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What is a winning bid for the online bidding process?

April 26, 2017bid bidding online process winning

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What is a winning bid for the online bidding process?

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A winning bid is the bid that is the highest bid at the end of the bidding period that meets or exceeds the Reserve Price, the bid that meets the Buy Now price or, with Absolute Bidding, the highest bid by the end of the bidding period assuming that the bidder meets the closing requirements.