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I've tried to use Flippa before and I still don't understand the bidding process. If as a seller you don't act on a bid, it auto-expires after something like 5
by chrsstrm 14y ago
I've tried to use Flippa before and I still don't understand the bidding process. If as a seller you don't act on a bid, it auto-expires after something like 5 days. To me it sounded like accepting a bid meant that was the end of the auction, but maybe it was just confirming the bid as an actual bid, which seems unnecessary. Either way, anything I tried to sell always had 0 bids, even though people were bidding on the sites.
- sanswork 14y agoIt allows you to avoid having people push up the price of your auction with false bids. For higher value sites it gives you a chance to confirm the buyer is able to pay.
- chrsstrm 14y agoI just went into my account and checked... If you don't accept a bid, it automatically rejects it after 72 hours. What is the point of accepting a bid below your reserve price or expiring bids after 72 hours on a 30 day auction? Lots of messages from users wanting to know why I "rejected" their bids and I didn't know what to tell them. I understand measures to prevent artificial price inflation, but anytime bids started becoming competitive, they would start to expire.