v8vega wrote:As I understand sniping it's bidding a little more than the high bid at the last second so no one has time to up the bid. I believe it's baloney, I put in my highest bid and eBay automatically and instantly raises my bid the second someone else ups the bid up to my max amount. You ain't going to beat eBay.
You need to get yourself a tutorial on Ebay bidding. First, there is NO way of someone knowing what your high bid is (unless they have hacked Ebay, which I seriously doubt, but anything is possible).
For example if you are the under bidder and your max bid is $500 for an item and I put in a snipe for $2000, my winning bid will be one bid increment above your$500 bid. The bid increments are preset by Ebay and increase as the bidding amounts rise. There's a table of them somewhere on the Ebay site. Let's say for the sake of this example the bid increment at the $500 level is $10. My winning bid will be $510, but may max bid was 2K, so you didn't have a snowball's chance in Hades of winning the auction. You think you lost the auction by $10, but you actually lost by $1500.
You are correct about Ebay.....they will get their percentage.