AutoBid (also known as a "proxy bid") is a feature in our auction which automatically bids on your behalf the least amount it can to win the auction.
AutoBid works like this:
- You enter the maximum amount you are willing to pay for the item in the bid amount field when placing a bid.
- AutoBid then bids on your behalf, and always bids the least it can to win the auction. Because AutoBid bids the least it can to win, your posted bid can be lower than your entered bid.
- If you are outbid, AutoBid incrementally raises your bid, but it never bids more than your Maximum Bid.
Learn more about Bid Increments.
Reserve Price auctions:
In a Reserve Price auction, AutoBid attempts to post a bid which meets the seller's Reserve Price, but it never bids more than your maximum bid.
An example of how AutoBid works:
The current bid for an item is $15.00. Ronnie is the high bidder, and has placed a maximum bid of $20.00 on the item. His maximum bid is kept secret from the other bidders.
Jack then places a maximum bid of $25.00, and becomes the high bidder.
AutoBid raises Ronnie's bid to his maximum of $20.00, but because Jack's maximum bid is higher, Jack's bid is raised to $21.00, and he becomes the high bidder.
We notify Ronnie he has been outbid. He must now place another bid, or Jack wins the item.
We encourage you to bid the most you are willing to pay for an item.