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What is Nail Biter auction?

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Anonymous

17y ago
Updated: 8/16/2019

On certain auction websites, they allow automatic bidding, which allows bidders to let the system look after bidding while they are absent. These sites sometimes run nailbiter auctions where automatic bidding is not allowed. This forces the bidders to stay connected and manually bid, making the auction a more stressful (and therefore, supposedly, more fun) experience, and gives all bidders a fairer chance of winning.

Most sites which use nailbiter auctions make enormous profits during other types of auctions, and only occasionally use nailbiter auctions to attract people to their sites, since the profits from these auctions will be considerably smaller.

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Wiki User

17y ago

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