Belt Auction

How does automatic bidding work on ebay?

How does it work? Also can you make it so it can pay automatically on paypal if you win with automatic bidding?

Public Comments

1. How automatic bidding works: When you place a bid, you enter the maximum amount you're willing to pay for the item. The seller and other bidders don’t know your maximum bid. eBay will place bids on your behalf using the automatic bid increment amount, which is based on the current high bid. We'll bid only as much as necessary to make sure that you remain the high bidder, or to meet the reserve price, up to your maximum amount. If another bidder places the same maximum bid or higher, we’ll notify you so you can place another bid. Your maximum bid is kept confidential until it is exceeded by another bidder. Example: 1. The current bid for an item is $10.00. Tom is the high bidder, and has placed a maximum bid of $12.00 on the item. His maximum bid is kept confidential from other members. 2. Laura views the item and places a maximum bid of $15.00. Laura becomes the high bidder. 3. Tom’s bid is incremented to his maximum of $12.00. Laura’s bid is now $12.50. 4. We send Tom an email that he has been outbid. If he doesn’t raise his maximum bid, Laura wins the item. The fine print In reserve price auctions, if your maximum bid is at least the reserve price, we’ll automatically increase your bid to meet the reserve, and bidding will continue from there. *************************************************************************************************************** Now that little segment was on the eBay help center. To say it in easier terms, basically you enter a maximum bid, say $45.00 but the current bid on the item is only $22.00, then you bid becomes $22.50 because the bid increases by 50 cents each time you bid. I hope that makes a a little sense. So now if another person bids something such as $37.00 then your bid goes up to $37.00. If someone makes a bid higher then your maximum bid ($45.00) then they become the highest bidder and until you or someone else enters a higher bid, that person is the highest bidder, meaning once the auction ends, they will win the item. Quick Tip: If you want to win an item no matter what the costs, enter a bid of two times what it is worth, once someone enters a bid it says "sorry you have been outbid" and they usually go to another auction, so if you put a higher bid you will save money. Somewhat confusing but if you grasp the concept then you win. Unfortunately you cannot make PayPal automatically pay for the item once you win it. PayPal needs you to confirm your payment and confirm the amount of money for shipping, otherwise they can get fined or even go to court for an unauthorized charge. Some of this may or may not be confusing, I am here to help, message me on here is you have any questions. Ebay name: allstoresunited