👉 Bid math is the process by which online marketplaces like eBay determine how much buyers should pay for items they bid on. It involves calculating the maximum amount a buyer is willing to pay (bid) and comparing it to the item's current price, known as the asking price. The platform then adjusts the bid based on other bids and seller behavior to reach an equilibrium where the highest willing bid matches the lowest acceptable price, ensuring a fair and efficient transaction. This dynamic process helps balance buyer and seller interests, maximizing sales while maintaining a healthy marketplace.
