Now the question is do buyers bid for a higher price to win the product. What is the point in biding for a higher price. Just imagine you go to a shop, ask for the price and then tell him that you want to pay more for the product. do you do that? don't you love to negotiate with the seller to reduce the price, then why should you not get that opportunity buying online. why shouldn't you bid to reduce the price and win the product. At all auction website - take it ebay, or any penny auction websites the buyer is always asked to bid and increase the price. when the auction is over the winner is the person who has paid the highest price. buy at www.bestebazaar.com - its exactly what is happening. your each bid reduces the current value of the product and then you decide if you want to buy at that price. here the winner is the person who has bought the product which is lower than the market price. I would like to have comments on this. does the buyer love to bid to increase the price.
there is only those person which have richer they can bid above the market price and those which need its emergency