Should i bid on ebay the most i would pay first?

Question

So lets say there is a toy on ebay i like. The bid starts at 10 dollars. Im willing to pay 50 dollars for this toy. Should i bid that first so it may discourage others to continue bidding? Or at the last minute if the bid went up to 20 dollars should i put in 10 more dollars this way other last minute people that bid will most likely bid a 1 or so will loose
Or does ebay work that if one person bids a dollar it goes up one, than i bid 20 and another bider bids 1 the total would be 22 dollars figuring the original number was 0?

Idk im a total noob sorry for spelling

Answer 1

If bidding starts at $10 then the first bid will be for $10. So lets assume someone has already bif 10, then the next bid will probably be $11, then 12 etc. If you put in a bid of $50 you will be shown as the highest bidder at $11. If I bid then I will be told I have to bid at least $12. Say I do bid $12, I will then be told after my bid is placed that I have been outbid, and the highest bid is now $13, and I need to bid at least $14. So I bid 14 and am told again I have been outbid and the item is now at $15 - with you still as the highest bidder. That will go on until the item gets up to your bid limit of $50.

So if no one bids $51, you have won the item. Not sure if this is still the case but at one time you could set the bid amount. ie if you were entering an item for auction, you could set the start bid at $10 and bids must be in the minimum of $5 per bid, so the item would go up in 5s.

So if you want the item and you won't be able to be watching the auction end then you are safe in bidding your limit of $50 when you are online. However there is some software available that will snipe the item in the last 30 seconds of the auction, ie outbid you without leaving you time to counter bid. This stuff is very clever and ideal if you want to win auctions.

My preference is not to bid at all, but to click on the item and tell ebay you want to "Watch" the item. Ebay will then remind you near to the auction ending, giving you time to log in and bid for the item if you wish. I find that if someone has pre bid up to say $50 and I decide to bid on the item, it encourages me to bid up to my limit to see if I can win. So if I want to bid $30 for your toy, then I will cut out at $30 leaving you as top bidder at $31. However if you had not bid, I may have just bid $11 and left the item until nearer the end time, when as I watched thinking I am winning the item, you can come in with just seconds to go and bid say $23, just to make sure you cover any pre bid I may have put in, and you will win it at just $12, a much better result for you.

So you pays your money and you takes your pick.

Answer 2

Generally the idea behind 'bidding' is that you DON'T pay anymore than you have to. Which means you might bid $50 right off at the beginning when maybe the highest anyone else would have gone is $30. The only thing gained by bidding your top price would be that you don't have to continue to stay online and keep up with the bidding.

Answer 3

If an item is currently listed at $0.99 and you bid $20.00, the current bid will be listed at $0.99. Now, if someone comes behind you and bids $5.00, the current bid would go up to $5.50, with you in the lead, as the other bidder's maximum bid was less than yours. This would keep happening, unless someone bid more than your $20.00. If someone does bid more than $20.00, then your bid would no longer be in effect. I've attached a link to an eBay for beginners list.

Answer 4

No! Just start your bidding at less than a dollar and wait when someone outbids you then you start bidding again OR just wait til the last minute and bid

Answer 5

your terrific option is to in trouble-free terms pay for it - an eBay bid is a legally binding settlement & the seller could take you to courtroom for no longer in trouble-free terms the cost of the article (what you presently owe) yet "damages" besides it is an somewhat wide term legally speaking. attempt emailing the seller, they do have the flexibility to cancel your bid & flow with the subsequent one under you, even nonetheless it is at their descression. in case you're one hundred% helpful that the define became into replaced once you placed your bid, you may touch eBay Dispute decision (examine the eBay help pages) - yet once you are attempting this & are incorrect (keep in mind each little thing is logged, dated & timestamped) then you definately would be in threat of pay AND finally end up with unfavourable comments AND be flagged as a Non-Paying Bidder. Your acceptance is each little thing on eBay & in case you intend on paying for and/or promotion there sooner or later then I strongly propose in basic terms figuring out to purchase what you legally baught. I, myself, won't purchase from those that have unfavourable comments & immediatly cancel any bids from everybody flagged as Non-Paying.