Click Fraud Protection

BIDDING: What is a minimum bid increment and how does it affect my bidding?

Share this:

Question

What is a minimum bid increment and how does it affect my bidding?

Answer

The minimum bid increment is the minimum amount that has to be added to the current highest bid in order to place a new bid. This encourages buyers to bid larger increases in price, thereby decreasing the number of small, insignificant bids and the work required to administer them. Generally, this increase is larger for high value products.

More from FAQs from Machinery and Business Assets
© Eddisons 2017