The Stamporama Buy It Now option is a feature that offers the seller of an auction lot the ability to set a value on the auction lot that s/he is willing to take now for the auction lot. As soon as the buyer presses the Buy It Now button, the auction lot is removed from the open auction and will be closed by the auction closing program on it's next pass a few minutes later.
Things that Buyers should be aware of:
- If you place a normal bid on an auction lot that allows the Buy It Now option, someone else can come along and take the auction lot by pressing the Buy It Now button, at which point they will be the winner of the auction.
- If you place a bid on an auction lot that allows the Buy It Now option that is equal to or greater than the Buy It Now Amount, then the Buy It Now option will be triggered and you will be the immediate winner of the auction lot at the Buy It Now price.