What is timed bidding?

Online auctions have a timed bid component to ensure a fair bidding process. With timed bids, the end time of the lot is extended by a maximum of 10 minutes if a bid is placed on the lot within 10 minutes of the lot end time. If no additional bids are placed within 10 minutes of the end time, the lot expires and the highest bidder is awarded the lot. Timed bids provide all buyers with a fair opportunity to win the lot, and ensure an overall fair bidding process.

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