Whatnot provides a unique experience to both buyers and sellers by incorporating live auctions with a livestream experience.
During a livestream, the seller can have items listed for auction, in their Buy It Now (BIN) store, or as giveaways.
You can bid on any items offered up for auction using one of the following methods:
Swipe or click to bid: Once a seller has started an auction, you can bid on that item by swiping or clicking on the Bid button. This will automatically bid an amount slightly higher than the current winning bid amount. The bidding amount will depend on the current winning amount.
Bid a custom amount: If you want to bid a different amount than the one offered using the Bid slider, you can choose to bid a custom amount or set a max bid amount you’re willing to spend on that item. If you set a max bid amount, the app will make bids on your behalf up to the max bid amount you’ve set.
Bid on an item before it goes live: You can bid on an item before it goes live in an auction. This will set a max bid amount you’re willing to spend on an item, and the app will automatically bid on your behalf up to that max bid amount when the item goes up for auction.
All bids placed before or during an auction adhere to a minimum bid increment guide. A custom bid with a smaller increment above the current price will not be accepted, and when you set a max bid these increments are followed automatically.
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