Blogs On Online Auction | Liquidation & Estate Auctions | Puerto Rico - ProAuctions

Online auction websites are trending among people. This sudden increase in popularity is due to the ease with which people can participate in the auction without thinking about the geographical barriers. As everything is regulated online, there is no need for the bidder to go to the venue for participating in the auction. If you are a beginner, then you might have come across the term - reserve bids. So what is it?  If you do not have proper knowledge of the term and why it is used, then you have come to the right place. What Do You Mean By A Reserve Bid In An Online Auction?  Well, reserve bids are common to almost all types of auction. It refers to the reserve price or rate of the product, which is generally the minimum product price that a seller can accept as the winning bid. For instance, if the minimum price of the product set by the sellers is $12 then the bidder is required to place their bids above $12 and not below it. Any rate which is below $12 would not be accepte...

Online-only auctions are gaining popularity day by day. They have turned into a platform where avid shoppers are able to find everything they want and at great deals.  Besides this, it is very convenient and comfortable to sit behind your smart devices and win the commodities. Moreover, you get offers and benefits that you generally do not find at any other place. All these factors make the online-only auction more appealing. For all the people out there confused about whether to choose online-only auction or not must get familiar with the benefits it provides.  #1 Online-Only auctions - Less Expensive And Simpler:  When you buy any commodity or product from a physical store, you have to pay extra charges in the form of taxes and customs duties. These custom duties, taxes, and transportation costs are added to the overall cost of the product and make them very expensive. These things are not included in the product to win from online-only auctions. As the products are not...