|Tue Oct 29 2013 12:32:37|
Why Won't eBay Let You Reduce a Maximum Bid?
By: Ina Steiner
This question in the headline caught my eye on Quora, and I thought it might be something online sellers would like to weigh in on: Why Won't eBay Let You Reduce a Maximum Bid?
The question is clearly written from a buyer's perspective. The poster added, "As long as the system hasn't bid more than you wish to reduce your bid to, it doesn't seem like allowing this would be an issue."
Here is eBay's help page that explains automatic bidding. And About.com has a nice short guide on Understanding eBay Bidding, where it states, "You may pay less than your bid if you win. When you win an auction you always actually pay only a small amount more than the next highest bid-even if your bid was thousands of dollars more."
How would you answer a buyer who asked you this question? (Could such a feature possibly encourage buyers to place more bids, or higher bids?)
Some of you might be asking, what is Quora? Mark O'Neill gave a great explanation of what this site is and how online sellers could use the site in this EcommerceBytes Update article from a year ago.
Let us know what you think of the original question and the response from another Quora user on that page. And do you sell in the auction format on eBay anymore - how has it changed?