How to Place a Bid and Set Up Auto Bidding
1. Select an Auction:
On the ITAD Auctions platform, you can browse auctions by selecting categories from the left-hand menu. For example, under "Computers," you may explore subcategories such as "Laptops" or "Spareparts."
Alternatively, view the active auction list in the center of the page, which displays auction details like the title, category, number of units available, time left before closing, and the current highest bid.
2. Filtering Auctions:
You can sort auctions using the filter located in the top-right corner:
Newest: Shows the most recent auctions.
Closing Soon: Shows auctions that are about to close.
The Closing Soon filter is useful when you want to focus on auctions that are nearing their completion.
3. Searching for Auctions:
Use the search bar at the top to find specific items. For instance, if you're looking for Apple products, type “Apple” and press Search to display relevant auctions.
4. Auction Detail View:
After clicking on an auction, you will be directed to a detailed page showing in-depth auction information.
Auction Information:
Key details include the number of units available, the location of goods, and the time remaining before the auction ends.
Description and Item List:
The description provides further details, such as the condition of the items or their intended use (eg. 300pcs Lenovo Thinkpad X - A Grade). Below the description, you’ll find a list of products within the auction lot, including models and quantities + photos, when added.
You can download the full list of items by clicking on the Download link.
5. How to Place a Bid:
Manual Bid:
Enter your bid amount in the field on the right-hand side and click the Bid button. Ensure your bid is equal to or higher than the current highest bid and follows the minimum increment (e.g., €100).
Once you click Bid, a confirmation window will appear, asking you to review your bid, shipping address, and important terms before submitting.
Hints for Highest Bidder:
As the highest bidder, you will receive hints about your bid's position relative to the target price:
Far from the target: A thumbs-down icon will indicate you are significantly below the seller's default lowest selling price.
Midway: A caution icon will show you're midway to the seller's default lowest selling price.
Close to the target: A thumbs-up icon means your bid is close to being accepted or the seller's default lowest selling price is reached.
6. Setting Up Auto Bids (Autobid):
If you prefer automatic bidding, click the Auto bid button.
Auto Bid Confirmation Pop-Up:
A confirmation window will appear, where you can enter your maximum bid. The system will automatically increase your bid in increments until the maximum amount is reached.
Important Notes:
Auto bids cannot be removed once placed.
An initial bid (e.g., €200) will automatically be placed to start the autobid process.
Review your shipping address and make sure it is correct before clicking Place auto bid.
7. Bid Confirmation (Manual and Auto Bid):
After placing your bid, the confirmation window will display key information:
* EXW (Ex Works) Terms: Bids are placed under EXW Incoterms without VAT, and shipping, import, and export costs are excluded.
* Penalty for Cancellation: If you cancel after the auction closes, a penalty of up to 10% of the highest bid may apply.
Double-check your shipping address before submitting the bid.
8. Bid Notifications and Updates:
If someone outbids you, you will receive a notification via email.
The browser automatically refreshes to show live bids.
Time Extensions: In accordance with the rules of an English auction, five minutes will be added if a bid is placed just before the auction is set to close. This will continue until no further bids are made.
To review your bid history for both current and closed auctions, navigate to the Dashboard > Buying section.
9. In Case of a Mistake:
* If you mistakenly placed the wrong bid, get in touch with the support team immediately using the chat widget button.
Updated on: 09/09/2024
Thank you!