I'm very curious and confused on this. From what I understand, if something's starting bid is $4.99 and you bid $20, it will only use the minimum amount necessary to win. But if someone then bids.. say, $6.00, then your bid automatically goes up to $6.00. And that repeats until your maximum bid has been reached.
Can someone explain (in detail) the following scenarios?
1) An ebay item starts at $4.00. Someone decides they're willing to spend $50 for that item, so they bid $50 on it. At the end, he is the only one who bid on that item. Does he have to $4.00 or $50?
2) An ebay item starts at $10.00. A bid war goes on and you place $200. You ended up having the highest bid. Now, do you pay $200, or whatever the previous maximum was?
I'm curious because couldn't someone just bid $200 on every item they see (if the first scenaro is true)? Thanks.
2006-11-26
07:57:30
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1 answers
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asked by
Anonymous