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Re: e-bay purchasing question


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Posted by JR.Frye on February 10, 2010 at 08:25:24 from (71.7.56.19):

In Reply to: e-bay purchasing question posted by jahaze on February 10, 2010 at 07:32:23:

Try this:I will over bid an item if I realy want it:Meaning, If pocket knife last bid is $15.00
and I want it real bad I will bid once at $18.00and then make my max, bid we will say a $100.00 now we both know it is not worth that, is what you have just done was locked your bid im at $18.00 in order for some one to buy it thay have to bid more than $100.00 Will that happen maybe
but I dought it. Here is the rules on proxy bidding:
JR.Frye
*************************************************

Our automatic bidding system makes bidding convenient so you don"t have to keep coming back to re-bid every time someone places another bid.

How automatic bidding works
 When you place a bid, you enter the maximum amount you"re willing to pay for the item. The seller and other bidders don’t know your maximum bid.
 We’ll place bids on your behalf using the automatic bid increment amount, which is based on the current high bid. We"ll bid only as much as necessary to make sure that you remain the high bidder, or to meet the reserve price, up to your maximum amount.
 If another bidder places the same maximum bid or higher, we’ll notify you so you can place another bid. Your maximum bid is kept confidential until it is exceeded by another bidder.


Example
The current bid for an item is $10.00. Tom is the high bidder, and has placed a maximum bid of $12.00 on the item. His maximum bid is kept confidential from other members.
Laura views the item and places a maximum bid of $15.00. Laura becomes the high bidder.
Tom’s bid is incremented to his maximum of $12.00. Laura’s bid is now $12.50.
We send Tom an email that he has been outbid. If he doesn’t raise his maximum bid, Laura wins the item.

The fine print
In reserve price auctions, if your maximum bid is at least the reserve price, we’ll automatically increase your bid to meet the reserve, and bidding will continue from there.


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