DangerWench answered Thursday April 13 2006, 8:55 pm: ...
If your highest bid on an item is $10, then the most you will pay for it is $10 plus shipping.
Bidding $10 doesn't necessarily mean you will have to pay $10 for it, though. If an item starts at $1 and you bid $10, but nobody else bids, you win it for $1.
If someone else makes a bid of $5 on that same item, eBay will use their proxy bidding system to automatically up your bid to the next increment (like $5.50 or something like that).
With the proxy system, you will only have to pay just enough to beat the 2nd highest bidder on any item.
And of course, if someone else bids higher than you, even by a penny, they win the item. Highest bid at the end of the auction wins. Period.
And remember, some people bid their maximum bid in the last few seconds of an auction, so always bid the maximum amount that you are willing to pay for an item, so you won't be disappointed if you are outbid. [ DangerWench's advice column | Ask DangerWench A Question ]
WTF answered Thursday April 13 2006, 8:35 pm: yes, you only pay what you bid, plus shipping
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