What are the auction rules of eBay? [Ebay Tips]

This article uses two pieces of content to explain eBay's auction rules:

The first is a conventional introduction:

eBay sellers start auctioning items by setting the starting price and online time of the items, and sell them at the highest bid amount when they are offline. The buyer with the highest bid is the winner of the item.

eBay's standard "Auction" listings work like this:

1) The seller lists one or more items for auction and sets a starting price;

2) Buyers can browse item details and bid during the auction period;

3) After the auction ends, the highest bidder buys the item at the winning bid amount.

The second is the formula solution:

The auction method adopted by eBay is proxy auction, with a bidding step of 0.5 euros. The principle is as follows:

1. The current price of a product is CP;

2. Previously, the system has accepted the highest psychological price of n buyers, which are P1, P2, ..., Pn-1, Pn in the order of bidding time; then there must be: Pn>=CP>Pn-1>Pn-2>...P1; Pn will not be displayed in the bidding record list, and the bid of the nth buyer is the system proxy quotation, that is, the current quotation.

3. The new bidder n+1 reports the highest psychological price Pn+1 that he can afford to the system: bid Pn+1>=CP+0.5;

4. The latest price of the product is NP, which is calculated as follows: if (Pn+1<=Pn)

NP=Pn+1+0.5; //At the same time, the bidder is informed that the bid is unsuccessful, but the bid record will be retained in the quotation list.

elseif(Pn+1>Pn)&&(Pn>CP+0.5)

NP=Pn+0.5; //At the same time, inform bidder n that his bid has been exceeded and will be displayed on the bid list.

elseNP=CP+0.5; //At the same time, inform bidder n that his bid has been exceeded and will be displayed on the bid list.

This is the end of the introduction to eBay auction rules. If you want to learn more about eBay auction rules, please pay attention. We will continue to answer your questions.