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    ebay bidding question

    Hello I have a question. On ebay bidding, how does it work

    Person. 1 bids £100
    Person 2 bids £120 - bid ongoing
    Person 3 bids £130. - so far person 3 is winning.
    Timer hits 0. - bid has ended.

    Now person 3 bidder the highest so they won. BUT DO they pay £130. Or £120???

    24 Comments

    £130

    Slightly above 120 it could be 120.50 depending on the bidding increase it won't be 130 that's how far you are willing to let it go for

    Probably £121 or so.

    Original Poster

    MrMan2011

    Slightly above 120 it could be 120.50 depending on the bidding increase … Slightly above 120 it could be 120.50 depending on the bidding increase it won't be 130 that's how far you are willing to let it go for



    So. Let me get this right

    One more time

    Person. 1 £2
    Person 2 £3 - bid ongoing
    Let's say person 3 bids £100
    Timer ends

    Now will they end up paying £100 or £3.50

    Whatever the bid increment is over the 2nd highest bid,£121 if its a pound,£125 if its a fiver,£130 if its a tenner.

    They only pay the next increment above the last bidder (not sure what the increments are), but £130 is only their max bid.

    So if person 4 came along before the end of bidding it would only show as £120+ the increment but they would have to bid over £130 to be in a winning position.

    They will pay £3.50

    markhuges

    So. Let me get this right One more time Person. 1 £2 Person 2 £3 - bid o … So. Let me get this right One more time Person. 1 £2 Person 2 £3 - bid ongoing Let's say person 3 bids £100 Timer ends Now will they end up paying £100 or £3.50



    £3.50

    Original Poster

    Bigfootpete

    £3.50




    Cool. This is great news


    So for low items which I defiantly want to win


    Why don't I just bid £50 in he last minute ? That will guarantee me winning (almost)

    But remember if someone else has already put in a really high maximum bid, you may end up paying over the odds for an item...

    markhuges

    So. Let me get this right One more time Person. 1 £2 Person 2 £3 - bid o … So. Let me get this right One more time Person. 1 £2 Person 2 £3 - bid ongoing Let's say person 3 bids £100 Timer ends Now will they end up paying £100 or £3.50



    £100 is the maximum the bidder is willing to pay so Ebay will automatically bid up to this price, in this case the bidding would've ended at slightly higher than £3 (depending how much the automatic bid increases by i.e. 50p would make it £3.50 or £1 would make it £4)
    not sure if this is the simplest way of explaining sorry!

    You could do that... but if someone has the same idea could be a very expensive item

    Mermoo

    But remember if someone else has already put in a really high maximum … But remember if someone else has already put in a really high maximum bid, you may end up paying over the odds for an item...



    Good point. Never bid more than you'd actually be willing to pay for the item because there's always a chance you might end up paying your maximum bid.

    Mark, that is what a smart E-bayer would do, the dumb ones bid well before the auction is up, so the price goes up and up.

    If you do it last minute then there is less chance someone will outbid you - not so good for the seller though (Usually me - not had much luck selling on Flea-bay).

    lou_lilys

    You could do that... but if someone has the same idea could be a very … You could do that... but if someone has the same idea could be a very expensive item



    yes, this happens when a couple of snipers have the same idea

    unless the item is rare/collectible, the way to get an item cheaply is to persevere but to stand your ground.
    e.g. if you're after an iPod touch 64gb 5th generation, search for it 'sold listings' then sort by price & postage lowest first. i tend to discount the first 20% percent because they could be imports, damaged items etc. Then I set my price. I stick to this. It may take 2 weeks, it may take a month, but if I'm not in a rush, I'd rather save the money.
    Then I'd search often - maybe every day or two, and put a reminder in for myself by putting in a low bid. When the auction's ending, the app will remind me, I'd double-check the item's description to check I'm happy with it, put in my bid in the last 10 seconds and then either win or 98% of the time be outbid and move on to the next one.

    Bigfootpete

    Mark, that is what a smart E-bayer would do, the dumb ones bid well … Mark, that is what a smart E-bayer would do, the dumb ones bid well before the auction is up, so the price goes up and up.If you do it last minute then there is less chance someone will outbid you - not so good for the seller though (Usually me - not had much luck selling on Flea-bay).


    Do it in the last 5 seconds or so...... more exciting.
    Great when you see that someone put a final bid in and you just got in there before the bidder can get another bid in.
    I think you are then called a"sniper"

    Ellie Phant

    Do it in the last 5 seconds or so...... more exciting. Great when you see … Do it in the last 5 seconds or so...... more exciting. Great when you see that someone put a final bid in and you just got in there before the bidder can get another bid in.I think you are then called a"sniper"



    Not exactly - Snipers use software to do the bidding for them - not very nice, but it pretty much guarantees you win...

    DennisG

    yes, this happens when a couple of snipers have the same ideaunless the … yes, this happens when a couple of snipers have the same ideaunless the item is rare/collectible, the way to get an item cheaply is to persevere but to stand your ground.e.g. if you're after an iPod touch 64gb 5th generation, search for it 'sold listings' then sort by price & postage lowest first. i tend to discount the first 20% percent because they could be imports, damaged items etc. Then I set my price. I stick to this. It may take 2 weeks, it may take a month, but if I'm not in a rush, I'd rather save the money.Then I'd search often - maybe every day or two, and put a reminder in for myself by putting in a low bid. When the auction's ending, the app will remind me, I'd double-check the item's description to check I'm happy with it, put in my bid in the last 10 seconds and then either win or 98% of the time be outbid and move on to the next one.

    What's also good is looking at only buy it now items and arranging by newly listed, just sit there and keep refreshing after you have chosen your preferred category. As long as you know what is a good price you know when to buy it. Always get surprised sellers wondering how I won their item after only a minute of it being listed. Only problem I have found with that method is you get a lot of people selling items that don't exist which would have been doing later by eBay if you had only waited a bit longer.

    markhuges

    Cool. This is great news So for low items which I defiantly want to … Cool. This is great news So for low items which I defiantly want to winWhy don't I just bid £50 in he last minute ? That will guarantee me winning (almost)



    So say the item is only worth £2

    and what if there's an idiot that thinks the same as OP and bids £49 on a small value item - either one of you will end up paying alm,ost £50 for a £2 item....good luck on finding some real bargains

    @OP are you serious????
    Edited by: "philphil61" 14th Dec 2014

    DennisG

    yes, this happens when a couple of snipers have the same ideaunless the … yes, this happens when a couple of snipers have the same ideaunless the item is rare/collectible, the way to get an item cheaply is to persevere but to stand your ground.e.g. if you're after an iPod touch 64gb 5th generation, search for it 'sold listings' then sort by price & postage lowest first. i tend to discount the first 20% percent because they could be imports, damaged items etc. Then I set my price. I stick to this. It may take 2 weeks, it may take a month, but if I'm not in a rush, I'd rather save the money.Then I'd search often - maybe every day or two, and put a reminder in for myself by putting in a low bid. When the auction's ending, the app will remind me, I'd double-check the item's description to check I'm happy with it, put in my bid in the last 10 seconds and then either win or 98% of the time be outbid and move on to the next one.



    I agree, Spot on!

    If you're patient you'll get a bargain

    Banned

    markhuges

    Cool. This is great news So for low items which I defiantly want to … Cool. This is great news So for low items which I defiantly want to winWhy don't I just bid £50 in he last minute ? That will guarantee me winning (almost)

    If I'm bidding for something and it goes above what I'm willing to pay then sometimes I will bid as high as it will go then retract my bid and place it again just under the max amount to spite the other bidder

    DennisG

    then either win or 98% of the time be outbid and move on to the next one.



    I use gixen and reverse your percentages. 98% successful.

    I mean often it goes above the price I'm willing to pay.
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