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Bidding

Hi all, 

 

I have a question about bidding. If I bid on a idem, for exsample $100.00's,  Now lets say the winning bid is $101.00 's. Do I lose my $100.00;s?  I mean if the winning bid of $101.00's  is paid in full by

the person with the winnig bid, do I lose my money?  Is my paypal account going to be blilled $100.00 because I bedded and did not have the highest bid? 

 

                       Thanks in advance

 

   

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