| Register |
| To start bidding, you'll first need to Register as a member. Then you're ready to begin. Here's what
to do: When you see an item your interested in, click on it for the full description and image. |
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| Bidding |
| Once
you have found an item you would like to bid on, scroll down
on the listing page until you see the bidding section. It
will ask for your User Name, Password and the amount of your
bid. You can also choose to use a proxy
bid. Click on "Review Bid" when you are
finished. |
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| Review Bid |
| Carefully
review the item that you are bidding on and how much you
have agreed to pay for it, then click on the "Place
Bid" button to finalize your bid. You will immediately
see whether you are currently the high bidder. |
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| After placing the bid |
| While you are waiting for the auction to finish (this may take several days), you will receive an automatic e-mail infobidwareNimRg you whether you have been outbid by another bidder. Be aware that some bidders wait until the last minutes to place their bids. |
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| Raising your bid |
| To raise your bid, go down to the "Place Bid" input box on the item you wish to place your higher bid on (below
the item's description) and enter your User Name, Password and your higher bid. Click on "Review Bid" when you are finished. Carefully review the item that you are placing the higher bid on and how much you have agreed to pay for it, then click on the "Place Bid" button to finalize your higher bid. You will immediately see whether you are currently the high bidder. |
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| Winning the auction |
| If you are the highest bidder when the auction ends, you and the seller will receive an automatic e-mail. You must contact the seller within three business days. You are under contract to pay him or her the amount of your bid and any other expenses (if any that were mentioned in the item listing page). The seller is also under contract to send you the item upon payment receipt. |
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DEFINITION OF TERMS |
| Proxy Bids |
Proxy bidding is letting our system bid for you automatically. Think of a proxy bid as someone who watches the auction while your busy doing other things. You activate a proxy bid by entering the highest amount you are willing to pay for an item in the "Place Bid" box. The system will then bid for you, bidding only enough to make you the high bidder. If someone exceeds that bid, another bid will be automatically placed for you up to the maximum proxy bid amount you specified. Under no circumstances will the proxy system ever bid MORE than you said. The system will send you an e-mail when your proxy amount is surpassed, giving you the opportunity to place a higher proxy bid, if you'd like.
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Reserve Bids |
Our system supports reserve bids. The reserve bid price is the lowest price at which a seller is willing to sell their item. The reserve bid price is never disclosed to bidders. A seller might specify a reserve price if he or she is unsure of the real value of his or her item and would like to reserve the right to refuse to sell the item if the market value is below a certain price. During an auction, an annotation will be displayed in the item information screen if the seller has specified a reserve price.
The seller may specify a reserve bid when they list an item. This price should be above the minimum bid price. If a bidder has authorized a proxy bid that is equal to or greater than the reserve bid, then the item will be sold to that bidder at the reserve price at the auction's closing. |
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AUCTION TIPS FOR BUYERS
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Tips for Buyers
Get the most out of your bidding experience. Here are some suggestions:
1.
Know The Item You Are Bidding On!
- If a description of an item is unclear, be sure to clarify the description with the seller before you
bid. Please also note that it is up to the sellers to select their own payment options and by bidding on an item, you are agreeing to
these terms. It is the bidder's responsibility to make sure that payment terms are clearly understood up front.
- If you're not sure what an item is worth, do a little research before you decide what you're willing to pay.
2. Check The Seller's Reputation!
- The number in parentheses next to a bidder's or seller's User I.D. is that person's feedback rating - a tally of the comments other users have submitted about this seller.
- To view a sellers or bidders feedback record, just click on the link "view seller's feedback" on the item description page of the item you are interest in placing a bid on. This will automatically bring up the feedback record on the seller of that item. If you want to view the feedback on any auction member, you can do so by visiting the following link: feedback
- If you have a consumer complaint or need to obtain information on a company, you can visit the http://www.BBBonline.org, or other state and local consumer agencies.
3. Proxy Bidding
- First, you specify the maximum amount you want to bid. That amount is kept secret and is your proxy bid.
- The system will bid on your behalf as the auction proceeds, bidding only enough to outbid other bidders. If someone outbids you, the system immediately increases your bid.
- This continues until someone exceeds your maximum bid, or the auction ends, or you win the auction!
- Plus your proxy will never exceed what you're willing to pay for the item.
- Proxy bidding is also available for Dutch Auctions.
4. Make Note Of Auction Details
- Be sure to make
a note of auction information. That way,
you can contact the seller right away to
complete the transaction if you're the high
bidder. You'll need:
- The seller's
user ID and email address
- The auction
item number
- The item
description
- And the time,
date and price you bid on the item
5. Protect Yourself
- Make sure the
item you are bidding can be lawfully purchased
in your area. The Consumer Product Safety
Commission occasionally bans sales of goods
that may be dangerous to consumers.
- Remember, we are
only a venue and we do not guarantee
the ability of a seller to complete the
transaction or the quality of the items.
- If you feel at
all unsure about a transaction, ask the seller
to use escrow for the
payment.
- What is Escrow? Escrow
is when a buyer places money in the custody of
a trusted third party. The money is then paid
to the seller once a specified set of
conditions are met. How does it...
- Negotiate
escrow terms with the seller before you
place a bid.
7. Be Courteous to Other Users
- Treat everyone
with the courtesy you expect to
receive.
- When you send an
email, take the time to write in
complete sentences, with a salutation and
closing. Those little touches make all the
difference!
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| Terms & Conditions |
Please read and familiarize yourself with our Terms & Conditions which outlines our policies and terms of use.
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| Placing Bids On Auctions |
To enter a bid on an item for auction, you must first register. After the registration process is complete, you
can place a bid on any item up for auction by following the steps below:
- Click on the
link to the item you are interested in placing
a bid on. This should bring up the item
description page for the item.
- Before entering
your bid, take a brief moment to review the
seller feedback
record.
- After reviewing
the seller's feedback
record, click on the "Bid Icon"
located to the left of your screen. This
should take you directly to the bidding
section of the item.
- After arriving,
enter your User Name, Password, Quantity you
are bidding on if dutch auction and your bid
amount.
- When done, click
the "Review Bid" button to review
the bid you just submitted. If all is
OK, submit your bid.
The binding contract
of the auction is between the winning bidder and
the seller.
Please bid
carefully! Once you make and confirm a bid, you
can't withdraw it unless:
- The seller
materially changes the description of the item
after your bid
- The amount of
your bid was clearly a typographical error
- Other
exceptional circumstances; however, you can't
back out because you decided to bid on another
item, decided you couldn't really afford it,
or changed your mind.
Please note that it is
up to the sellers to select their own payment
options and by bidding on an item, you are
agreeing to these terms. It is the bidder's
responsibility to make sure that payment terms are
clearly understood up front.
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| The
Different Types Of Auctions |
Reserve
Price Auctions
A reserve price is set by a seller who will not
sell below a certain price.
- Bidders know
there's a reserve price, but they do not know
what it is.
-
In
order to win the auction, a bidder must meet
or exceed the reserve price and have the
highest bid.
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If
no bidders meet the reserve price, neither the
seller nor the high bidder are under any
further obligation.
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You
can't use reserve prices for Dutch Auctions.
Dutch
Auctions:
This fast-paced, free-for-all format is perfect if
you have multiple, identical items to sell for the
same price.
- Sellers start by
listing a fixed price for their items and the
number of items for sale.
- Bidders then bid
the fixed price and the quantity they want to
buy, until all items are sold.
- All winning
bidders pay the same pricewhich is the
original listing price.
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