What is a max bid?

What Is a Max Bid?

All bids placed are in the max bid format. A max bid is the highest amount that you are willing to pay for an item and is kept private from other bidders until that amount has been exceeded. Bids are automatically placed on your behalf against other bidders until your maximum amount is reached.

Examples:

Starting bid price for an item is $2.00. Bidder #1 places a $100.00 bid. No other bids are received and the auction closes. Bidder #1 will remain the high bidder at $2.00 and the rest of his max bid will be unused.
Starting bid price for an item is $2.00. Bidder #2 places a $100.00 bid and becomes the high bidder at $2.00. Bidder #3 places a bid of $50.00 and is notified "Bid Received; Higher Bid Exists." The software will automatically place a bid for Bidder #2 for $51.00 (assuming the current bid increment is $1.00) so that they will remain the high bidder.
Starting bid price for an item is $2.00. Bidder #4 places a $100.00 bid and becomes the high bidder at $2.00. Bidder #5 places a bid of $110.00 and becomes the high bidder at $101.00 (bidder #4's max bid + the current bid increment).

All bids must contain a decimal point preceded by at least one digit and be followed by two digits. eg: 2.55 (no dollar signs or comma separators).

Max Bids

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What Is a Max Bid?