How did I lose a bid by 9 cents ? Is there no minimum bid ?

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 ?
Message 1 of 2
latest reply
1 REPLY 1

How did I lose a bid by 9 cents ? Is there no minimum bid ?


@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)

Message 2 of 2
latest reply