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What is AutoBid and how does it work?

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What is AutoBid and how does it work?

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AutoBid is an optional feature that allows you to place a bid on an item without having to be present to reduce your bid should someone else outbid you. If someone does outbid you, AutoBid acts as your agent and reduces your bid in $0.50 increments. This continues until your minimum AutoBid limit is reached.

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