Know About eBay Auction Automatic Bidding System

In general eBay holds two types of listings system 

• One is the Auction format listings
• Second one is the fixed price listings

Fixed Price Listings

With these listings you can shop by clicking a button, and get paid for it.

This kind of listing is easy to identify, yep this listing has a buy it now button with the price listed next to it.

It enable the sellers to easily click the buy it now button and make the pay next to listed button

Auction Format Listings

Next to bids entering you may notice the button for placing bid

The button also shows you the current bid price too.

The ebay bidding system and item pricing system is complex for the Auction listings.

The auction items are open to bids only for a predetermined amount of time.

After the particular time the item is announced as it is sold for highest bidding.

Steps To Make Bid on eBay 

Auction item is represented by a “Place Bid” button.

Once you notice that bid button there you start to bid on and also can order to buy it. 

Next you have to enter a dollar value into the box

And click on the “Place Bid.”

Below stated some other key points that you have to notice, before placing your bid, 

eBay auctions accept the bids only for a specific amount of time. 

If your bidding time is slower there you don’t get a chance of making any successful bids.

On eBay, auctions are open to bids for exactly 1, 3, 5, 7, or 10 days. 

Before the time up you have to bid on properly orelse the timelapse and you lost chance of winning in the high bidding.

Always place a bid that is higher than the current bid. 

You can see in the  bidding box the current minimum bid amount, you must enter at least this amount if you want to bid.

You may pay less than your bid if you win. 

When you win an auction you always actually pay only a small amount more than the next highest bid even if your bid was thousands of dollars more.

If your bid wins, you must buy. Your bid on an auction is a legally binding contract. 

If, when time runs out, your bid is the highest, you have purchased the item and must pay the seller for it.1

If you want to place small bids then make Use of  1-Click Bid button. 

In the last 15 minutes of an auction you’ve bid on in the past, you can instantly bid one increment higher than the current bid by clicking the “1-Click Bid” button.

Other bidders may be using the automatic bidding system. 

Let’s discuss eBay’s Automatic Bidding System.

Automatic Bidding

The preference of the automatic bidding system goes to the bidders of those who have current high biddings in their auction listing.

Automatic bidding initiate the ebay algorithm to automatically bid for you against your underbidders 

You can start your automatic bidding, by paying the maximum bid ratings.

If you entered the maximum bid than others then your bid is considered as higher than others. There you become the new high bidder. 

eBay “bids up” the auction on your behalf until the current bid is a small increment above your closest competitor’s highest bid, but no higher.

If your maximum bid is not the highest bid entered so far, eBay registers your bid but continues to bid on behalf of the high bidder, automatically outbidding you by one bid increment and no higher.

They remain the high bidder.

eBay continues to automatically bid on behalf of whoever is the highest bidder at the moment, up to and including their maximum, until auction time runs out.

Also you have to keep in mind that eBay automatic bidding is well common for everyone and your competitors as well can access this system.

Sniping

Sniping is a term referred to when the eBay bidders use any other third-party tools  or the sites to schedule their maximum bids.

This kind of bidding is placed automatically just before the auctions end up

Sometimes this kind of sniping auctions have a hike in bidding in the last few moments of an auction. This is very hazardous to the new ebay bidders.

The bidding strategy of sniping depends on the factors of

• your own buying preferences

• kinds of items that you’re most likely to bid on

• amount of time that you have to dedicate to eBay bidding in comparison to the funds that you have available for your purchases.

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