A. An exact bid means that Your Maximum Bid is the amount you wish to bid immediately. Your bid will be submitted for the Maximum amount at the time of your bid, and no proxying will be done by DOTmed for you. Top
A. Proxy bidding makes bidding easier for you by making it possible for you to pay less than the maximum amount you are willing to pay for the auction item. When you enter the maximum amount you are willing to pay for an item, DOTmed automatically bids on your behalf up to your Maximum Bid. DOTmed only bids on your behalf when others outbid you. In the case of bids for the same amount, the bid made first wins.
Through the Proxy Bid system, DOTmed will bid on your behalf up to the Reserve Price if it is not yet met, but proxy bids will never go over the maximum amount you are willing to pay. A Reserve Price is the lowest price at which the Seller is willing to sell the item that you are bidding on. Top
What is the Purchase It! feature?
A. The Purchase It! option will automatically end an auction for a set price determined by the seller. If you choose the Purchase It! option, the auction will end and you will be the winner. The option to Purchase It! will dissappear one day before the close of the auction or when the bid reaches the reserve price specified by the seller. Top
What does the red P next to the bid amount mean?
A. The red "P" next to the bid amount indicates that the bid is a Proxy bid rather than an Exact bid. Top