Can you accept the first bid on eBay?
Each offer is valid for 48 hours or until the listing is sold, whichever comes first. With a single item listing, the first buyer to accept the offer gets the item. With a multiple quantity listing, buyers can continue to use the offer until all items in the listing are sold or the offer expires.
Do you have to pay if you win a bid on eBay?
Whether you won the item in an auction or purchased it outright via the “Buy It Now” button, it’s time to pay. eBay clearly states on its site that “Members must pay for the items they win or buy on eBay within two days of committing to the purchase.”
What is accepting a bid?
Acceptance of Bid means the letter/fax or any memorandum communicating to the Bidder the acceptance of its Bid and includes an advance acceptance of his Bid. Acceptable bid means any bid which, in all respects, complies with the conditions of bid and specifications as set out in the bid documents.
Can you end an eBay auction early if someone makes you an offer?
Can the listing be ended early? Yes. You may be charged a final value fee based on the amount of the highest bid.
Why does nobody pay on eBay?
Failure to pay for items is a violation of our abusive buyer policy. All unpaid items are recorded on a buyer’s account. Buyers who have excessive unpaid items, or canceled transactions, may have limits imposed, or lose their buying privileges.
Do you pay the second highest bid on eBay?
By bidding at the last second, you win and pay only one increment over what the next highest bidder would have bid, and no more. No matter how much you bid, you’ll never pay much more than another bidder was willing to pay.
What does one click bidding do on eBay?
1-click bidding is one of the features built into eBay designed to make life easier for users hoping to win an auction. It simplifies the bidding process so that the next bid you make jumps to the next price level automatically rather than asking you to add a new maximum bid manually.
How does automatic incremental bidding work on eBay?
In order to ensure that buyers get the item for the lowest possible amount, eBay uses a system referred to as automatic incremental bidding. Your opening bid will be the same as the seller’s minimum bid amount. If your maximum bid is higher than this minimum, eBay will automatically increase your bid in pre-determined increments.
How can I keep track of my bidding on eBay?
You can keep track of your bidding from the Bids/Offers section of My eBay. When the listing ends, the highest bidder wins the auction and pays for the item. Remember, a bid is a binding contract. When you bid on an item in an auction, you’re committing to buy it if you win.
What happens if you bid on two things at the same time on eBay?
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. Do not bid on two of the same item at the same time.