The ability to create “Auto-Accept rules” is a new Vinfolio Marketplace feature designed to make it faster and easier for bidders and sellers to consummate transactions. Initially only available to sellers with wine in Vinfolio Storage, auto-accept is an optional feature for sellers that automatically accepts a bid immediately after it is made provided that the bid price is equal to or above the seller’s minimum price (which is not disclosed to bidders) and other terms of the bid are satisfied (quantity, bottle size). In the event a bid satisfies the Auto-Accept rule of more than one seller, the determination of the sellers permitted to accept part or all of the bid is made by applying the following rules in order:
- Seller with the lowest minimum price for the auction item.
- Seller with the largest quantity of the wine marked for sale in the requested bottle size.
- Seller who has sold the largest cumulative gross value through the Marketplace since inception.
We’ve made this feature available so that sellers who pre-commit to the terms under which they would sell will be rewarded with first crack at new bids and the convenience of automating the acceptance process. Bidders are also more likely to get a faster response which creates a better Marketplace experience.
How do use the Bid Auto Accept Rules?
When marking their wine for sale, sellers are able to enter their optional, public ask price and their private minimum price (which is required to create an Auto-Accept rule).
In VinCellar, you'll need to mark a wine for sale. To do so, right click the chevron image next to the wine you wish to sell.
You’ll need to check the Auto Accept box to activate this feature.
And then enter your Pricing. We highly suggest setting an ask price, as it greatly increases the potential that you'll successfully sell your wine on the Vinfolio Marketplace.
Can I edit Auto Accept rules?
Yes, simply go to My Cellar, and click on the Marketplace tab
Then right click on the chevron symbol to the right of the wine name to open up the left action pop-up menu.
Click on the Edit selling details link
You can then modify an existing Auto-Accept rule, change the quantity for sale, and change your pricing.
