eBay's "Minimum Bid Increment"
For a bid to register
on eBay, the "minimum bid increment" must be added to the current
price.
Click
here for eBay's minimum bid pricing structure.
Example: Consider an auction
where Fred and Mary are competing for the win:
|
Case 1 - Mary's High bid
Wins |
Case 2 - Mary's High Bid
Loses! |
|
The auction begins. |
The auction begins. |
|
Fred bids $100. |
Fred bids $100. |
|
Mary bids $110. |
Mary bids $101. |
|
Mary wins the auction since $110 beats $100. |
Mary's higher bid of $101 does NOT win this
time. She didn't meet the minimum bid increment of $ 1.50. Her bid will
not show up in the bidding history. |
To avoid misses due to
bid increment, bid aggressively!
|