Hi
Can someone explain me logic of placing bids. I was thinking that when I set up a snipe, I'm indicating highest price in ready to pay and the app tries to bid as lowest as possible under my limit. And this is seems to mentioned in FAQ I guess. But it looks like Mybidder bid the highest from the first try.
Eg, there was an auction I didn't win due to delivery restrictions, afterwards I recieved following email

The following bid attempt was done per your request:
Item #385521200625: Lenovo ThinkPad T480s 14'' FHD Touchscreen Laptop i5-8350U, 8 GB RAM, 256GB SSD
Final price: 140.50
Snipe: 153.00

Bid step was $1. My question is why Mybidder try to bid my max price (153) not trying lowest bids.
Thanks

Your snipe is 153.00 because this is what you set it to.
If you actually did not want to pay that high and wanted a different maximum, you could specify so instead of 153.00.

You just set your absolute maximum when you set your snipe.
If someone bids higher, you will lose because of the higher bidder and everyone else can see your maximum because of that higher bidder.
If there is not higher bidder, then you would win at the lowest possible price just enough to outbid the previous bidder by one increment only.
This is how eBay works.

P.S.: btw, the bid increment was $2.50, not $1.

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Last edited on Thu Apr 13, 2023 03:02 AM.