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What is the' one-dollar auction' in Taobao?

"One dollar auction" is a branch activity of Taobao. Items reviewed by Taobao will be auctioned online at 1 yuan, just like auctions.

There are two types of auctions: single auction and dutch auction:

1, single auction features: the number of auctions is 1, and the highest bidder wins.

2. Dutch characteristics: the number of auctions is greater than 1, the highest bidder gets the treasure first, the first bidder gets the same price first, and the final transaction price of the goods is the lowest successful bid (for example, the fifth bid of the top five is the final transaction price).

Buyers need to pay a deposit when participating in the auction, as follows:

1. payment time: to participate in the auction transaction, regardless of the auction price and bid quantity involved, a deposit must be paid.

2. Payment amount: The deposit will be collected after rounding off 65,438+00% of the initial bid price. If 65,438+00% of the bids are less than RMB in 5 yuan, they will be charged according to 5 yuan. For special auction activities, we will explain them in the event.

3. Payment method: When confirming the bid of the auction goods, if there is enough balance in your Alipay account to pay the auction deposit, the system will automatically freeze the money and display it as unavailable balance in your Alipay account balance.

Deduct margin

In the following three cases, the auction deposit will be automatically unfrozen:

1. If the baby fails to bid successfully or the number of babies auctioned by the last winner in the Netherlands is insufficient, the system will unfreeze the deposit immediately after the auction;

2. After the auction is successful, the system will unfreeze the deposit immediately after the buyer completes Alipay payment in time within the 3-day transaction payment period;

3. After the auction is successful, the seller will take the initiative to close the transaction, and the system will immediately unfreeze the deposit. If the auction deposit you paid has met the thawing conditions, but the system has not been thawed, you can take the initiative to contact the seller.