When you place a bid, you are entering the maximum amount that you are willing to pay for a domain. The amount of your maximum bid is completely confidential. If someone places a bid higher than the current price, Pooldomains.com will then bid automatically on your behalf and at the lowest possible bid increments until either your maximum bid amount is reached or you have regained the auction lead, whichever comes first. This continues until another participant exceeds your maximum bid, or until you win the auction. You will be notified by email if you have been outbid on a domain you are currently winning. If you have been outbid, you can return to the auction to place a higher maximum bid amount. The minimum bid in any auction is $60.
Please note: The system will only place that portion of your bid that is necessary to establish you as the auction leader. If this amount is less than your actual bid, then the remainder is held in proxy by the system and will be bid automatically on your behalf only if necessary to regain the auction lead.