educate me on ebay

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Old Oct 18, 2007 | 11:54 PM
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Default educate me on ebay

i have an account but havent used it in like 3 years...i think it used to be you bid and some1 has the chance to beat you at the last second, but now you can make a bid and then place a maximum bid so if some1 tries to beat you by a dollar ebay automatically re bids for you (i think) 2.50 higher than them? is that how it works or does it automatically go to your maximum bid or what?
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Old Oct 19, 2007 | 12:18 AM
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It will run up as you go, if the current bid on an item is 2.50$ and to bid 10.00, it will usually go 3.00, if somone bids 5.00 on your 3.00 existing bid it will bump to 5.50 ect.
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Old Oct 19, 2007 | 05:22 AM
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If the auction is at $5 and I start bidding and your max is $10 the auction will go as high as my last bid. So if I stop at $7 that is how much you pay.

Ebay will not go any higher than you maximum bid. If I bid $11 it's not going to automatically bid $12 for you.
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Old Oct 19, 2007 | 08:49 AM
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The very best thing you can do is decide in your mind what the max you would pay for the item, and don't bid on it until the very last 10 seconds of the auction. Thats what works best for me. Its alittle bit of a psychological game.
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Old Oct 19, 2007 | 09:03 AM
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I never bid on anything until the 1 minute mark and I usually do two bids. I bid low the first time. If necessary, I bid my max in the final seconds.
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Old Oct 19, 2007 | 10:36 AM
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Originally Posted by ncnumber8
The very best thing you can do is decide in your mind what the max you would pay for the item, and don't bid on it until the very last 10 seconds of the auction. Thats what works best for me. Its alittle bit of a psychological game.
me too..

on the other hand. I was at my dads the other day. He gets in "bidding wars" and they just keep going back and fourth until the bid is at an insane amount. but my dads happy bc he "won" idiot.
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