The listing, Up to $750 Amazon eGift Card (Read Description for Details) has ended.
The highest bidder will receive a digital code for an Amazon Gift Card worth up to $750.
The final dollar value will be determined simply by dividing the final bid by 100,000. Minimum value will be $1.00 and the maximum value is $750.
*Note: An extra 10% bonus will be added for every 10 Million Listia Credits bid until the maximum value of $750 is reached.
What follows are several examples to clearly illustrate how this auction works:
Example 1 - Final bid of 499 (minimum bid) = $1.00
Example 2 - Final bid of 100,000 = $1.00
Example 3 - Final bid of 1,000,000 = $10.00
Example 4 - Final bid of 9,000,000 = $90.00
Example 5 - Final bid of 10,000,000 = $110.00*
Example 6 - Final bid of 20,000,000 = $240.00*
Example 7 - Final bid of 50,000,000 = $750.00*
Example 8 - Final bid of 60,000,000 = $750.00*
Math formulas for those interested:
FB = Final Bid
BC = Bonus Credit (Rounded down to the nearest 10%, 50% max)
FV = Final Value
100,000,000% / FB = BC
FB / 100,000 x (1+BC) = FV
Final note: Unlike other gift card bids, the higher you bid in this auction the more valuable the eGift Card becomes until you reach the maximum value of $750. Once the maximum value is reached, the auction proceeds like normal, with each bidder trying to outbid the other for the $750 eGift Card. I will purchase the eGift Card from Amazon most likely after the auction is complete unless the auction reaches the maximum $750 limit. There may be a small delay of a few minutes from the time of payment to the time of receipt; however, Amazon states that eGift Card delivery could take longer if their servers are running slowly. This is not likely, but I mention it up front as I know customers prefer to receive their items as quickly as possible, especially on a high value auction such as this one. Please feel free to ask me any further clarifying questions in the comments if needed so you can bid with maximum confidence. Cheers and happy bidding!