidder to place the bid is considered the High Bidder;
8. A banner message displays for the other bidder(s) explaining why s/he is not the high bidder.