How does “Auto-Bid” work?
A. Auto-Bid 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 Auto-Bid 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 immediatly outbid by Bidder #3’s Auto-Bid, making the current high bid $9.25. Bidder #4 returns, and places a bid of $10.00, but because of Auto-Bid, the system enters a bid of $10.00 for Bidder #3 first, therefore ensuring Bidder #3 the high bidders position. This system operates automatically, at all times. You are encouraged to bid the most you are willing to pay for an item.
