Tuesday, September 17, 2024
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| What is the buy
price? |
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The buy price is the price at which a seller is willing to
close their auction immediately and sell their domain name. If a
bidder offers a bid equal to or greater than the auction's buy price, that
bidder automatically wins the auction at the set buy price. However, the buy price
doesn't have to be met in order for an auction to close with a
sale (no reserve or reserve set lower than buy price).
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| How does a buy price affect automatic bidding?
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| It's important to remember that when you bid the buy price
on an auction, you are choosing to win the auction immediately
for that exact price. Therefore, by bidding the buy price, you
override the automatic bidding process. If you prefer to use
automatic bidding when bidding on an auction that has a buy
price, make sure to place your maximum bid below the buy price
amount.
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