Lower Max Bid (2024)

FAQs

Can you lower your max bid? ›

If you want to keep the price low for most of the auction, you can enter a lower figure with your first bid. To revise your maximum bid, click the "Place Bid" item again. As the price increases, so do the incremental bids, and eBay shows you the minimum bid that must be made.

Know that increasing your maximum bid while you're the current high bidder can inadvertently increase your existing bid. That's because eBay's proxy bidding software will increase the bid to the next bid increment even if the new bid is placed by the current high bidder.

Can I cancel my eBay bid? According to eBay, you're allowed to retract your bid if the seller changed the item description significantly or if you accidentally bid the wrong amount. If more than 12 hours remain in an auction, you can retract all your bids, according to eBay.

While you may receive the item at a lower price than your maximum bid, you should always be prepared to pay your maximum amount. Again, placing a bid serves as a binding contract, and you will be obligated to pay the full maximum bid if that price is reached during the bidding process.

Setting a max bid is completely confidential and private as only the bidder –not the seller – knows how much the max bid is.

You may increase your maximum bid at any time by placing a new bid greater than the amount of your previous maximum bid. You will not be outbidding yourself by increasing your MaxBid.

Bide your time. You stand a greater chance of getting the item by placing your highest bid in the closing seconds. If an auction listing has a reserve price, bid up to that amount as early as possible, so other bidders aren't attracted by the low starting price.

Automatic bidding is the easiest way to bid on an auction-style listing. Simply enter the highest price you're willing to pay for an item, and we'll do the rest.

As a seller, you can cancel bids on eBay in the following situations: when you agree to a buyer's request, when the item isn't available anymore, if you made an error in the listing, or if you're concerned the bidder might be fraudulent.

A bid is not an "offer." You have a binding contract to complete the transaction with your buyer once he makes payment. As already advised, you set the starting bid, so it's not possible for it to be too low.

What is Max bid strategy? ›

Displays a bid strategy's maximum bid constraint, which is the highest amount you're willing to bid on keywords that are managed by the bid strategy.

The bid represents the highest price someone is willing to pay for a share. The ask is the lowest price where someone is willing to sell a share. The difference between bid and ask is called the spread. A stock's quoted price is the most recent sale price.

The term "bid" refers to the highest price a buyer will pay to buy a specified number of shares of a stock at any given time. The term "ask" refers to the lowest price at which a seller will sell the stock. The bid price will almost always be lower than the ask or “offer,” price.

Most auction houses do not allow bids below the start price.

When you bid on a lot, you may choose to place a max bid (maximum bid) representing the highest amount that you're willing to pay at the moment. Our automatic bidding technology will then place bids on your behalf. It will always place the lowest bid necessary and never go higher than your max bid.

For example, if you place a bid for $50 and place a maximum bid of $100, you are guaranteed to win the item for any amount between $50 to $100 unless someone bids higher than $100. However, you will pay only as much that is required to be the highest bidder.