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Buyers can select any or none of the bids offered, and they can cancel or repost the auction at any time. Buyers pay a performance-based transactional fee (fee is only paid if the Buyer awards the contract) that is automatically built into the bidding process. The winning Seller then remits the fee back to Unison Marketplace (formerly FedBid).
Auction sniping (also called bid sniping) is the practice, in a timed online auction, of placing a bid likely to exceed the current highest bid (which may be hidden) as late as possible—usually seconds before the end of the auction—giving other bidders no time to outbid the sniper.
Bob Shop, formerly Bidorbuy or bidorbuy.co.za (officially written as one word, all-lowercase; variations: bid or buy, Bidorbuy and Bid or Buy), is a South African e-commerce website based on an internet auction and online marketplace. Transactions on Bidorbuy are in South African Rand.
Best practices • Don't enable the "use less secure apps" feature. • Don't reply to any SMS request asking for a verification code. • Don't respond to unsolicited emails or requests to send money.
eBay can be used by individuals, companies and governments to purchase and sell almost any legal, non-controversial item. eBay's auctions use a Vickrey auction (sealed-bid) proxy bid system. Buyers and sellers may rate and review each other after each transaction, resulting in a reputation system.
Dummy bid (a/k/a "ghost bid") – a false bid, made by someone in collusion with the seller or auctioneer, designed to create a sense of increased interest in the item (and, thus, increased bids). Dynamic closing – a mechanism used to prevent auction sniping , by which the closing time is extended for a small period to allow other bidders to ...
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