Charge Per Bid
Sell bid credits and charge participants for each bid placed during penny auctions.
How Charge Per Bid Works
1
Customer purchases a Bid Package from the Shopify store.
10 Bid Credits
50 Bid Credits
100 Bid Credits
Unlimited Bid Access
2
Bid credits are added to the customer's account.
3
Each bid placed consumes credits according to merchant settings.
4
Customers compete throughout the auction using their available bid credits.
5
The highest bidder when the auction ends wins the item.
Example Scenario
Package Purchased
50 Bid Credits
Credit Value
$0.50
Credits Used
38
Credits Remaining
12
Auction Price
$4.25
Revenue Generated
$25.00
Key Benefits
Monetize auction participation
Increase customer engagement
Encourage repeat bidding
Create exciting penny auction experiences
Flexible credit package options