What is a reserve price?
The reserve price is a price that is set by the seller. A reserve price is the minimum price a seller is willing to accept for the item. The seller is not obligated to sell the item if the reserve price is not met. The reserve price is an undisclosed amount that is not revealed to the bidders. However, if you bid above the reserve price it will inform you that the amount has been met, which is located on the item screen.
What is a proxy (maximum) bid?
Neofill features proxy (maximum) bidding.
This feature allows bidders to place the maximum amount that they are willing to pay for an item. The seller and other bidders do not know your maximum bid amount. Our system will automatically bid for you up to your maximum bid amount, which is based on the current high bid.
In the case that another bidder places a higher bid then you, we will send you an e-mail notification so that you can place another bid. Bidders using the proxy system for pre-setting a maximum bid may set that bid at any amount they choose, regardless of the prescribed bidding increment for any given item. Your maximum bid amount is kept hidden until it is over bid by another bidder.