BID GUIDE

Open An Account:

One, who is 18 years old, can sign up for free of cost. In order to have an account, just click on Sign Up and put the specific information then press the Submit button. Then a confirmation mail will be forwarded to your email. Once the process will be completed, you will be able to buy Bid Credits / Bargain Credits to participate in any auction.

Buy Bid Credits:

So as to buy the Bid Credits / Bargain Credits, you need to select the Bid Plans and the numbers of Bids you want to buy. Then, you have to add these Bid Credits / Bargain Credits to your cart and subsequently check out for payment through the payment gateway. You can use debit cards, credit cards and bank transfer regarding the payment.

Increase your credits through free credits:

One can get the free Bid Credits / Bargain Credits through various offers displayed on the website or from the partners listed on the website by the purchasing their products at the outlets.

Let's Go For Bidding

After purchasing Bid Credits, you need to go the product page for which you want to bid.

Put your Lowest Unique Bid in the given dialogue box and Submit. It will show the any one of following messages in a POP up according to the latest bid amount you have entered.

  • Your Bid is UNIQUE and LOWEST
  • Your Bid is UNIQUE but not LOWEST
  • Your Bid is not UNIQUE
  • You have already entered this Bid Amount earlier (in case you repeat the same Bid Amount for the same auction)In first three case, your Auction Credits will be subtracted from your account in the ratio, mentioned in the auction conditions.  In case you will be considered as the current bid winner until any other bidder make the Bid Amount Common (not UNIQUE) or Second LOWEST.Once the Auction time is over, the winner will be declared according to the condition of LOWEST UNIQUE bidder.After winning the bid, the Buy option will be activated only for the winner. Then the winner can buy that product through the payment gateway.

The concept of LOWEST UNIQUE BID:

Suppose Sunil, Rahul Gaurav are participating in an auction. Let’s take a close look who will be the winner by the logic of LOWEST UNIQUE BID.
First Sunil enters 3 bids e.g. 0.02, 0.03, 0.05

Sunil’S Bid Rahul’s Bid Gaurav’s Bid Current Bid Status Winner
0.02 Lowest And Unique Sunil is the Current Winner
0.03 Doesn’t bid Doesn’t bid Unique but Not Lowest
0.05 Unique but Not Lowest

Now Rahul enters 4 bids e.g. 0.01, 0.02, 0.4, 0.11

Sunil’S Bid Rahul’s Bid Gaurav’s Bid Current Bid Status Winner
0.01 Lowest And Unique
0.02 0.02 Not Unique
0.03 Doesn’t bid Unique but Not Lowest Rahul Is The Current Winner
0.04 Unique but Not Lowest
0.05 Unique but Not Lowest
0.11 Unique but Not Lowest

After Rahul’s bidding, “0.02” is ‘NOT UNIQUE’ anymore because he enters “0.01”, which is LOWER than “0.02”. So, the current winner is Rahul. Other bids are UNIQUE because they don’t match with each other.

Now Gaurav enters bids e.g 0.01, 0.05, 0.06, 0.15

Sunil’S Bid Rahul’s Bid Gaurav’s Bid Current Bid Status Winner
0.01 0.01 Not Unique
0.02 0.02 Not Unique
0.03 Lowest And Unique
0.04 Unique But Not Lowest
0.05 0.05 Not Unique Sunil Is The Current Winner
0.06 Unique But Not Lowest
0.11 Unique But Not Lowest
0.15 Unique But Not Lowest

When Gaurav enters “0.01”, then it is ‘NOT UNIQUE’ anymore. Now “0.03” is the ‘UNIQUE & LOWEST’. So, Sunil is again the ‘Current Winner’. Other bids (except 0.01, 0.02 & 0.05) are ‘UNIQUE’ as they don’t match with each other. But none of them is ‘LOWEST’.

When bidding time is over, our system will find out the “LOWEST UNIQUE BID” form the database and the corresponding user will be declared as the winner.

Check your bid status while the Bidding is going on

Yes, you can check all the information e.g. your bid status, all the bid amounts you entered earlier, remaining Bid Credits, remaining the time of the bidding and also the name of the current winner.

Subtraction of Bid Credits for every bidding

It varies from product to product. It will be displayed on the product page that how many Auction Credits will be subtracted for every bidding.

BARGAIN GUIDES

1. Buy Bargain Credits

For bargaining, you need to have Bargain Credits in your account. First buy Bargain credits. The go to Bargain Products page and then select the product, you want to buy.

2. Lets Bargain

The concept of bargaining is same here as you do for buying products from market. Quote your price in the given dialogue box. You will get various POP-Up messages acording to the quoted price.

  • You are far away from the deal (If your quoted price is too low from the discounted price)
  • OR
  • You have reached nearer to the deal (If your quoted price is not so low from the discounted price)
  • OR
  • You are pretty close to the deal (If your quoted price is pretty close to the discounted price)
  • OR
  • Congratulation! The deal is successful (If your quoted price is within the range of the discounted price)

In every case, your Bargain Credits will be subtracted from your account in the ratio, mentioned in the bargaining conditions.