An item posted under Auction with multiple quantities may be bid by different members, and the bidding process is slightly different as to when quantity = 1. The bidding process starts when a member places his bid amount (following the bid increment) and bid quantity. The bid may then be retained to the current highest bid, provided that the available quantity is still sufficient to accommodate their bids. In the event that available quantity runs out, the next bidder should outbid the lowest bidder accommodated by the available quantity. This process continues until the bidding duration ends and final winning bidders are declared. On the other hand, if listing has a ‘Buy Now’ feature, the quantity bought through ‘Buy Now’ will be deducted from the available quantity. To illustrate:
Quantity: 10
Starting Price: Php 500.00
Bid Increment: Php 5.00
Buy Now Price: Php 600.00
Duration: 3 days
Bidder |
Bid Quantity |
Bid Amount |
Status
(by end of 3 days) |
A |
5 |
Php 505.00 |
Outbid |
B |
5 |
505.00 |
Outbid |
C |
5 |
510.00 |
Outbid |
A |
5 |
510.00 |
Winner |
D |
2 |
600.00 (Buy Now) |
Winner |
E |
3 |
515.00 |
Winner |
To bid with a Multiple Item Listing, follow these simple steps:
- Register
Before you can bid, you will need to register first to become a certified member.
- Sign-in
You will need to Sign-in as a registered member by entering your Username and Password in the spaces provided then click the “Sign-in” button.
- Item Image or Name
Go to the Item of your choice and click on the Item Image or Name.
- “Bid Now”
Carefully look on the item and bid details. Enter the quantity you wish to bid on and the bid amount (following rules on bidding for multiple items) and click on the “Bid Now”. Below is the bid increment schedule:
Starting Price |
Increment |
Php 50 – 500
Php 501 – 1000
Php 1001 – 2500
Php 2501 – 5000
Php 5001 – 10000
Phh 10001 or more |
Php 5
Php 10
Php 15
Php 25
Php 50
Php 100 |