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First timer trying to understand bidding rules

 
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grandmasterzel
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PostPosted: Wed Dec 09, 2009 3:33 pm    Post subject: First timer trying to understand bidding rules Reply with quote

I'm new to both Gixen and eBay and I could use some help understanding the bidding rules.
The Gixen FAQ appears to say that Gixen will submit my maximum bid to eBay but if I win, I'll only be required to pay the previous maximum bid plus one increment. However, I can't find this pricing rule anywhere on eBay.
Any help would be greatly appreciated!
Thanks
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mario
Site Admin


Joined: 03 Oct 2006
Posts: 6679

PostPosted: Wed Dec 09, 2009 3:40 pm    Post subject: Reply with quote

grandmasterzel,

take a look at the following two pages:

http://pages.ebay.com/help/buy/automatic-bidding.html
http://pages.ebay.com/help/buy/bid-increments.html

Feel free to ask any further questions here.
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grandmasterzel
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PostPosted: Wed Dec 09, 2009 3:51 pm    Post subject: Reply with quote

Okay, so Gixen submits it to the automatic bidding service instead of entering the max bid straight up I guess.
Thanks for the prompt and helpful response!
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Cupid



Joined: 09 Aug 2007
Posts: 6504
Location: Bristol, UK

PostPosted: Wed Dec 09, 2009 3:55 pm    Post subject: Reply with quote

Gixen submits the bid that you ask it to... eBay works out the final auction price based on the second highest bid plus one increment. So the final amount that you are due to pay may be less than the amount of your bid.
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guest
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PostPosted: Fri Dec 18, 2009 12:13 am    Post subject: change maximum bid Reply with quote

I am newbie to Gixen and ebay. According to your reply, I should put maximum bid, Gixen will help me to bid in last 5 seconds. If in last one minutes, I deccide to raise my maximum bid, I can still change it, right?
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Cupid



Joined: 09 Aug 2007
Posts: 6504
Location: Bristol, UK

PostPosted: Fri Dec 18, 2009 1:57 am    Post subject: Re: change maximum bid Reply with quote

guest wrote:
If in last one minutes, I deccide to raise my maximum bid, I can still change it, right?


You really need to have decided before that what your maximum bid is, about 2 minutes before the end of the auction is the minimum I would recommend changing an amount, otherwise the old amount may still be used by Gixen.
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mario
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Joined: 03 Oct 2006
Posts: 6679

PostPosted: Fri Dec 18, 2009 7:22 am    Post subject: Re: change maximum bid Reply with quote

guest wrote:
I am newbie to Gixen and ebay. According to your reply, I should put maximum bid, Gixen will help me to bid in last 5 seconds. If in last one minutes, I deccide to raise my maximum bid, I can still change it, right?


No - changing your bid is equivalent to deleting / inserting. Make all the changes 2 minutes in advance.
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