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I entered a bid of $101.00, but the winning bid was $100.00 and Gixen says BID UNDER ASKING PRICE. What happened?

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I entered a bid of $101.00, but the winning bid was $100.00 and Gixen says BID UNDER ASKING PRICE. What happened?

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According to eBay bid increments rules, your bid had to be at least $2.50 higher than current highest bid.

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