What to Expect

When bidding on Mint Auction, understanding how the process works is key to having a successful and enjoyable experience. Here’s a detailed overview of how bidding functions on our platform and what you can expect.

Ways to Bid

There are three main ways you can participate in auctions, depending on how a listing is set up:

1. Buy Now

• For listings with a Buy Now option, you can purchase the item immediately at the listed price.
• This method bypasses the bidding process entirely, securing the item instantly.

2. Make an Offer

• Some listings allow you to submit offers directly to the seller.
• You can send up to three offers per listing.
• The seller will review your offer and decide to accept or reject it.

3. Bidding on an Auction

• All listings are structured as auctions with a designated end date and time.
• You can place bids in two ways:
  • Standard Max Bid: Enter the maximum amount you’re willing to pay, and the system will automatically increase your bid by $1 increments if other bids come in, until your max bid is reached.
  • QuickBids: Use this feature for rapid bidding with predefined increments.

Auction End Time

• Auctions have a set closing time.
• If a bid is placed within the last 5 minutes of the auction, the auction will automatically extend by an additional 5 minutes.
• This ensures fair competition and gives every participant a chance to place their final bids.

Terms of Service Approval

Before placing any bid, whether through the Max Bid, QuickBids, or Buy Now options, you will need to approve Mint Auction’s Terms of Service.

What Happens After You Bid

• Confirmation: You’ll receive an email or notification confirming your bid.
• Live Updates: The system will notify you if you’re outbid or if your offer is accepted or rejected.
• Winning the Auction: If you win, an invoice will be generated, and you’ll be prompted to complete payment.

Additional Notes

• Make sure to review the auction details, including the starting price, reserve (if applicable), and any terms specific to the listing.
• Always verify your maximum bid amount to ensure it reflects your intended budget.

By familiarizing yourself with these processes, you’ll be fully prepared to navigate Mint Auction’s platform and make the most of your bidding experience.

For more questions about bidding, feel free to contact us at [email protected].