Reply to "Maximum bid or just enough?"

gailMember

Another newbie here, I have my eye on a certain item and a friend recommended AS highly.

So, if I understand the previous discussion, if I set my max bid in AS to $500, AS submits it to AS as a proxy bid of $500, and if the amount required to win is (for example) $250, that's what I end up paying.

If the reserve has yet to be reached and I bid $500, and the reserve is $400, do I get the item for the reserve price?

I think that's the case but I'm still a little antsy, and want to make sure I understand the process. Mostly I know it's about understanding eBay's proxy bidding process.

Also, with regards to timing, it sounds as if it's better to be a little earlier than too late, and not have your bid posted at all. Does that make sense?

Thanks in advance.

3/30/041:56 PM

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