Extended Bidding

Extended bidding ensures a fair opportunity for all participants in an auction by preventing last-minute bid sniping.

How Extended Bidding Works

If a bid is placed within the final 5 minutes of an auction’s closing time, the bidding period will automatically extend by an additional 5 minutes. This process will repeat until no new bids are placed during the final 5-minute window, at which point the listing will expire and the highest bidder will win.

Time Countdown

Each listing includes:

• A countdown timer showing the remaining time for the auction.
• A clearly displayed closing date to help you keep track of the auction's end.

Why Extended Bidding Matters

Extended bidding ensures that every bidder has the chance to react to last-minute activity, fostering a competitive and fair bidding environment.

• Prevents Bid Sniping: Eliminates the unfair advantage of waiting until the final seconds to place a bid.
• Maximizes Value: Sellers benefit from additional time for potential buyers to increase their offers.

Tips for Bidding During Extended Time

1. Stay Alert: Be prepared for additional bidding rounds if you are actively participating in an auction close to its end time.
2. Set a Max Bid: Use Mint Auction’s Max Bid feature to automate your bidding strategy, so you don’t miss out.
3. Watch the Timer: Keep an eye on the countdown to ensure you are ready to respond.

With extended bidding, you have peace of mind knowing every participant has an equal opportunity to win. For questions about extended bidding, please contact us at [email protected].