Belt Auction

Question about automatic bidding on ebay?

I read the help page, and it says when you bid you enter the maximum amount you are willing to pay for the item. So here's an example: Bob is trying to set up automatic bidding. The maximum amount he wants to pay is $25.00. The starting bid for the item is $5.00. Trying to set up automatic bidding, he places a bid for $25.00. Does that make his bid $5.00, then keep bidding for him until the amount reaches $25.00? That's what the help page said. Is that correct?

Public Comments

1. more or less how it works ye
2. Yes,his maximum bid will be $25 when the auction reaches that point.He can win sooner for say $21.
3. yes as it states unless someone pays 26
4. yes. if you win, you may not be paying your maximum bid. i've done it and always got it for less then the maximum.
5. Don't forget that someone else can bid too. If the starting bid is $5 and someone has already bid $20, the screen will still show $5. Then second bidder comes along and bids $6. eBay's auto system clicks in and still shows bidder #1, but now with a high bid of $7. 2nd bidder nibbles away, bidding $1 more than shown until the bid gets to $20. Bidder #2 is convinced the seller is bidding against him because he knows no one else could be watching the bids so closely.
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