Proxy Bid is to win the auction item at the lowest possible price by placing bids on it at the lowest possible increments up to a maximum amount you set.
Basically you enter the highest amount you are willing to pay and the system will bid on behalf of you as prompted by other bids. If any bidder outbid you, our system will intimate you by email.
You can use the proxy bid feature if you are unavailable to bid at the time of auction closing, For example you can set your max bid to $100, and if the other bidders only go up to $40, you would win the item for $41. If someone bids higher than $100, then you would lose the auction.
No! We are not a “penny auction” or “bidding fee auction” site. There is no cost to bid, and we do not use fake/shill bidders to increase the pricing. You can use the proxy bid feature if you are unavailable to bid at the time of auction closing, you can set your max bid to $100, and if the other bidders only go up to $40, you would win the item for $41. If someone bids higher than $100, then you would lose the auction.
A: In order to protect the integrity of the online bidding process, we only accept bids by those bidders who have a valid credit card on file. Verification of the credit card is also a process of validating the bidder’s identity, so that every seller knows they have bids from a real human and not a computer, and every bidder knows they are bidding against a human. We understand that some of you may be hesitant to provide this type of information. In fact, DownsizeSale does NOT store credit card info on our system. We use stripe.com, one of the largest online payment processor, and they handle the storage and payments directly upon auction closing. Not like other online auction auction companies in Regina, no credit card data is stored on DownsizeSale’s web server, instead the customer billing data is sent to Stripe and stored with them, and a token is returned and stored in DownsizeSale’s web server. This token will be sent to Stripe when buyer makes online payment next time without providing credit car info again.
Since all bidders have the ability to place a Bid, you may occasionally find that you have been outbid by an amount that does not seem correct. For example, if your Bid was $8, yet you lost an item to another buyer who won for $10, here’s why: At 12:01 PM, Lot 1 is at $4. At 12:30 PM, Bidder 1 (yourself) places a Bid for $8. Bidding continues and at 12:45 PM, lot 1 is at $7. At 12:46 PM, Bidder 2 places a Bid of $10. Bidder 2’s bid is accepted since it is above the $2 minimum increment at the time (since the lot was at $8), and it also outbids your bid of $10. As another example, if you place a Bid of $25 when lot 2 is at $15, why did the bid jump to $23.50?The other bidder had a $22.50 Bid which is why when you put in the $25 Bid, it jumped to the next $1 increment from the $22.50 Bid to $23.50.
If you have clicked and agreed to the terms and conditions then confirmed and submitted the bid, it cannot be retracted. Because bids are permanent, and that would ruin the bidding process. when you bid you are given a chance to cancel the bid through the second confirmation question, you must not agree to a bid if you are not sure. Please review and read the messages before clicking ‘confirm’ on anything as it will verify the command that’s being placed whether its a bid or personal information input.
This is an agreement to give Downsizesale the authority to sell your items for a fee on your behalf. it details the responsibilities of the participating parties and a time-line of task completion based on our proven model.
Unfortunately Downsizesale prohibits sellers from bidding on there own items, for the sake of establishing price fairness. however you are free to share your items auction link on social media to make sure that there are enough bidders on auction day to generate a satisfactory value for your beloveds belongings
Take a look at our terms and conditions to educate yourselves on what can and cannot be done.
If you see an item that you like, and want to save it to quickly get back to later – simply click on the star icon on the top right corner of the item’s image. This can be done from the items image or the auction page. The star will now be purple as a confirmation. items that you bid on will be automatically add to your “Following” list. To view all of the items that you have been following or bidding on so far, simply click the account tab and visit your “Following” list. You can unfollow items by clicking on the “star” then unfollow.
You will be notified via email once your items go live and becomes available in one of our auctions. The email provided during signing will be the main source of communication regarding your sale or bidding activities. You can also track sale progress via your account tab. Just log in to your account at Downsizesale.com, and click on the “draft or published auction events” tab to view each item and the preset sale date!