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Newsletter
Auction sniping is one of the greatest annoyances faced by online auctioneers. For those ones who don’t know what sniping is, it's the practice of waiting until the last moment of an auction to place a bid, so as to prevent other bidders from competing and driving up the price. It is possible for sniping to be carried out both manually, and automatically by the software. Sniping often results in items selling for a dramatically smaller amount of money than they would have done otherwise and thus represents a significant problem on Internet auctions. Fortunately, there are a number of ways to discourage sniping and even prevent it entirely.
If a bid is placed during the final moments of an auction then the auction can be extended for a specified amount of time. This gives other bidders a chance to compete with any snipers and prevents snipers from automatically winning an auction. Your vehicle is therefore much more likely to reach a fair price. An overtime period can even lead to bidding wars that elevate the final price far beyond what was expected. This method of prevention is not flawless. Snipers may simply wait till the end of the overtime period to make their final bid. Go-Bid.co.za overtime feature can overcome this problem by allowing bidding to carry on indefinitely until no additional bids are placed for a certain amount of time.