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*BID WAS HIGH BUT YOU DIDNT WIN? READ THIS BEFORE POSTING!

 
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samhaincollector
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PostPosted: Wed Mar 28, 2007 5:33 am    Post subject: *BID WAS HIGH BUT YOU DIDNT WIN? READ THIS BEFORE POSTING! Reply with quote

Alot of you ask Why Did I NOT win my bid it was "x" cents/dollars/pounds higher then the winning bidder etc etc......

READ THIS Smile


The bid increment is the amount by which a bid will be raised each time the current bid is outdone. It is predetermined based on the current high bid.

Here is how increments are determined:


Current Price Bid Increment

$ 0.01 - $ 0.99 - $.05


$ 1.00 - $ 4.99 - $.25


$ 5.00 - $ 24.99 - $.50


$ 25.00 - $ 99.99 - $1.00


$ 100.00 - $ 249.99 - $2.50


$ 250.00 - $ 499.99 - $5.00


$ 500.00 - $ 999.99 - $10.00


$ 1000.00 - $ 2499.99 - $25.00


$ 2500.00 - $ 4999.99 - $50.00


$ 5000.00 and up - $100.00


Note: A bidder may be outbid by less than a full increment. This would happen if the winning bidder's maximum bid beats the second highest maximum by an amount less than the full increment.

A bid increment will go higher than the standard increment in two situations:

To meet the reserve amount
To beat a competing bidder's high bid
If you were bidding against another bidder's maximum bid, your bid had to meet the other bidder's maximum bid plus one cent to become the current high bidder on the item.

Sometimes the auction page for an item will show that there are 2 bids, yet there is only one bidder. This happens when a member places more then one bid to increase their maximum bid amount. For example, if you are the first bidder on an item and you place a second bid to increase your maximum bid amount, the item page would show the current high bid at the opening bid amount, but would show that two bids have been placed on this item


Taken from:
pages.ebay.com/help/buy/bid-increments.html


Hope this helps.

-Samhain Collector
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10mgvalium
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PostPosted: Mon Oct 15, 2007 2:22 pm    Post subject: hmm Reply with quote

This is great info. I think it should be stickied!
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juangrande



Joined: 09 Aug 2007
Posts: 886
Location: San Diego, California, USA

PostPosted: Mon Oct 15, 2007 7:55 pm    Post subject: Reply with quote

This is a FAQ. See the answer to the question "I entered a bid of $101.00, but the winning bid was $100.00...".
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If you don't know where you are going, you will wind up somewhere else.
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nochkin
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PostPosted: Wed Oct 17, 2007 2:39 pm    Post subject: Reply with quote

juangrande wrote:
This is a FAQ. See the answer to the question "I entered a bid of $101.00, but the winning bid was $100.00...".

Even more, this is FAQ on many sites... but who will read it? Smile
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