Bidding on items with reserve price on ebay?

Question

I would like to know on a reserve price auction, if the item is at £10 lets say and the reserve price is £20, I want the item so I bid £20 does the auction price jump so it can meet the reserve price or should I outbid myself from £10 to £20

Answer 1

It will not be binding until it reaches the reserve price (by the way, minimum reserve is always £50, a seller cannot set a reserve lower than this amount).

Answer 2

This is not easy to answer but will do my best
point 1no one can put a reserve on an item of less than £50
this being the case any item with a reserve on it must be at least £50 or more
point 2 if your bid is less than the reserve it will only push the price bid to the bid increment above the previous bid no matter what you have bid the rest of your bid will sit there till someone else comes along and pushes your bid up but because the bid is under the reserve it will not win the item
point three if your bid is above the reserve then the fact that there was a reserve will disappear and the auction will continue till the closing time and be won by who ever has the highest bid
Hope this helps

Answer 3

If you bid less than the reserve, you can't win the auction. If you bid over the reserve, your bid is raised to the reserve level. The first bid over the reserve will bring the price to the reserve and from then on, things proceed as if the reserve hadn't existed. bottom line: you can't buy the item for less than the reserve. If you don't meet the reserve however, it may still pay to bid, as the seller can lower the reserve at any time during the auction, if he sees the bids not going as high as he hoped.

Answer 4

The bid will not be binding until it reaches the reserve price. If the reserve is 20, bid 20 if you want it and go from there.

Answer 5

You needless to say dont understand how ebay works and didnt subject to verify the ropes. You bidder raised his bid three times yet purely his minimum could be shown. no person else bid so he gained. that's totally valid. in case you dont choose for to sell that low, start up the bidding larger or have a reserve fee.

Answer 6

I wouldn't oubid yourself just yet in case someone else bids which will make the price go higher - wait until the last minute and put the maximum price you would be willing to pay for the item

Answer 7

the reserve price almost acts like another bidder... meaning, if your highest bid does not at least meet the reserve, then youll be notified, the bid does not change from the opening price until the reserve is met.