About Reef and Bid
We built ReefnBid.com to fill the absence of an auction platform in the reef aquarium hobby and solve the pain points both sellers and buyers encounter in the fragmented auction experience. ReefnBid.com offers significant advantages over other auction sites.
Developed and used by Hobbyists
The only auction platform built and designed specifically for the reef aquarium hobby.
Low Selling Fee
Free to list. Only get charged when your item sells. No surprises and no gimmicks.
Innovative Features
We combine features our users have come to love based on years of experience in running auctions.
Easy to use
Our site is made to be easy to use, even on mobile. Our users are our priority.
How to Bid:
- Start by bidding the minimum bid, which is current bid + minimum increment. If you're the first bidder, you can also bid the starting bid.
- Current bid is the purchase price of an auction if the auction was to end now without further bids.
- If an auction has a reserve price, the winning bid must meet the reserve price to be a winner, or the auction will end without a winner. Not all auctions have a reserve price. Reserve price is not shown to the public.
- If sniping protection is enabled, any bid placed in the last minute of an auction will extend the auction end time by 1 minute. Sniping protection is set at the discretion of the seller.
- Any bid higher than the minimum bid is considered a proxy bid.
Proxy Bidding Rules
- When a user places a proxy bid, our website will automatically bid on behalf of the user by the minimum increment to ensure this user remain leader until the proxy bid is beat.
- A winner with a proxy bid always pays only what is necessary to beat the competition. If the proxy bid entered by the winner is $50, and the current highest bid is $20, with a minimum increment of $1, the winner will only pay $21.
- If there are multiple proxy bids, the highest proxy bid will outbid all other proxy bids, and the current bid is raised to the second highest proxy bid amount. The minimum bid now is the second highest proxy bid + minimum increment.
- A proxy bid will win over a normal bid when they are equal.
- When there are multiple leading proxy bid of the same amount, the one that was placed first wins.
- A proxy bid that is greater than the reserve price when the reserve is not met will automatically bring the current bid to the reserve price. For example: if current bid is $10 with a minimum increment of $1, reserve price is $20, a proxy bid of $40 would bring the current bid to $20.
- If you see a bid increase that is less than the minimum increment, it means someone has placed a proxy bid that has been beat.
How to Pay:
- Enable Auto-Pay and never have to worry about paying or checking out.
- Manual Pay: If you don't have Auto-Pay enabled, your winning items will automatically be added to your shopping cart. From there, you have 60 hours from the end of the auction of the item to pay.
- Second Chances: If payment is not received after 60 hours, the item is forfeited, and automatically added to Second Chances for the public to purchase. Second Chance items are automatically removed from the site after 14 days if not sold.
For inquiries, feedback, and support, please contact us at contact@reefnbid.com. Your feedback is invaluable as we continue to shape ReefnBid.com into the ultimate auction platform for the reefing community.