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An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected devices. [1] [2] [3] Similar to in-person auctions, online auctions come in a variety of types, with different bidding and selling rules.
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DealDash is a bidding fee auction website. It was founded in 2009, and is headquartered in Minneapolis, Minnesota, United States. [1] [2] [3]Users buy "bids", which are credits priced at 13 cents each, which increase the listed price of the item by 1 cent.
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Tips to Sell Gift Cards Online. There are plenty of websites to sell your gift cards, and each one is a little different. Some will let users bid on your gift card, while others will purchase it ...
However, online auction sites, unlike live auctions, usually have an automatic bidding system which allows a bidder to enter their maximum acceptable bid. This is a hidden or proxy bid , known to the system, but not any other bidders; during the auction the actual bid is incremented only enough to beat the existing highest bid.
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