We've been hard at work, and we're proud to announce our latest feature: auctions! Although we can't prove that we invented the concept of auctions (although our media team is hard at work figuring out how to do just that), we'll say it anyways. Guys, we just invented auctions!
To kick it off, how about an auction for a Golden Frying Pan with a $100 starting bid? Check it out!
Just like the real world, auctions are best for items whose price isn't concretely known ahead of time. With that in mind, in the beginning, we're restricting auctions to the following items:
We will, of course, be expanding this list to include more types of items as time goes on. Additionally, we will add support for auctioning items from games other than TF2 soon.
We put a large amount of thought into the pricing structure for auctions, and in the end, we decided that the best solution was to go with what we already know works.
Therefore, auctions have the same 10% commission as any other sale on Marketplace.tf.
Before placing any bids, you'll need to add your phone number to your account. This is to prevent abuse of auctions and provide a safe environment for everyone. We will never spam you or sell your data.
When you place a bid with a card, you will not be charged unless you win. When you win an auction, you will have 48 hours to return to Marketplace.tf and pay for the item you won. Failure to pay within 48 hours will result in a permanent ban from placing further bids.
Additionally, to bid with a credit or debit card, you must add a card to your account that meets our verification requirements:
We understand that these requirements may inconvenience some bidders; unfortunately, these measures are necessary to prevent fraudulent transactions.
Bidding with PayPal will be available in the future.
If you have Wallet Funds on your Marketplace.tf account, which are obtainable either by selling items or by purchase, you may bid with that instead of a card.
When you place a bid with Wallet Funds, we will deduct your maximum bid from your balance immediately. This will be refunded if you are outbid.
If your winning bid is lower than your maximum bid, the difference will be refunded to you at the end of the auction.
Note: if you opt to purchase Wallet Funds to bid with, please be aware that they are NON-REFUNDABLE. For this reason, we do not recommend that you purchase Wallet Funds to place bids.