i got a bid on something now and it says curret bid. $$. but the max bid is a different number. does that mean that if i win i pay max bid? if that were so i could place my max bid at a million so no one could get it and i woulden't have to pay that much. appreate any enlightenment. thanks.
2007-12-10 08:04:48 · 9 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Here's how bidding on eBay works:
1. When you place a bid, you enter the maximum amount you're willing to pay for the item. The seller and other bidders won't know your maximum bid amount.
2. eBay places bids on your behalf starting with the next bid increment for the auction. We'll bid as much as necessary to make sure that you remain the high bidder (or to meet the reserve price). We'll keep bidding for you until bidding reaches your maximum amount.
3. If another bidder has placed the same bid before you or a higher maximum bid, we'll let you know that you've been outbid so that you can place another bid if you want. However, if no other bidder has a higher maximum bid at the end of the auction, you win the item even if your bid doesn't go as high as your maximum bid. You could pay significantly less than your maximum price. This means you don't have to keep coming back to re-bid every time another bid is placed.
2007-12-10 08:15:13 · answer #1 · answered by Generic 1 · 3⤊ 0⤋
Maximum bid means the maximum amount you'd be willing to pay for the item. You won't necessarily win the item at that price, but ebay will bid on your behalf up to that amount.
The current bid is just that....the current bid amount.
What you're talking about....bidding a million dollars is called nuclear bidding and it's very dangerous. You never know when someone else might have that same idea and if you win, you MUST pay. You're entering into a binding contract with the seller. That concept is not original and it has been done before on ebay....so don't do it.
2007-12-10 08:12:36 · answer #2 · answered by First Lady 7 · 0⤊ 0⤋
This Site Might Help You.
RE:
what does max bid mean on eBay?
i got a bid on something now and it says curret bid. $$. but the max bid is a different number. does that mean that if i win i pay max bid? if that were so i could place my max bid at a million so no one could get it and i woulden't have to pay that much. appreate any enlightenment. thanks.
2015-08-18 21:33:19 · answer #3 · answered by Franciskus 1 · 0⤊ 0⤋
Bid Meaning
2016-10-21 23:47:31 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Max = most
It's the most you're willing to pay for that item. Auto-bid will not bid higher than that for you.
2007-12-10 08:09:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋
39
2016-03-16 22:04:47 · answer #6 · answered by Anonymous · 0⤊ 0⤋
If you max bid a million and someone bids 999,999, then u win and have to pay 1 million.
2007-12-10 08:13:08 · answer #7 · answered by gandalf 4 · 3⤊ 1⤋
I'm interested in this
2016-07-30 08:43:52 · answer #8 · answered by ? 3 · 0⤊ 0⤋
its the highest u want for the item. like the highest ur willing to pay. but i stay away from bidding cuz its too hard to win.
2007-12-10 08:12:13 · answer #9 · answered by Patrick 3 · 0⤊ 1⤋
I don't consider that to be right
2016-09-20 12:26:57 · answer #10 · answered by ? 4 · 0⤊ 0⤋