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anount bidding

 
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jenni56
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PostPosted: Sun Jun 28, 2009 7:09 am    Post subject: anount bidding Reply with quote

Hi im a real newbie to this and to ebay. I am a bit unclear as to what happens with the snipe bid. If an item has a very low starting price and someone has an automatic bid in for example $50 [we wont know that tho] and is going up in $1 increments and I decide that id be willing to pay $100 does this mean that Gixen automatically bids the whole $100 or does it just jump in at the last minute and I pay $51?
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Cupid



Joined: 09 Aug 2007
Posts: 6443
Location: Bristol, UK

PostPosted: Sun Jun 28, 2009 8:01 am    Post subject: Reply with quote

Gixen bids what you tell it to... however that doesnt mean that is what you will pay because eBay works out what the final selling price will be based on what the second highest bidder was prepared to pay... so in your example you would only have to pay $50 plus one bid increment, as you say a total of $51.

That is how eBay works.
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Last edited by Cupid on Fri Nov 13, 2009 3:15 am; edited 1 time in total
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PostPosted: Thu Nov 12, 2009 1:24 pm    Post subject: Reply with quote

And what if no one else bids and you were the only one?

Will it default to the minimum starting price?
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juangrande



Joined: 09 Aug 2007
Posts: 889
Location: San Diego, California, USA

PostPosted: Thu Nov 12, 2009 2:49 pm    Post subject: Reply with quote

Yes: if you are the only one who bids, you will win for the starting price.
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If you don't know where you are going, you will wind up somewhere else.
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PostPosted: Thu Nov 12, 2009 5:17 pm    Post subject: Reply with quote

juangrande wrote:
Yes: if you are the only one who bids, you will win for the starting price.


Thanks Bud!
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Cupid



Joined: 09 Aug 2007
Posts: 6443
Location: Bristol, UK

PostPosted: Fri Nov 13, 2009 3:22 am    Post subject: Reply with quote

All the above is true, however there is one caveat when using a sniping service to place your bids...

If there is a Buy It Now price on an auction with a lower starting price, dont schedule a snipe at an amount above the BIN price. This is because if no one else bids then eBay will probably reject the bid that Gixen trys to place for you (as it would if you tried to bid that amount manually) and no one will win the auction.
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