Member Avatar for mangel.murti

Let say i have purchase 220 Bids for $30.80 , now i am going to place a bid for a product A, With each new bid the price goes up $0.01. is it meaning that i can place 1 to 220 any value during auction or in a deal when bidding for a product OR when placing a bid for a product your bid value should be 14 ?

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As asked, the key distinction is between the price paid to buy bid credits and the auction step that each credit causes. As pointed out, the pack price (what was paid to acquire bids) is separate from the per-bid increment the auction uses. As implied, a bid credit is consumed when a bid is placed; the site decides how much the displayed price moves when that happens (commonly one cent on "penny auction" sites).

A clear way to think about cost is with a simple formula:
Total cost if winning = bids_used * cost_per_bid + final_auction_price
Placing N bids increases the displayed price by N * increment. If cost_per_bid is $0.14 and the increment is $0.01, then placing 1 bid spends $0.14 and raises the price by $0.01. Placing all 220 credits would raise the auction price by 220 * 0.01 = $2.20; the bids themselves would have cost 220 * 0.14 = $30.80, so the total cash outlay if that produced a win would be 30.80 + 2.20 = $33.00.

Practical context and cautions: these marketplaces make most revenue from bid fees paid by every bidder, not from the final sale price. That means winning can still be uneconomical compared to buying retail. Important checks before using bid packs: site rules on bid expiration and refunds, whether a "buy now" option exists (and what happens to spent bids), auto-rebid/proxy rules, and any timer extensions. Also plan a strict bid budget and stick to it to avoid the sunk-cost trap.

Concise checklist tied to the thread: confirm which number is the purchase price per bid and which is the auction increment, compute the maximum total cost using the formula above before participating, and treat each bid credit as a nonrefundable risk unless the site explicitly states otherwise.

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Member Avatar for rproffitt

I'm going with no. Since the bid can up by 0.01 there's no reason a bid can't be 0.01 or higher amounts during the 220 bids.

I find it interesting you wrote you are buying bids. That sounds kind of scammy. When I bid on something I don't have to pay to bid. Is there something sleazy about this bidding?

Member Avatar for happygeek

Nothing sleazy about that kind of auction. There are plenty of such sites where you buy the bids which you can then use as you see fit. The idea is that you can get an item for a stupid low price. They have been around for years and years. I wouldn't use them, but they are genuine enough operations on the whole.

commented: So a middleman. I guess folk will pay for the bid as well as the product. +12
Member Avatar for happygeek

The way that these things tend to work (although it's always worth reading the rules for the actual site concerned) is that you buy a block of bids, each of which carries a bidding value. The bidding value is not the same as the price paid. In this case the bid value is 0.01 and not the 0.14 you paid for them. So if you were to place all 220 bids, the auction bidding value would be 2.20 in total.

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