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Bid Clarification

 
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daarkstaar
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PostPosted: Sun Oct 22, 2006 8:54 am    Post subject: Bid Clarification Reply with quote

I am a bit confused about placing a "bid." Is the bid that I enter on Gixen my final bid, or is it a maximum bid? Let's say I am bidding on an ebay item that is currently at $20. I am willing to spend $30 on that item so I enter a $30 bid on Gixen. The highest competing bid near the end of the auction ends up being only $22. Will Gixen enter a bid for me that is just higher than $22, or will it automatically enter my original bid of $30?
Thanks for the help.
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mario
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Joined: 03 Oct 2006
Posts: 7126

PostPosted: Sun Oct 22, 2006 6:40 pm    Post subject: Reply with quote

Gixen will enter your maximum bid (30$), and then ebay will do the rest with proxy bidding. You will end up paying 22$ (or just above) if that was second highest bidder's bid.

In other words, Gixen does exactly the same you would do yourself manually, just at the last moment. Ebay always uses proxy bidding.

Let me know if this explanation wasn't clear enough.
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Fam
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PostPosted: Sun Jan 21, 2007 2:06 pm    Post subject: Reply with quote

Bump as this info is not found on the site. You may want to add it somewhere on the site, maybe a FAQ.
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