eBay Snipers - Can you help explain something please?

No, you will only pay the next increment after the highest bid. Say for instance after the £120 bid, the next one is usually £130, sniper will automatically bid £130, 140, 150 etc., until it beats all other bids. The maximum it will go up to is £650, but it will not automatically bid that.

Yes, there is software that bids in the closing seconds. However it doesn't stop you from winning the item if your bid is the highest. eBay only uses as much of anyone max limit to win the auction. So if you bid $150 you get outbid at $151 but you would never know if that other persons max bid was $151 or $2,000. People use these bidding programs so other bidders can't watch and wait to decide if maybe they'll bid some more. My advice os that You have to decide what your max bid is and put it in. It will either be enough to win or not irrespective of anyone using snipe bidding programs.

Each time I used Goofbay sniper my Ebay account was compromised and I got bids on stuff that were not my bids. It takes ebay a while to sort it out and you need to change your ID. I'm running out of ID info that is easy for me to remember

BEWARE