You may see the terms instant bid, maximum bid, and pre-bid used when referring to bidding on Proxibid. Please see below for an explanation of each:
Instant bids are simply bids placed at the next available increment on a lot. By clicking the "Place Bid" button on a lot to place a bid at the next available amount, you are placing an instant bid.
A maximum bid is a predetermined amount that you are willing to bid up to. When you enter a maximum bid, you are telling the Proxibid application to bid on an item on your behalf. So, if you tell the Proxibid application to bid for you during an event, live or timed, you are telling the Proxibid application to participate in that event and to place bids not exceeding your maximum amount.