Custom Bidding

Palmstreet is committed to providing a fair and enjoyable auction experience for all. The new Custom Bidding Price feature gives buyers more opportunities to win their desired items.

How to Bid a Custom Amount

1. Once the auction begins, tap the “Custom” button to set a custom price.

2. The price starts at the current highest bid. Adjust the amount using the (–) and (+) buttons, or enter a specific value, ensuring it meets the minimum/maximum bid increment (refer to the increment guide below).

3. Confirm and submit the custom bid.

Custom bids may fail if:

1. Another buyer placed a higher bid before submission, or internet connection issues caused the bid to fail.

2. The bid amount is lower than the minimum increment.

3. The bid amount exceeds the maximum increment.

The credit balance or a coupon can be selected in the "Bid Setting" by tapping the "Wallet" menu before the auction, just as usual.

All bids placed during an auction adhere to a Minimum Bid Increment guide as follows:

• If the highest price is less than $10, the bidding increment is $1.

• If the highest price is between $10 and $30, the bidding increment is $2.

• If the highest price is between $30 and $50, the bidding increment is $3.

• If the highest price is between $50 and $100, the bidding increment is $5.

• If the highest price is between $100 and $300, the bidding increment is $10.

• If the highest price is between $300 and $1000, the bidding increment is $20.

• If the highest price is over $2000, the bidding increment is $50.

To prevent accidental irrational bids, all bids must follow the Maximum Bid Increment guide:

• If the current highest bid is between $1-$50, bids over $100 are warned and disallowed.

• If the current highest bid is between $50-$100, bids over $500 are warned and disallowed.

• If the current highest bid is over $100, bids over $1000 are warned and disallowed.