The Importance of Proxy
Bidding
What is Proxy Bidding??
Basically, it's letting eBay
bid for you when you can't be at your computer to
place the winning bid on something.
How Proxy Bidding Works...
Let's say you find something on
eBay that you want... You're willing to pay
$25.00 for it, but the current bid price is only
$2.25. You could take the long route and sit at
your computer, outbidding each new bid until you
reach $25.00.
Thankfully, there's a
better way. Here's how it works:
- Decide the maximum
you're willing to pay and enter this
amount.
- eBay will now
confidentially bid up to your
maximum amount. In this way, you don't
have to keep an eye on your auction as it
unfolds.
- If other bidders outbid
your maximum at the end of the auction,
you don't get the item. But otherwise,
you're the winner--and the final price
might even be less than the maximum you
had been willing to spend!
Remember... eBay will use only
as much of your maximum bid as is necessary to
maintain your position as high bidder. Winning
was never easier!
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