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Incremental bids?

 
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Terry
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PostPosted: Tue Jun 16, 2015 8:47 am    Post subject: Incremental bids? Reply with quote

Does gixen just bid my bid or does it bid the next highest acceptable bid up to my bid. I guess I'm asking is my bid the max I want to spend or the only bid gixenis going to put in for me?
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Cupid



Joined: 09 Aug 2007
Posts: 7969
Location: Bristol, UK

PostPosted: Wed Jun 17, 2015 3:23 am    Post subject: Reply with quote

You should always set the snipe at the maximum you are willing to pay.

You may not have to pay that much though, Ebay only ever requires you to pay at most one bid increment more than the next highest bidder... or the reserve price (which is effectively just another bid, from the seller) whichever is higher.

You wouldn't want a system where Gixen only bid one increment more than the current auction price. Then you could potentially loose an auction at a price lower than you are wiling to pay, that would not be much use, would it?
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