Really? More than $7 Billion Saved?
Yes. Here's how we calculated it.
The price each customer enters is the maximum that customer is
willing to pay for the item being bid on. Snipers very often
win for less than that maximum. So for each winning bid:
Amount Saved = Maximum Bid - Winning Price
Add amount saved to running total of all winning bids
The number is actually greater than reported here. eSnipe has been
around since 1999 but we've only been keeping track since mid 2000.