Starting Price vs Bid Increment vs Buy Now
- Starting Price: the amount you want to set for the opening bid on an item.
- Bid Increment: the amount you want your bid to be on an item or the integer they will increase by. A formula we recommend is: Set your FMV, Starting Price will be approx 30-40% of your FMV, and your Bid Increment will be 10% of your Starting Price. Keep in mind when you enter these into Handbid, they must be whole numbers - no $$ or decimal points.
Buy Now Price: the price you set on an item where it can be purchased outright. Understanding how a Buy It Now Price works