While creating an auction, a buyout price input box allows you to set a fixed price at which buyers can instantly purchase the product without participating in the bidding process. If a buyout price is set, a 'Buy Now' button will appear on the auction block during the live auction, enabling users to end the auction early by purchasing at the specified price.

How it works

Step 1: Go to Auction Creation

From your app dashboard, start creating a new auction.

Step 2: Locate the Buyout Price Input

During setup, find the field labeled “Buyout Price” or similar.

Step 3: Set a Fixed Buyout Price

Enter the amount at which you’d like to offer the product for immediate purchase.
This price should reflect the amount you’re willing to sell for without waiting for further bids.
This value should be greater than reserved price.

Step 4: Publish the Auction

Finalize the rest of the auction details and publish the auction.

Step 5: “Buy Now” Button Appears

Once the auction is live, a “Buy Now” button will appear on the auction block if a buyout price is set.

Step 6: Buyer Uses Buyout Option

If a user clicks the “Buy Now” button:

• 🏁 The auction ends immediately.
• 🛍️ The product is sold to that buyer at the buyout price.
• 🚫 No further bids will be accepted after the buyout.

💡 This feature is ideal if you want to offer buyers a guaranteed way to purchase the item instantly, while still allowing bidding competition until someone chooses to buy it outright.