What is the Max Bid Feature for online auctions?
The Max Bid feature allows a bidder to ender a maximum amount they are willing to pay for an item without disclosing that amount to other potential bidders. Example: if the next required bid for an item is $50, but you are willing to pay up to $350, you enter $50 as the next required bid and $350 for the max bid. So long as nobody else bids more than $350 you will win that item, if no one else bids than you will only pay $50.
