A max bid is the maximum amount a buyer indicates they are willing to pay for an item. Max bid amounts are confidential to the bidder.
How does the Max Bid system work?
- When a max bid is placed by a buyer, the automatic bidding system will raise the buyer's bid by one bidding increment when they are outbid.
How can you get the Max Bid?
- The maximum bid must be at least two bidding increments above the current bid to be recognized as a max bid.
Can I edit my Max Bid?
- Max bid amounts can be increased up until the item end time.
- To enter a new max bid, the amount must be at least two bidding increments above the current bid to be recognized as a new max bid.
Ex: A buyer is outbid and the new winning bid amount is $20. Since the bidding increment is $1, the buyer will need to enter a new max bid amount of at least $22.
A max bid tie goes to the first person who bid.
- Ex: Bidder 1 puts in a MAX bid of $10, but is winning for $1. Min next bid amount is $2.
- Then bidder 2 enters a MAX bid of $10.
- Bidder 1 Wins for $10 because they put in the MAX bid of $10 first.
There are no other ties. The Auto bidder will bid the next bid increment (if possible).
- Ex: Bidder 1 enters a max bid of $10, but is currently winning it for $1. Min current bid increment in $1.
- Bidder 2 puts in a Max bid in for $5.
- Bidder 2 bid will show on the bid history page for $5 and Bidder 1 will be winning with a bid of $6.
The only time a bid can be submitted for an amount less than the bidding increment is if it is a max bid already submitted.
- Ex: Bidder 1 puts in a MAX bid of $10, but is currently winning it for $1. Min current bid increment is $1.
- Bidder 2 puts in a Max bid of $9.50, next allowed bid would be $10.50, but because Bidder 1 had already bid $10 and that is more than Bidder 2's high bid.
- Bidder 1's bid is allowed and it will be the High bid at $10 and the next allowed bid would now be $11.