Totally new.

dt2080Member

Hi all.
I am an experienced web user, but for some reason i have never used ebay.
I have made an account on ebay, made a paypal account, put in a bid via auctionsniper, but there are a few things i don't understand.
One of the items i am bidding on is currently at £5 - highest bid. I have put in a bid of a max of £100 with 5 secs of lead. If it gets to 6 seconds away and noone else has bid, will auctionsniper automatically bid £100 or will it bid the minimum necessary to beat the previous bid. If it bids £100 it seems that it would be spending too much of my money unnecessarily. Is there a way to specify that you want the bidding to increase incrementally rather than just jumping in at the top - or is that a really dumb question??

11/23/072:27 AM

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rickMember

quote:
will auctionsniper automatically bid £100

Yes.

quote:
Is there a way to specify that you want the bidding to increase incrementally

No.

quote:
or is that a really dumb question??

Not "really".

11/23/073:28 AM

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chatterMember

Yes, it will bid the full hundred, but according to eBay's proxy bidding rules, if no one else bids any higher, you would win for six pounds, not one hundred. The bid would show as six, and no one would ever know what your max bid was. The fact that you bid using AS does not matter, as far as eBay goes, it is you bidding.

The winning bid is always one increment higher than the second-highest bid, regardless of what the actual max amount was. When you see an auction where someone wins for $48, and the second-highest bid was $47, you have no idea what the $48 winner's bid was. It could have been $50 or $500. The important thing is that the winning bid shows as just one increment above the second.

11/23/075:37 AM

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rickMember