Bid rejected for being too high? | Buying

midnight_monster · 2024-11-13T20:42:20.331000Z

The listing: $9.99 auction with $25.95 BIN I saw the listing with only about 20 seconds left and I could see that 14 others were watching. Since there wasn't enough time to go through the BIN checkout process before the listing ended, I bid $28 in the last few seconds in case someone else threw in a bid at the last second. I received an error message that said my bid is too high and that I can save money by bidding lower. By this time, the listing had ended with 0 bidders and no sale. Here is the confusing part: I contacted eBay to ask why my bid was rejected and they said that an item can only sell for up to the buy it now price, even if there are other bids. This means the seller sets a maximum price they are willing to accept. This sounds counterintuitive. When did this policy start and what is the logic behind limiting the maximum price of an item? Here is an excerpt from the chat:07:40:53 UTC midnight_monsterFor future reference, auctions with buy it now can only go up to the price of the buy it now? For example if someone had bid $22 I would only be allowed to bid up to $25.95 and a $26 bid would get rejected? 07:42:58 UTC Erika DanielleThat is absolutely correct.

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