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AutoBid Overview

(last updated on 10/19/2011)

Our auction has a feature called AutoBid. When you place a bid, you are entering the maximum amount you are willing to pay for an item. AutoBid bids on your behalf, and always bids the least it can to win. When you are outbid, AutoBid will raise its bid. It will never bid more than your maximum.

If the auction you are bidding on is a Reserve Price auction, AutoBid will attempt to post a bid that meets the seller's Reserve Price. If it cannot, it will follow the rules stated above.

If the auction you are bidding on is a Reserve Price auction, you should check the listing after placing a bid. In a Reserve Price auction, the seller sets a Reserve Price when he posts the item. The Reserve Price is the least amount he is willing to sell the item for. If you bid does not meet the seller's Reserve, you are automatically ineligible to win the item. You can then either place a higher maximum bid or pursue some other item.

You can identify Reserve Price auctions by the red (R) in the item title and by the words 'Reserve Met' or 'Reserve Not Met' next to the Current Bid in the item listing.

After you place a bid, you should check the item listing. If the words 'Reserve Not Met' still appear next to the current bid, you will not be able to win the item. If the words 'Reserve Met' appear, your bid has met the seller's Reserve. Please note that you may need to click your browser's Refresh or Reload button to get a current copy of the page depending on your browser's caching.

AutoBid always bids the least it can to win. When you are outbid, AutoBid will raise its bid. It will never bid more than your maximum. If the item has a Reserve Price AutoBid will attempt to meet the Reserve Price. Our AutoBid feature is also referred to as proxy bidding or a 'proxy bid'.

To use AutoBid, simply enter the maximum amount you are willing to pay for the item in the bid amount field when placing a bid.

If you place a bid and the bid posted is less than what you thought you bid, it is most likely due to our AutoBid system. See our Help Center for more detailed information on AutoBid.

AutoBid works for you while you are away. Using the Bid History Chart below, bidding was started at $5.00 by Bidder #1. The next day, Bidder #2 bid $6.25. Later that day (@1:43PM) Bidder #3 placed a bid of $10.00. But because of our AutoBid feature, our system placed a bid of $6.50 (just one bid increment above Bidder #2) to make him the high bidder. Three days later Bidder #4, not knowing Bidder #3's bid of $10.00 exists, bids $9.00 @ 12:44:50. Bidder #4 is immediately outbid by Bidder #3's AutoBid, making the current high bid $9.25. Bidder #4 returns, and places a bid of $10.00, but because of AutoBid, the system enters a bid of $10.00 for Bidder #3 first, therefore ensuring Bidder #3 the high bidders position.

You are encouraged to bid the most you are willing to pay for an item.

The bidding started at $5.00.


Bidder

Bid Amount

Bid Date/Time

Bidder#1

$5.00

7/19/98 10:57:03 PM

Bidder#2

$6.25

7/20/98 10:02:14 AM

Bidder#3

$6.50

7/20/98 1:43:51 PM

Bidder#4

$9.00

7/23/98 12:44:50 PM

Bidder#3

$9.25

7/23/98 12:44:51 PM

Bidder#3

$10.00

7/23/98 12:45:20 PM

Bidder#4

$10.00

7/23/98 12:45:21 PM

keywords: autobid auto bid bid auto

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