Jacko Posted June 29, 2006 Share Posted June 29, 2006 Guys, I was a little confused as to how exactly the automated bidding worked on Ebay (maybe its cos I'm stupid?). I'd bidded for stuff and seen the increments jump in big quanties that left me thinking, "Why didn't it just go up by a tenner rather than that £50 etc" Anyway, I mailed them and asked. Here's the response:- Hello, Thank you for writing to eBay. I understand your concern regarding setting preferences to avoid large bid increments in proxy bidding (automated bidding). I would like to advise you that there is no such preference settings in proxy bidding. Infact the system places bids on your behalf, using only as much of your bid as is necessary to maintain your high bid position (or to meet the reserve price). The system will bid up to your maximum amount. There are two exceptions if a bid jumps more than you expect. The price can rise by more than the next bid increment if you are bidding against someone who has put in a proxy bid higher than the next increment. The price can also jump higher than the next increment on a reserve price listing if your proxy is above the reserve then the price will jump to the reserve price. Sometimes a bid jumps more than you expect because of eBay's proxy bidding system. How proxy bidding works: When you placed your proxy bid, you effectively told the proxy bidding system the highest amount you were willing to pay for the item. At the time you placed your bid, another proxy bid was already in place from another bidder. When you placed your high bid, the system raised the bid amount to one bid increment over the maximum bid of the previous high bidder. An example: Say you bid on an item with a current high bid of £5.00. If you place a £25.00 maximum bid on the item, the system will automatically outbid anyone else that bids on the item by one bid increment, up to your maximum bid. So, if someone had already set his or her high bid for that item at £10.00, the system will automatically raise your bid to the next bid increment of £10.50. You would remain as the high bidder. However, if someone comes along and bids £30.00, then the bidding system would raise one bid increment above your maximum bid of £25.00. Therefore, the current bid amount would jump from £10.50 to £26.00 (one bid increment over your maximum bid). I understand that this can seem a little confusing at first. However, once you've placed a few bids on eBay, you will see that it makes perfect sense. Our proxy bidding system allows you to tell us the highest amount you are willing to pay for an item, and we'll take care of the rest! For further information on Proxy Bidding please go to the following page: http://pages.ebay.co.uk/help/buy/proxy-bidding.html I trust that this information has been useful to you. If you have any further questions please do not hesitate to contact us again. Kind regards, Evan V. eBay Customer Support ____________________ Hope that helps anyone else confused! Quote Link to comment Share on other sites More sharing options...
Liam's Z Posted June 29, 2006 Share Posted June 29, 2006 What's your latet purchae then mate? Have you spotted them wing badges Quote Link to comment Share on other sites More sharing options...
Jacko Posted June 29, 2006 Author Share Posted June 29, 2006 What's your latet purchae then mate? Have you spotted them wing badges Yeah thanks for them Liam. I've got some custom ones coming from the states along with a blue billet oil cap, that should land any day now. I may buy that one anyway, just in case. But thanks for the heads up.... Regarding Ebay, I was thinking about bidding for a Plasma TV.... just missed out in the end. Good deal, but not that bothered yet. Quote Link to comment Share on other sites More sharing options...
Liam's Z Posted June 29, 2006 Share Posted June 29, 2006 Ebay is a form of gambling you know!!! Can become addictive Quote Link to comment Share on other sites More sharing options...
Jacko Posted June 29, 2006 Author Share Posted June 29, 2006 Ebay is a form of gambling you know!!! Can become addictive erm I know, I think I've found that out! Quote Link to comment Share on other sites More sharing options...
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