Belt Auction

How does ebay bidding work?

Ok so I've just created an account on ebay and I'm completely confused on how the bidding works. Is there more than one type ways to bid? And also how do you know if the reserve price is met? So if the starting price is $150 and I enter a maximum price of $160 will I have to pay $160 if no one else bids or do I pay a lower price?

Public Comments

1. Most auction bids do not have a reserve, you would run into the reserve issue if you placed a bud and the system returned a message "Please bid again you have not met the reserve price" Then you must still try to bid high enough to make the price. The whole ebay thing is kind of senseless, you find a nice item at a low price $0.99 eg. and you bid $0.99 and then you can raise your bid so you have a highest bid possible bid placed, or maximum bid, $45.00 eg. So, you have locked in your bid at $0.99 and you will automatically bid by proxy until someone passes the $45 mark on the trade. Should the bid pass $45.00 you will lose that bid and then be forced to bid again even higher. Most auctions do not have a reserve as I said, some do but it costs and most people to save money will not pay that extra $0.50-$1.00 to list at the reserve. The final sale price is set once bidding ends and the seller pays listing fees and a 10% of the final sale cost to eBay. Then if you pay and give shipping money the seller pays either Pay Pal or eBay or the local shipper, USPS, UPS, FedEx, to ship and that comes out of their total they have made. You should really go to the help section on eBay and look for answers it is far easier than my answers. You can learn a lot.