Auctions are an employee favorite at Hip! Feel free to check out a list of previous auctions here.
In an auction listing, sellers give a starting price for an item, and buyers bid against each other to win. You can watch the item to keep track of the bidding by clicking 'Watch This Item' on the listing page. When the listing ends, the highest bidder wins the item and completes the order.
Make sure that you read the listing description before you bid. Many of the problems buyers and sellers encounter are the result of simple misunderstandings about what is for sale and the terms of the sale. Each bid made is a binding contract to buy the item if you win. Only place bids on items which you intend to buy. You are responsible for reading the full item listing before making a bid or commitment to buy.
Placing a bid
Auctions are set for a specific amount of time, which is shown on the listing page. When the time is up, the highest bidder wins that item.
When placing a bid on an auction listing, enter the maximum amount that you'd want to pay for that item. Your bid will show as the minimum needed to beat the next highest bidder. If another buyer bids again, we'll automatically bid again for you, up to your limit. If you're no longer the highest bidder, you'll receive an email notification.
For example: If the current bid is $0.05, and you enter a bid of $0.20, your bid will appear as $0.06. If another buyer bids $0.10, we'll increase your bid to $0.11 to stay ahead. We would continue to place your bids automatically until the bid reaches $0.20. If another buyer were to bid $0.21, you'd need to increase your maximum bid to continue.
You can track all of your bids at Members Area > Buying > Bids. If you're the highest bidder, a green 'High Bid' icon will appear with the listing. Unless you change your preferences, you'll receive an email one hour before the auction closes with details on the current bid price.
Once you've won the item, the order will be automatically created for you. To pay for the order, you'll go to your Members Area > Buying and select the 'Pay Now' button associated with this specific order. We'll also send you an email notifying that you've won the item - this email will include a 'Pay Now' button as well.