eBay Explained [02.16.15]

Never think, “I should have bid $1 more, I would have gotten it.” This is how eBay works.

  1. An item is listed for $15.00
  2. You bid $30.00
  3. The current bid is now $16.00 (eBay bid for you; $1 more than the listing price.)
  4. Someone else bids $20.00
  5. The current bid is now $21.00 (eBay bid for you; $1 more than the highest bid and still within your $30 bid.)
  6. Someone else bids $100
  7. The current bid is now $31.00 ($1 more than your bid.)
    You do not bid again and the other person wins the item for $31 (not $100 even though that was their bid.)

When you see a bid of $1 more than you bid, it does not mean the person who won the item only bid $1 more than you did. In this case, that person bid $100, not $31. eBay keeps bidding for you until your bid ($30) is reached. I am not sure how they calculate their bid increments. It may be more than $1 of the bid, it may be a percentage of the bid. But that’s the gist of it.

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