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"Bid under asking price"

 
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gixenvixen
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PostPosted: Wed Jan 10, 2007 1:41 pm    Post subject: "Bid under asking price" Reply with quote

First, I want to tell you how much more successful my ebay purchasing experiences have been since I started using this wonderful software! Thank you for providing it for free.

What does "bid under asking price mean"? I placed a bid for 6.50 for an item where the highest bid was 6.49 (the starting bid price) and the person who bid the lower amount won. I'm sure there is a good explanation for this and I want to learn from whatever mistake I made.
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PostPosted: Wed Jan 10, 2007 1:41 pm    Post subject: "Bid under asking price"

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sigalphone
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PostPosted: Wed Jan 10, 2007 5:05 pm    Post subject: Reply with quote

Just like if you were bidding directly on ebay and not using gixen, you have to bid a certain amount over the current bid. At the price of $6.49, you would have had to bid a minimum of 50 cents higher. It would be like submitting a bid on the ebay site for $6.50. FMI, you can see ebay\'s Bid Increment policy at pages.ebay.com/help/buy/bid-increments.html.
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