Originally posted by Nexus
They implemented the policy to curb a rampant practice that involved people signing up and ruining the bid process by fraudulently bidding up names thousands of dollars. It may seem like a "garbage" policy, but they really did need to do something.
I'm not sure what alteration to the policy would help balance convenience to new customers, and safety for existing bidders. I'd made only one successful bid, and they increased my limit after one request (though too late for me to recover from a dropping-day outbid of $101. I had a whole day to be miserable about it, waiting for an increase that came a few days later.)
While annoyed, I'm not sure what adjustments I would suggest. If you hadn't caught it, there was a fraudulent-bid spree a while back that had people up in arms.
~ Nexus