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reserve bidding

Posted: Apr 03 2009 09:28 AM

[b]BS Userid:[/b] mahamithra

[b]eBay Item No.:[/b] 290304986270

Ebay is not suppose to be in control of the amount I bid. Yet you allow them to raise a bid by over £150 from the next lowest bid because of the reserve. This is not fair market. And, it seems you work for Ebay not me who pays you. I want to pay fair market not the reserve necessarily. Even if I leave a bid in excess of the reserve!


Posted Apr 03 2009 09:28 am by Gu***st

Hello M Neuman,



We have no control over the proxy bidding, reserve, and bid increments that eBay enforces. The rules of proxy bidding are explained at the link below. Please keep in mind the following.



1. The bid you are entering is a MAXIMUM. Most often you will pay less than you actually bid. See the example below.



2. eBay will only make the bid as high as it needs to be to win the bid, using its own proxy bidding system.



3. When we place the bid, it is exactly as if you placed the bid yourself, manually, 5 seconds prior to closing.



4. You cannot outbid yourself unless someone else's proxy bid comes in between you.



Example. Let's say someone bids $100 on an item, and it brings the price up to $50. If you come in and snipe with $150, then eBay will award you the win, at a price of $102.50, which is the highest bid plus the minimum bid increment. It will only win at the price high enough to win which beats other bids.



Full details on proxy bidding can be found here:

http://pages.ebay.com/help/buy/proxy-bidding.html



Information on bid increments:

http://pages.ebay.com/help/buy/bid-increments.html



Also, if you change your bid:

http://pages.ebay.com/help/buy/bidding_change_bid.html



Finally, our FAQ does a pretty good job:

http://www.bidslammer.com/help/help/minimum_bid.htm


Posted Apr 03 2009 03:13 pm by Gu***st

Ticket closed


Posted Apr 03 2009 08:40 pm by Your Friendly BidSlammer Admin

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