posted May-22-2012
posted May-24-2012 “Typically, auctions are over at their posted closing times. uBid displays a countdown to the auction close time. This countdown represents the time you have left to bid on that auction. If a bid is placed within 2 minutes of the auction close time, that auction will go into overtime. Our overtime policy is as follows:
• If there are any bids within 2 minutes of the auction close time, the auction will be extended until there are no bids for 10 continuous minutes.
• There is no limit to the number of times an auction can be extended. Therefore, uBid recommends that you check back often as an auction nears closing time.
• As long as there are quantities available in an auction, traditional bidding will continue. If all quantities in an auction are purchased using Buy Now, the auction closes.
OT is a policy that many online auction platforms employ.”
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