
How did I lose a bid by 9 cents ? Is there no minimum bid ?
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11-10-2014 01:58 PM
How did I lose a bid by 9 cents ? Is there no minimum bid ?
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11-10-2014 04:30 PM - edited 11-10-2014 04:33 PM
@2959robertm wrote:
Lost a bid on a 31.00 item. It said I was out bid by 9 cents. I thought there was a minimum amount it had to be?
The minimum amount is over the current high bid, it is NOT over your high amount limit.
Example: If your maximum is $31 and the current bid is $29, then if
(1) someone else bids $30.99, then the high bid becomes $31.00 (your max, and you have the high bid)
(2) someone else bids $31.00, then the high bid becomes $31.00 (your max, and since your max was set earlier you have the high bid)
(3) someone else bids $31.01, then the high bid becomes $31.01 (their max, and they have the high bid)
(4) someone else bids $40, then the high bid becomes $32.00 ($1increment over your max, and they have the high bid)
