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Full Version: Q: What is the "Starting bid"?
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What is the "Starting bid"?
The "Starting Bid", also called "initial bid", is the minimum first bid of the auction. It is the amount that the bidding will start at.
Auctions on Bido start either at a common minimum bid suggested by Bido (e.g. $18) for all auctions, however sellers may override the minimum bid suggested by Bido and choose to start an auction at the BidoPrice. Further, Sellers may choose any arbitrary by starting bid from $1 up to their BidoPrice, by acceleration the auction. Also, if there were Pre-Bids in the auction, the auction will start at the amount of the highest Pre-Bid.