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Why doesn eBay round bidding to the nearest 5 cents?

April 26, 2017bidding Cents eBay nearest round

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Why doesn eBay round bidding to the nearest 5 cents?

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eBay is a global community and has over 69 million members worldwide, who trade in many different currencies. As a result of this, bidding is not rounded up or down to the nearest 5 cents. Please be aware that eBay is only a venue. eBay is not involved in the actual transaction. When you win an item, you are obligated to pay the seller the exact amount that is shown as the high bid or Buy It Now price. If you wish to round this amount up or down to the closest 5 cents, you will need to contact the seller to arrange this. You can email a seller at any time by using the ‘Ask Seller a question’ link from the listing page.