|
|
|
|
|||||||
| Auctions FAQ's |
To understand the auction process better, go through the following Frequently Asked Questions:
Before an Auction |
|
During an Auction
After an Auction
1. How do I find an item that I bid on? Once you have done this, click on 'Buyer's View' and then on 'Live Auctions you're Losing ' or 'Live Auctions you're Winning', which displays all the bids placed by you with details such as the 'Item ID', the 'Item Status', the 'Bid Status', the 'Bid Type', the 'Maximum Bid', the 'Winning Quantity' and 'End Date'. When you click on the 'Item Title', the corresponding 'Item' page will be displayed. 2. What is 'Add to Watchlist'? To add an item to your 'Item Watchlist', click on the 'Add Item to Wachlist' button on the 'Item' page. To view the items that are in your Item Watchlist, click on 'My bidorbuy' at the top of the site, and then click on 'Item Watchlist' in the 'Buyer's View' link. Here, you can view the list of items currently in your Item Watchlist. Details such as the 'Item Title', 'Bids/Purchases', 'Quantity', 'Listing Type', 'Status' and 'End Date' will be listed here. When you click on the 'Item Title', you will be taken to the relevant 'Item' page. 3. What is 'Tell a Friend'? 4. What is the 'Automatic Bid' Limit? 'Automatic Bid' is optional. It bids on a particular item for you with the specified 'Bid Increment' amount to meet the current highest bid amount. It will bid on your behalf only up to the maximum amount that you have specified. This amount is the maximum amount that you, the buyer, are willing to pay for an item and is kept confidential. Please note that this feature does not directly increase your bid amount to the maximum amount you have specified. Instead it will bid higher only to meet the current highest bid amount. To activate the 'Automatic Bid', enter your maximum bid amount in the 'Your Maximum Bid' box and click on the 'Bid Now' button. The system will bid for you when someone else outbids you, or at the end of the auction in order to meet the 'Reserve Price'. Every time the 'Automatic Bid' feature bids for you, you will be informed via e-mail. For example: The 'Starting Price' is R1.00 If someone bids higher than you, 'Automatic Bid' will bid for you. The bid amount will increase by R100.00; it will be the sum of the current highest bid amount plus R100.00. In other words, if someone bids R601.00 on the item, 'Automatic Bid' will bid R601.00 for you. Assuming nobody else bids more than you and the auction is closing with the 'Reserve Price' not met, then 'Automatic Bid' will bid R901.00 to meet the 'Reserve Price'. If somebody has already bid R901.00, then your 'Automatic Bid' will also increase to R901.00, if it is within your maximum bid limit. The person who has bid first, (i.e. the one using 'Automatic Bid') will win the tie. 5. What is the 'Reserve Price'?
The 'Reserve Price' set by the seller is R115.00 To win this auction, you have to bid above R115.00. If your bid amount is R110.00 and you are the highest bidder, you will not win the item because your bid is not above the 'Reserve Price' of R115.00. If you are using 'Automatic Bid' on a 'Reserve Price Auction', and if at the end of the auction the 'Reserve Price' has not been met, then your bid amount will increase automatically to the 'Reserve Price' amount or the maximum limit set by you, whichever is lower. Using the above example, if you set the 'Automatic Bid' limit at R120, then at the end of the auction your bid will be set to R115.00 6. What is a 'Buy Now'? To buy the item at the fixed price, just click on the 'Buy Now' button on the Item Page. You will be led to the Order Details page where you can continue placing your order. Once you have successfully placed your order, you will receive an email informing you of the same. 7. What is a 'Multiple Quantity Auction'? If you are interested in bidding on a 'Multiple Quantity Auction', you need to decide how many of the items you wish to bid on and enter this number under 'Quantity' on the 'Item' page. The final bid amount will be 'Amount per Quantity' x 'Quantity'. 8. If there is a 'Reserve Price' in a 'Multiple Quantity Auction', will it be for the total quantity or for each item? 9. Who wins in a 'Multiple Quantity Auction'?
Quantity: 5 of the item Starting Bid Amount - R100.00 Look how the Winners and the Runners-Up will be determined: Winners Runners-Up 1 at R100.00 each, on 14 Jan 10:00, by Bidder E (3) Notice that even though Bidder E placed bid at 10:00 am, Bidder A wins since he bid for 2 items. 10. What are 'Ratings'? A 'Rating' is a comment that users leave on the site about other users. These comments are based on the actual experiences that users have had whilst buying and selling. There are three kinds of ratings: Positive, Negative and Neutral. Before buying, you can view the 'Ratings' of the seller and make an informed decision about whether or not you wish to transact with him/her. There are 3 numbers in brackets next to the seller's bidorbuy user ID. These numbers give you the 'Ratings' status of the seller: the positive ratings are indicated with a '+' sign; the neutral ratings are in the centre, and the negative ratings are indicated with a '-' sign. 11. What if the item/seller appears to be suspicious? Clicking on this link will take you to a form. Select the relevant option from the subject drop down menu. Key in your message, explaining why you feel the item/seller is suspicious, and click on 'Send E-mail'. The bidorbuy team will review the item and inform you via e-mail about the action taken.
1. Why can't I see the 'Reserve Price'? 2. What if the 'Reserve Price' is not met?
1. How do I know I have won? 2. Can I withdraw my bid later? 3. What if there is a difference between the advertised item and the one delivered? If, at the end of the transaction, you realise that item that you have received differs from the one the seller described in the 'Item Description' on the 'Item' page, you may contact us at hello@bidorbuy.co.za. 4. What if the item is not shipped from my city? If you wish to see items from your city only, use the 'Advanced Search' feature provided at the top of the site. Most 'Category' pages also give you the facility to search for items in different cities. 5. Can I change my 'Payment Method' after confirming my order? |
||||||||||||||||||||||||
|
| Learn more: How to Buy | How to Sell | bidorbuy Safety and Trust Programme | Customer Care | My bidorbuy Account | |||
|