Quote:
Originally Posted by Ryan
Does not work on an item no one else bids on.
But, if an item is starting at $200 is say bid on twice , and the bids are $250 and $300, and I am the highest bidder, I will only end up paying around $255. The second highest bid and a bit more.
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Ah yes, you are referring to putting in a maximum bid, the maximum amount one is willing to pay. The software will automatically outbid other bidders by a small amount up to your maximum bid. But the seller (and other buyers) will not know what your maximum bid is until it is actually reached. So the seller does get the highest bid, and the buyer only needs to outbid other buyers by a small amount. The seller can set his minimum bid by setting a reserve price. All fair enough if you ask me.
H.
29-01-13, 22:29
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