Bidding on an eBay auction is all about getting a bargain price for the item you want. Once a seller names the starting price, it’s you against other buyers competing to place the highest bid before the listing ends. However, there are some tricks you can use to help win and keep your wallet happy. Here’s how eBay bidding works.
Read more: Five best auction apps for Android
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To place a bid on eBay, wait until the auction-style listing is about to end, then enter the maximum amount you are willing to pay and click Place Bid.
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How to bid on eBay
eBay auctions often have multiple competing bidders, but you can increase your chances of winning by having a sensible strategy. Before you bid on an item, do some research. The goal is to find the listing that gives you the best chance of winning for the lowest possible price.
Think about how much you’re willing to pay, decide on your maximum bid, and stick to it. Never place a bid if you’re not ready to buy the item since you’ll be committed to the purchase if you win.
Tips and Tricks
You can see sold items on eBay to look at the highest bids on past auctions for similar items. Additionally, try using different keywords to see all the currently available auctions on the site. For example, try using misspelled words such as “porcelane” instead of “porcelain” in your search. If a listing title contains a typo, fewer people will find it, meaning there will be fewer bidders to compete against.
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Note what time the auction ends and how many other users are watching the item. A common tactic on eBay is bid snipping, meaning that people will try to swoop in at the last minute with a winning bid. You will see a lot of activity as auction-style listings near their expiry. On that note, it’s crucial to bide your time. By placing your highest bid in the closing seconds, you stand a greater chance of getting the item. If you see that you are outbid immediately, try bidding an uneven amount, such as $10.63 instead of $10.50. Why? Because people often set maximum limits in even numbers. More on this in the last section.
Reserve Prices
A reserve price is an amount the seller is willing to sell an item for. The way it works on eBay is if no one bids up to the reserve price, no one gets the thing. In other words, even if you are the highest bidder at the end of an auction, if you see the message “reserve not met” after placing the bid, you won’t win the item.
There are cases when a seller will lower their reserve price during an auction if they don’t see much activity. Though, don’t rely on these cases to win an auction. If an auction has a reserve price, it’s best to bid up to that amount as early as possible, so a low starting price doesn’t attract other bidders.
Consider downloading the eBay app to get notifications about auctions and place bids straight from your phone.
How to set up automatic bidding on eBay
Automatic bidding is a way of letting eBay bid on your behalf while you’re away. It’s a beneficial feature if the auction ends late at night, as it’s hard to monitor incoming bids while trying to stay awake. To set up automatic bidding, simply enter the maximum amount you are willing to pay for an item and click Place Bid. eBay will place slightly higher bids to keep you in the lead, but only up to your limit.
You’ll be notified if someone manages to outbid you so you can decide if you want to increase your maximum bid. When setting a maximum bid, don’t forget that you’ll also have to pay shipping costs. So be sure you are comfortable paying the total amount if you win the auction.
That’s everything you need to know about how eBay bidding works. If you keep these tips in mind, you’ll be winning auctions in no time. Good luck!
Read more: How to search for a specific seller on eBay
FAQs
Can I change my max bid on eBay?
Yes, you can increase your maximum bid before the end of the listing. To do this, click Bid now on the listing. Note you can’t lower your maximum bid.
Can you bid for your own item on eBay?
No, this is called shill bidding, and it is strictly prohibited on eBay. If you or a friend or family try to bid on your own items, eBay will ban your accounts.
Is shill bidding on eBay illegal?
Yes, shill bidding is not allowed on eBay, resulting in a permanent ban.
Can I cancel a bid on eBay before it ends?
Yes, you can retract a bid. Learn more here.
Does eBay show the highest bid?
Yes, eBay will show the current highest bid on auction-styled listings.
What happens if nobody bids on eBay?
If the listing ends without any bids that meet the reserve price, the seller has the option to relist the item or close the listing.
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