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placed, the auction is closed and the bidder wins the item. If you win a Fixed Price Auction, you only pay the price indicated in the heading of the auction (plus delivery costs), regardless of the level the bidding reaches. 2. Cent Auction Cent auctions are the classic penny auction format. Whereby you set an auction to start at a very low amount ($0.01) and all bids increase the sale amount by one cent, 10 cents, 20 cents etc. In the typical case, players are asked to pay a non‐refundable fee each time to purchase "bids." These "bids" can then be spent on "auctions." The act of spending a "bid" on an "auction" raises the cost of the item by a fixed amount. Additionally, the act of spending a "bid" on an "auction" typically also extends the deadline of the "auction," providing an opportunity for a competing player to place another "bid", thus extending the "auction" again. The game is a brinksmanship game: each successive "bid" lowers the value of the "reward", and the last player to decide to place a "bid" and lower the value of the reward wins that reward. Once the "auction" has been won, the auctioneer collects the final cost of the item in addition to the monies already collected by selling "bids". 3. NailBiter Auction Nailbiter auctions are 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. Profits from these types of auctions will be much smaller then autobidder auctions so it is not recommended to run these types of auctions often. The reason behind offering these types of auctions is to add excitement and as a marketing tool. 4. 100% off Where an auction is marked “100% off”, the winning bidder does not have to pay the final price. That’s right: the price is zero! You just need to pay the