Does the highest bid on ebay for something sells or does the seller pick the price

Question

i picked $52.00 for a ipod on ebay and then the next day it got sold to the next person for $105.00, and i'm not really sure if the buyer picked that price or the seller?

Answer 1

the seller sets a reserve price (lowest willing to sell for).

Bidder 1 bids their maximum offer

If it is more than the reserve, the current bid would be set at the reserve

Bidder 2 bids on the item, but their bid will not be effective unless they outbid your current maximum offer.

For example:

Item reserve = $50

Your maximum (willing to pay) bid: $75

Current price you would pay if won = $50

If someone bids $55, you AUTOMATICALLY bid $56 (since your max is $75)

If someone outbids you by offering $80, your offer is then discarded, and you would have to outbid their max (which isn't revealed to you) if you still wanted the item

**In other words if the seller wanted $50 for the ipod, and the highest you were willing to pay was $75, if no one else bid, you would only pay $50. If someone bid $60, you would automatically offer a dollar higher up until the other bidder offers greater than your $75.

Answer 2

The buyer picks the higher price for an ipod on ebay.

Welcome to ebay!

Answer 3

People bid what they are willing to pay.  The highest bidder wins the item.  You do not pick the price of an item.  You can bid on it.  If someone bids higher than you, they will get that item.