Bidding on ebay?

Question

ok i'm a little confused with this. Say that someone is selling an item for buy it now for 150 and you can bid and the starting price is 80 and you have to bid more than that. If im the only person that bids on the item and i bid 130 so i could be high bidder. When the auction ends would i have to pay 130 or would i get it for like 81 since i was the only one who bid?

Answer 1

You will get it for the "current price" -- and if that's only 80 dollars, that's what you pay. It doesn't really matter that you bid more -- unless someone else comes along and bids more than $80 -- then the "current price" will go up, and the ending price will be that amount.

The $130 maximum bid you put in will be used for "proxy bidding" == that is, when (or if) another bidder comes along and bids more than $80, Ebay will automatically use whatever amount is necessary from your maximum bid to "proxy bid" for you. If anyone goes higher than the maximum amount, you'll be outbid.

P.S. About Buy It Now -- it USED to be that when you placed a non-Buy It Now bid, the BIN would be cancelled out -- but they have since CHANGED THAT. The BIN will remain until the auction ends OR someone chooses to BIN.

Answer 2

The way that the bidding works is you put in the highest amount you would be willing to pay for the item, say $130.

The starting bid that will actually be submitted for the item with be the minimum amountt allowed, say $81. If someone else comes in and bids $82, then the computer will automatically bid for you the minimum amount over that, $83, and so on until the bidding ends or someone passes your max.

When the bidding ends, and you have won, then you will only pay for what the final bid that was in place was, not the maximum bid that you said you would be willing to pay. So if no one else bids, you would only have to pay the $81, not the $130.

Also, someone has bid, the risk of losing the item to buy it now, is not an option anymore.

Hope this helps.

Answer 3

You have to pay the amount you bid.

Answer 4

When placing a bid on ebay - if the starting bid is $80, you can bid only 80., however, it is easy enough for someone to swoop in and outbid you.  

So, when placing the first bid it says it starts at $80., but you go and bid the highest you want to pay, being $130.  When you go back on and look at the refreshed page it will say current bid is $80.  YOU will only be outbid when someone places a bid above your $130.  

Also - FYI - when someone has a Buy It Now, and also a low starting bid, when that first bid is officially placed, the Buy It Now goes away, and there is no fear that someone else will come and just buy it right out from under you!

Happy Bidding!

Answer 5

you would have to pay 130 for it, but you only want to bid like a dollar more as time goes to the end of the bid so you dont overbid, just keep raising the bid dollar by dollar until your the high bidder, and then at the end of the auction like 1 to 2 minutes left you jump it up 5 to 10 dollars to win the auction  the buy it now option is so you dont bid and you get it then, but yes youll have to pay the 130 because you agreed to buy the item for that price when you said bid now underneath a alert that tells you that