How do the PakaPuka ascending auctions works?
Each valid bid raises the price by 0.01. A bid in the final ten seconds resets the countdown to ten seconds. The auction closes only when its closing conditions are met.
We leave you with a brief guide so that you can start participating in our ascending auctions.
What are public ascending auctions?
Registered users can bid while an ordinary public ascending auction is open, when their bid is eligible.
Each valid bid raises the price by 0.01. A bid in the final ten seconds resets the countdown to ten seconds. The auction closes only when its closing conditions are met.
With each bid you get reward points
Valid bids in these auctions can earn reward points according to the current rank settings.
Use your reward points to redeem them for free products in our rewards store.
Bidding on ascending auctions
If less than ten seconds remain, a valid bid resets the countdown to ten seconds.
The auction price increase
Each valid bid raises the price by 0.01. A bid in the final ten seconds resets the countdown to ten seconds. The auction closes only when its closing conditions are met.
The bid credits consumed for each bid placed
The bid credit cost of each bid is shown on the auction details page.
The bid credits consumption is the amount of bid credits that will be deducted from your account for each bid you place in an auction, i.e. if an auction has a bid credits consumption value of 3, 3 bid credits will be deducted from your account for each bid you place in the auction.
Use and activate your bid assistant
The bid assistant is available for ordinary public and private auctions. Configure it on the auction details page.
An eligible assistant may bid in its configured final window of one to three seconds, within its budget and price limits.
Buy Now option
Some auctions offer a Buy Now option while they are open.
The Buy Now price and availability are shown on the auction details page when this option applies.
Winning a public auction
If you win, review the final price and order details in your account.
For delivery or any available cash exchange, consult the current terms and contact support for details.
Activate your Assistant insights
Assistant insights shows an indicative view of auction participants and bidding activity. Its figures are estimates.
Activate your Participant insights
Pro shows an indicative view of bidders and recent activity. Its figures are estimates and do not reveal real account balances.