Palmstreet Official
Running Live Auctions enhance engagement and create an exciting atmosphere during Live Sales. The auction feature enables sellers to list auction items for buyers to bid and close orders within a specific countdown time.
First click + Add a listing to edit the item
Next, select "This item is for Auction" to make it an auction item.
And, navigate to "Set starting price" to type in the initial bid price.
Go to "Set timer" to pre-set the countdown time (Apply the default 30 seconds or customize from 5s to 300s).
Finally, confirm each piece of information and post the auction item.
Notes:
As shown, the Snipe Mode is turned off by default yet sellers can click the Snipe Mode button to turn it on. when snipe mode is not activated, in the event of a new bid within the final 10 seconds, the countdown timer will reset. However, once the Snipe Mode is on, the timer will not reset even if someone places a new bid in the final several seconds.
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.
Sellers can turn off the dynamic bidding increment to type in a desired fixed increment for the auction item.
Sellers can initiate an auction by navigating to the store detail page, selecting the auction item, and clicking the 'Start Auction' button.
Review the auction setup details, make adjustments to the starting price and countdown time if necessary, and commence the auction immediately with a tap on the 'Start Auction' button at the bottom.
First click the quick add icon
Select Auction to edit the auction item name, starting price, and count-down time. Then click Add&Pin to quickly list the auction item and initiate the auction.
Notes:
If sellers are willing to enable the snipe mode or customize the increment, they can click the button of Advanced Settings.
Once the auction starts, sellers will be able to track the exact number of bids placed. Everyone, including the seller, can view "Who is winning the current auction" in the pinned comment and "Who has won the auction" through a congratulatory window.
Buyers are able to view all listings for auction. However, they can not place a bid unless the seller starts the auction during the live show.
Once a seller initiates an auction, potential buyers can participate by swiping the bid button. However, if they have not completed the necessary shipping and payment information, or if Apple Pay or Google Pay is not available on their device, they will be prompted to finalize those steps before becoming eligible to bid.
Place a bid only after the shipping & payment information is completed.
After that, viewers can swipe the bid button from the left to the right to validate their bid.
If a buyer places the highest bid and is not outbid until the final second of the auction, they will win the auction. When this happens, a congratulatory window will appear for all participants, including the host, announcing the auction winner.
