Hello,
Yes, you can verify it is working without placing snipes. Just go to Preferences (at the upper right navigation bar) and choose the "Import Watch List" option. It should import any eBay Watch List items that you have.
Of course, you will need to visit eBay and make sure to add a few items to that list, by clicking the "Add to Watch List" on the item page.
This will _not_ purchase the items. The bid amount will default to 0.00. You may also delete the items after the import.
Let us know if we can help further. Good luck sniping!
bidslammer