Usually, the amount equals the current price plus a pre-determined bid increment . Each item is sold to the bidder offering the highest price. The amount by which the price of a lot is increased as potential buyers bid on it. Bid increments usually vary by price range. You can find the bid increment table to be used in an upcoming auction by visiting its catalog overview page .
Sellers can specify what forms of identification are required in each event.
All Live Auctions bidders must be registered eBay users and usually will need to either provide a valid credit card or pass the Equifax Alternative ID process. This premium is usually a percentage of the final price of a lot. You can find the buyer's premium percentages to be applied in an upcoming auction by visiting its catalog overview page . Often times in traditional auctions, bidders will purchase printed catalogs from the auction house. The catalog overview page features the seller's contact information, terms and conditions of sale, lot preview information and much more.