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I don't get it. When I put in a bet, I automatically get out bid...this is shiz

Nov 26th, 2011 at 3:36:40 PM PST by

listia explains it like this under "proxy bidding"

Listia uses a proxy bidding system. In short, the system only bids as much as it needs to in order for you to be the top bidder, up to the limit you placed.

For example, say a user places a bid of 5 credits. If the auction starts at 0 credits, the top bid will now be 1 credit since that's all it takes for them to be the top bidder. If you now placed a bid for 3 credits, they would be the top bidder at 4 credits and you would be outbid automatically. If you placed another bid for 10 credits, you would be the top bidder at 6 credits since that's all it takes for you to be the top bidder.

Placing a bid early can have great advantages. You can set the most you'd want to bid on an item so you don't bid more than you feel it's worth. If it goes over that bid, then you know it's being overpriced. It also helps when auctions result in a tie. If the auction ends and two users bid the same amount, whoever placed the bid first will be the winner of the auction.

When you bid on an item, the auction holds all of the credits you used until you're outbid or the auction ends, so planning when to bid is important. It's possible another item you want to bid on is ending soon, but your credits are being held by other auctions.

hope this helps

Nov 26th, 2011 at 6:56:45 PM PST by

Listia uses a special bidding system. It's kind of confusing but basically we don't get to see the top bidder's bid only the second highest. I guess it keeps people from penny bidding. So if your bid isn't high enough to outdo top seller than it will say you're outbid.

Nov 26th, 2011 at 6:47:16 PM PST by

Thank you! (: I now understand better cuz of y'all!!!

Nov 26th, 2011 at 10:24:43 PM PST by

FREE: Luxury Cotton Yarn - Jo Sharp Desert Garden