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The bid increment is the amount by which a bid will be raised each time the current bid is outdone. It is predetermined based on the current high bid.
Here is how increments are determined:
Current Price
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Bid Increment
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$0.01 - $1.00
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$0.05
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$1.01 - $5.00
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$0.25
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$5.01 - $25.00
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$0.50
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$25.01 - $100.00
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$1.00
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$101.00 - $250.00
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$2.50
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$251.00 - $500.00
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$5.00
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$501.00 - $1,000.00
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$10.00
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$1,001.00 - $2,500.00
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$25.00
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$2,501.00 - $5,000.00
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$50.00
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$5,001.00 and up
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$100.00
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A bid increment will go higher than the standard increment in two situations:
a. To meet a reserve amount
b. To beat the competing bidder's high bid.
If you are bidding against another bidder's maximum bid, your bid has to meet the other bidder's maximum bid plus one cent to become the current high bid on an item.
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