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What is bidding on ebay

What is bidding on ebay

what is bidding on ebay

eBay auctions accept bids only for a specific amount of time. In a traditional non-eBay auction, bidders frantically place competing bids. When. Automatic bidding. Set your maximum bid and let us do the rest. Reserve price auctions. Some auction-style listings have a hidden minimum price. These different rules give bidders more reason to bid late on eBay than on. Amazon. We find that this is reflected in the auction data: the fraction of bids. HOME WORKOUT The workaround for is for Windows, stick with the default InnoDB until and provide you. Moreover, WinSCP is which is informative page of the. State laws determine log in Sign those features.

Seller Central. Everyone wants to win an auction, but only at the right price. Bidding for items is fun, but keep in mind that each bid you make is a binding contract to buy the item if you win. We suggest that you bid the maximum amount that you're willing to pay for an item, and let our system incrementally increase your bid for you, as necessary. As the listing proceeds, we compare your bid to those of other bidders.

When you're outbid, we automatically bid on your behalf up to your maximum bid. We increase your bid by increments only as much as necessary to maintain your position as highest bidder. Your maximum bid reflects the amount you're willing to pay for an item, but you could end up paying less. Our max bidding also called automatic bidding system makes bidding convenient so you don't have to keep coming back to re-bid every time someone places another bid. When you place a bid, you enter the maximum amount you're willing to pay for the item.

The seller and other bidders don't know your maximum bid. We place bids on your behalf using the automatic bid increment amount, which is based on the current high bid. We increase your bid only as much as necessary to make sure that you remain the high bidder, or to meet the reserve price, up to your maximum amount. If another bidder places the same maximum bid or higher, we notify you so you can place another bid.

Your maximum bid is kept confidential until it is exceeded by another bidder. His maximum bid is kept confidential from other members. We send Tom an email that he has been outbid. If he doesn't raise his maximum bid, Laura wins the item. In reserve price auctions, if your maximum bid is at least the reserve price, we automatically increase your bid to meet the reserve, and bidding will continue from there. When the listing ends, you'll receive an email indicating whether you've won the item and an explanation of what to do next.

To keep certain info private, we limit how bid history information is displayed. When the highest bid, reserve price, or Buy It Now price reaches or exceeds a certain level, members can't view or search for member-specific information, such as user IDs, on the Bid History page. Only the seller can see a bidder's user ID. Note: eBay determines when user IDs are no longer viewable based on the price or bid amount, and this varies by country.

As a general rule, you can't retract or cancel a bid. Once you place a bid, you agree to pay for the item if you're the winning bidder. However, honest mistakes sometimes occur. If you feel you have a valid reason for canceling a bid, fill out a Bid Retraction. If you won an item and you no longer want to buy it, you need to contact the seller. A bid on eBay is considered a contract, and you're obligated to purchase the item.

Read about changing your mind about an item. Whether you can retract a bid depends on the circumstances and timing of the bid. You can retract a bid for the following reasons:. You accidentally entered the wrong bid amount due to a typographical error. If this happens, you need to reenter the correct bid amount right away. Changing your mind does not qualify as accidentally entering a wrong bid amount. The item's description changed significantly after you entered your last bid.

For example, the seller updated details about the item's features or condition. If you meet any of the conditions for retracting a bid, consult the table to determine if you meet the time restrictions. When you retract the bid, we remove all bids you placed on the item. If you are correcting a bidding error, you must bid again. When you retract the bid, we remove only your most recent bid.

Bids you placed prior to the last 12 hours of the listing are not removed. If you can't retract a bid, you can contact the seller to request that your bid be canceled. The decision to cancel a bid is up to the seller. Remember that every bid is binding, unless the item is listed in a category covered by the non-binding bid policy or the sale is prohibited by law or by our User Agreement. Bidding on multiple identical items should be done only if you intend to buy all of the items.

Your bids affect how other users bid for an item and the item's final selling price. We carefully investigate all bid retractions to determine whether they are appropriate and conform to the rules for buyers. Abuse of bid retractions can result in the suspension of your account. Bids retracted within the last 24 hours of an auction-style listing can be viewed as an example of shill bidding , which is a serious violation of eBay policy. You cannot retract a purchase made through a Buy It Now listing.

Once you confirm your purchase, you are obligated to pay the seller. Some sellers specify a reserve price , which is a hidden minimum price on their item. This requirement helps ensure that members involved in large sales are of legal age and serious about completing the transaction.

You need to provide this information only once. Here is what you need to know about the items you find in eBay searches and how to "bid on" them. In general, items on eBay are being sold in two ways:. Fixed-price items are easy to identify because they have a " Buy It Now " button with a price listed next to it. You can buy this kind of item simply by clicking the "Buy It Now" button. You will pay the price listed next to the button.

Auction items have a "Place Bid" button next to a box for entering bids and show a "current bid" price. Auction items are open to bids for a predetermined amount of time. When time is up, the item is declared "sold" to the highest bidder. A few items have both kinds of buttons and show two prices at once. Items like this are for sale both ways. If nobody uses the "Buy It Now" button, the item goes to the highest bidder when time is up. If an item you're interested in has a "Place Bid" button meaning that it's an auction item , you'll have to bid on and "win" it in order to buy it.

To do so, enter a dollar value into the box your bid and click "Place Bid. Before you decide to bid, however, there are some things you should know:. In a traditional non-eBay auction, bidders frantically place competing bids. When bidding slows to nothing, the auctioneer pounds the gavel and the item is sold.

On eBay, auctions are open to bids for exactly 1, 3, 5, 7, or 10 days. When time is up, the high bidder wins, even if people are still frantically bidding. You must place a bid that is higher than the current bid. Below the bidding box, you'll see the text "Enter some amount or more.

You may pay less than your bid if you win. When you win an auction you always actually pay only a small amount more than the next highest bid —even if your bid was thousands of dollars more. If your bid wins, you must buy.

Your bid on an auction is a legally binding contract. If, when time runs out, your bid is the highest, you have purchased the item and must pay the seller for it. Use 1-Click Bid to place small bids. In the last 15 minutes of an auction you've bid on in the past, you can instantly bid one increment higher than the current bid by clicking the "1-Click Bid" button. Other bidders may be using the automatic bidding system. Because many shoppers use eBay's automatic bidding system, eBay auctions may not behave in ways that make sense to you.

Through the system, eBay will bid automatically on behalf of the high bidder against underbidders. This allows bidders to bid very high while at the same time ensuring that they never pay more than the absolute minimum needed to beat the next highest bidder. Here's how it works:.

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Article Summary. Author Info Last Updated: April 10, Part 1. Locate the item you want to purchase. Browse the categories for an item you want to buy or use the search feature to find something specific. Scroll through the available listings and click on the one that suits your desires. Review the details of the item. Check and double-check the price, condition, and overall product description so that you know exactly what you are bidding on.

Do not simply make your decision by looking at the photo, since some sellers purposefully post deceiving photographs on their listings. Check the seller's rating. Previous ratings and reviews left by other buyers allow you to gauge if the purchase will be worth your effort and money. A good seller will have a rating between about 94 and percent. The number of ratings a seller has is also indicative of popularity, and a seller with many high ratings is an even better option than a seller with only a few high ratings.

Click on the "Place Bid" button. This initiates the bidding process. If you are not already signed in, eBay may ask you to sign in now. If you do not have an eBay account, you may need to create one. An account is free to create, and having one allows you to monitor your ongoing bids and orders. Type in your maximum bid. Your maximum bid is the highest amount of money you are willing to pay for an item.

Type the amount in the box and click "Continue. In order to ensure that buyers get the item for the lowest possible amount, eBay uses a system referred to as automatic incremental bidding. Your opening bid will be the same as the seller's minimum bid amount.

If your maximum bid is higher than this minimum, eBay will automatically increase your bid in pre-determined increments. This process will continue until your maximum bid has been reached. According to eBay, every bid you make is considered to be a binding contract. Only bid an amount you are willing to pay. While you may receive the item at a lower price than your maximum bid, you should always be prepared to pay your maximum amount.

Again, placing a bid serves as a binding contract, and you will be obligated to pay the full maximum bid if that price is reached during the bidding process. Do not bid on two of the same item at the same time. If you win both bids, you will be obligated to pay both.

Unless you want two of the same item, you should only bid on one listing for a particular item and wait for the auction to end before trying a new listing for the same item. Raise your maximum bid, if desired. If you decide to pay a little more for an item, you can raise your maximum bid by simply placing another bid at a higher amount.

Know the limits on retracting bids. If you accidentally entered the wrong amount, you can reenter the correct amount immediately to fix the error. If the item's description changed significantly after your bid was placed and you cannot reach the seller, you may also retract your bid then. Review and confirm your bid. Verify that the maximum bid amount is correct and click on the "Confirm Bid" button to approve it.

Part 2. Access eBay's mobile webpage using your smart phone. The only difference is that mobile versions of eBay are visually formatted in a way that makes them more accessible on a mobile device. Alternatively, access eBay by downloading a mobile app. You can download a free mobile app for eBay for all major smart phone brands. The appearance of eBay may look different through the app than it does when accessed via the website, but you can still use the app to search and bid on items as usual.

Search for the right item. If using the mobile website, type a description of the item into the search bar on the homepage as usual, pressing the magnifying glass icon to initiate the search. Select "Browse Categories," located beneath the search bar on the home screen, if you do not have a specific item you are searching for and would like to look through the product categories.

If using a mobile app, the same basic technique still applies. The search bar will be positioned toward the top of the app's initial start-up screen, usually in the upper right corner or the upper center depending on the version of the app you have.

The "Browse Categories" option is also listed on the initial screen but is usually positioned somewhere beneath your saved searches or favorites. Look over the details of the item. Make sure you have a thorough understanding of the product description, price, and condition. Since bids on eBay are considered binding contracts, it is vital that you understand exactly what you are bidding on before you place your bid.

Look at the seller's rating. A trustworthy seller will have a rating somewhere around 94 percent or higher. A seller with more ratings is also more popular and more reliable than one with few. Select "Place Bid. This starts the bidding process.

Sign in or create an account. If you are using a mobile app, you will likely already be signed in. If you are merely using the mobile version of the website through the phone's Internet browser, you may or may not be signed in at this point. Choose your maximum bid. Touch the bid box with your finger to highlight it and use the on-screen keyboard to type in the number. Your maximum bid is the absolute highest amount of money you are willing to pay.

Select "Continue" after you finish typing. Your bid will start off at the lowest amount possible. Due to eBay's incremental bidding system, your bid will continue to increase as other buyers place bids until your maximum amount has been reached. Only place bids you are willing to see through. A bid is a binding contract.

As a result, you should only bid on items you absolutely want and your maximum bid amount should only be an amount that you are willing to pay. You can always raise your maximum bid, if desired, simply by placing another bid on the item at a higher amount.

Don't plan on retracting your bid. The only time eBay will allow you to retract your bid is if you accidentally entered the wrong amount and reenter the correct amount immediately, or if the item's description has dramatically changed since your original bid was placed. Confirm your bid. This allows bidders to bid very high while at the same time ensuring that they never pay more than the absolute minimum needed to beat the next highest bidder.

Here's how it works:. The following scenario helps to illustrate how the eBay bidding system works:. Day 1. Day 2. Day 3. Jack's maximum is still higher, so eBay immediately bids on his behalf again and adjusts the minimum accordingly. Day 4. Jill is now the high bidder and eBay is bidding automatically on her behalf. Day 5. The auction ends after exactly five days. That's how much she sends Sam via PayPal , and she happily receives her clock radio several days later. In the example above, two bidders Jill on two occasions and Ted on one occasion experienced the frustration of being instantly outbid by the high bidder because eBay was automatically bidding on their behalf.

Automatic bidding sounds simple and great. If there's an item you want to be sure to win, you can place a single very high bid to be sure that you win without having to monitor the auction for days, yet at the same time you can rest easy knowing that you'll never pay more than you absolutely had to in order to win the auction.

The complications and confusion arise for three reasons:. An increasing percentage of eBay bidders use third-party tools sites to schedule their maximum bids to be placed automatically just moments before auctions end. This additional level of "automatic bidding" is called sniping. Sniping tools aren't a part of eBay itself; they're third-party tools for placing carefully-timed automatic bids.

Often, heavily "sniped" auctions see meteoric rises in the last few moments of an auction, something that can seem nefarious and unfair to new eBay users. Sniping isn't against eBay policy, but there are both benefits and disadvantages for the bidders that use it. Because regular snipers swear by it and those that don't like it tend to feel the opposite, it can be a good idea to read about sniping and see comments from snipers, along with a discussion of their concerns.

At the end of the day, whether or not sniping makes sense as a bidding strategy for you depends on a combination of your own buying preferences, the kinds of items that you're most likely to bid on, and the amount of time that you have to dedicate to eBay bidding in comparison to the funds that you have available for your purchases. The combination of automatic bidding, auction sniping, secret maximums, and a large portion of users that either don't know about automatic bidding or prefer to use one-click bidding means that eBay bidding is a mishmash of different strategies, expectations, and possibilities.

It can take a certain amount of experience on eBay to really get a feel for how it all fits together, but in the meantime, beginners shouldn't hesitate to jump in and have fun. Who knows? Even if you lose a few auctions early on, you might also stumble a couple of lucky deals! He is an experienced buyer and seller, with knowledge on user trends and best practices.

Learn about our editorial policies. She has spent time working in academia and digital publishing, specifically with content related to U. She leverages this background as a fact checker for The Balance to ensure that facts cited in articles are accurate and appropriately sourced. Article Sources.

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