Confused eBay maximum bids?!?

Question

Okay so I don't get this at all so let's say there is a chair and you bid £10.00 on it and you want to increase the bid so you put £100.00 if you do that no one else would want to buy it because its too expensive so does that make you prevent others to bid for it and you still pay the £10.00 sorry if this doesn't make any sense I don't know how to put it!

Answer 1

Your maximum bid is the highest amount you are willing to pay. As others bid your bid will jump until it reaches the maximum or will remain highest in the case of no one bidding.



So if you bid £10 for a chair and someone bids £15 you will be outbid. If no one bids your bid will be at the price of the starting bid. And if anyone bids anywhere in between then your bid will be anywhere up to and including £10. Whatever the auction ends at is the price you pay.



So if you up your maximum bid to £100 and people bid up to £50 the highest bid will remain with you and you will have to pay that price. So if the end bid is then £52 with you as the highest bidder you have to pay £52.



If no one bids then you will pay whatever the starting price was. If someone bids over the £100 you will be outbid.



The maximum bid is there so you only bid up to what you are willing to pay, but you don't need to keep typing in prices as more bids are placed. The system automatically does it for you up to the price you specify. Only you can see the maximum bid you've placed.

Answer 2

The automatic bidder will bid as little as it needs to so that you remain the winner up to your maximum bid.



If you enter a maximum bid of £100 but there are no bids and the minimum price is set to £10, then your bid will be £10. If someone comes along and tries to bid just £11 then right after it's placed your bid will be increased to £12 so you're still winning. If someone comes along and tries to bid £50, then your bid would be increased to £51. If someone comes along and bids £100 then it would be theirs because the next bid - £101 - is above your maximum.



If no one else bids against you, you can end up getting the item pretty cheap even if you entered a high maximum bid. The buyer doesn't know what the maximum you entered was, nor does anyone else.



It prevents people coming in during the last 5 minutes of the auction and entering a higher bid by just £1 in the hopes you *haven't* used the automatic bidding system so that you don't have time to get back online to outbid them.

Answer 3

If i'm understanding your question correctly,the £10 bid you made would stay until someone else has bid beyond that and you will be notified that you have been outbid. For instance,if an item was started at £1.99 and you put your maximum bid in of £5.00,the item doesn't automatically go up to £5. It's only other bidders which causes the price to increase and may not even reach the £5. So if it only goes for £4.50 and you are still the highest bidder,you win it for £4.50. You put in what is the maximum you are prepared to pay and ebay do the bidding for you.. I hope i've answered your question..

Answer 4

Please bid only what you are willing to pay.



If this is a plain auction (no reserves) that starts at 10.00, then it won't matter that you bid 10.00 and then 100.00. While the bid count will show as 2, the bid that is visible will continue to show as 10.00. No one else will know that you bid 100.00--unless of course, they also bid 100.00 or higher.



You cannot scare other people away by incrementing your bid. Even if I see the bid count go up, you could have bid 10.01, so big deal.

Answer 5

You bid the most you are willing to go to. No more.

Other bids less than yours will be beaten. But remember, if someone else bids £99, you end up paying £100. That is why you only bid your maximum.

Of course, if the nearest lower bid is £20 for example, you will win the bid with £21.

But it's fair because no one else knows what your maximum bid is.

Does that answer it?

Answer 6

no1 will know your maximum bid the actual bid will only increase if some1 bids higher that yours all the way up to 100 you will only pay the end bid so yes it may well be only 10 pounds

Answer 7

do you mean the automatic rebid if someone bids more than you your ebay account will automatically rebid until you reach the limit set