What are Happybidday Reserve Auctions?

What are Happybidday Reserve Auctions? 2015-07-17T14:37:36+00:00

Happy Bid Day now offers a new kind of auction, reserve auctions. Beezid.com has done something similar in the past so we wanted to take a close look at what these new auctions mean for HappyBidDay bidders.

First, here are the bullet points on Happybidday.com’s Reserve Auctions:

  • Auction requires that a hidden reserve be met in order for the auction to continue
  • Once the reserve price is met, a notification appears to let bidders know
  • If the reserve is not met, all bids are returned PLUS 10%! That’s right, you get a 10% reward if the auction does not reach its reserve!
  • If the reserve is met, all bidders (winners and losers) get 20% of their bids back.
  • Auction items are typically high end, expensive items

When we first saw reserve auctions, we were concerned but there is real value in these auctions.

reserve-auctions

Posted in: HappyBidDay FAQs