A bid increment table sets the rules for how bid amounts increase incrementally after each bid is placed.
Assume the following bid increment table
Low Range | High Range | Step |
0 | 100000 | 2500 |
100000 | 5000000 | 10000 |
Amounts in the bid increment table should be thought of as currency units and should therefore represent minor currency units.
Let’s assume that this bid increment table belongs to a sale that accepts USD as currency then it reads as follows:
- From $0 - $1,000: Increment each bid by $25
- From $1,000 - $50,000: Increment each bid by $100
If the bidding exceeds the highest HighRange specified in the last rule, then each subsequent bid will be incremented by the step value of the last rule.
Valid Bid increment tables
Each entry in the table must satisfy the following conditions
- Both its LowRange and HighRange values must be evenly divisible by the Step value.
- The LowRange value for Rule N must match the HighStep value of Rule N-1. Unless it’s the first rule.