Bidder FAQ
Where did my bid go? (Max Bid)
All bids placed are in the max bid format. A max bid is the highest amount that you are willing to pay for an item and is kept private from other bidders until that amount has been exceeded. Bids are automatically placed on your behalf against ...
Why is my invoice higher than my bid amount? (Buyer's Premium)
Buyer's premium (BP) is a percentage that is added on top of the final bid price. BP will be collected on every item sold on Equip-Bid. The terms of each auction will notify you what BP percentage will be charged; all auctions on Equip-Bid will ...
Why is another bidder in the lead with my same bid amount?
Your bid was accepted, however, most likely another bidder already had already placed a bid for the exact same price. In the example below, bidder 1931 had the exact same bid as the second-place bidder, 52242. Since Bidder 1931 placed their bid ...
What is a Reserve? How much is the Reserve on this item?
A reserve is an amount that bidding must reach before an item will be sold. Items that have a reserve will state Reserve Not Met underneath the current bid price until that bid price has been met. Once a reserve price has been exceeded, a notice will ...
How did I get outbid after the auction close time? (Extended Bidding)
Every lot has a scheduled closing time. However, if there is active bidding within 5 minutes of the scheduled closing time for an item, that item will remain open until 5 minutes have elapsed with no new bids. Using the refresh button will allow you ...