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Article # 5 URL: http://www.aquabid.com/faq/index.php?a=5 Category: General What is the Bid Increment? The Bid Increment ($1 is the default increment) raises the bidding each time by that minimum amount (you can always bump it up even higher or enter a Proxy Bid, in which case the system will bid either the bid increment or enough of your stated amount to make you the leading bidder. The purpose of the bid increment is to keep someone from outbidding you by some silly amount like $.01. It protects you and assures the seller of getting a decent return if the item is hotly contested. |