A proxy bid and a maximum bid are the same
thing. To place a proxy (or maximum) bid, just enter the
maximum amount you are willing to pay. The Software will
then automatically bid up to
your maximum amount for you.
In this way, you can win the item at the
lowest possible price. Your maximum bid is
only placed when a competing bidder also bids
up to that same amount. In the case of a tie, the earlier bid will prevail.
Maximum bids are confidential, as a security feature. The application is maintained by the software and unavailble to anyone.