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| Name Your Price |
All
articles are
displayed
with one starting
price that
is valid at
the outset
of an auction.
The actual
price is concealed
until you
place a Credit.
With each
Credit placed,
the price
decreases,
so the actual
price is always
less than
the starting
price - often
considerably!
As soon as
you have registered,
you can buy
various Credit
packages (see
load credits).
When you place
a Bid(Credit),
three things
happen:
1. The actual price decreases by 25 US cents
2. You will see the actual current price
3. When the
article price
reaches the
price you
want to pay,
click "buy
Now"
you will become
the final
buyer of the
auction!
At the completion
of the transaction,
you will be
charged the
shipping fees
and price
you locked
in for the
item indicated
in the auction. |
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| Last Bid Wins |
All
articles are
displayed
with one starting
price that
is valid at
the outset
of an auction.
The actual
price is concealed
until you
place a Bid(Credit).
With each
Bid(Credit)
placed, the
price decreases,
so the actual
price is always
less than
the starting
price - often
considerably!
As soon as
you have registered,
you can buy
various Credit
packages (see
Load Credits).
When you place
a Bid(Credit),
three things
happen:
1. The actual price decreases by 25 US cents
2. You will see the actual current price
3. When the article price reaches $0.00, you have become the final buyer of the auction!
At a price of $0.00, you have the possibility to purchase the article. At the completion of the transaction, you will only be charged the shipping fees for the item indicated in the auction. |
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| Lowest Unique Bid |
All
auctions are
presented
for a limited
number of
Bids only.
You can bid
using any
number of
25-cent increments
(i.e. US$1,
$1.25 , $2.50
etc.). The
user who has
placed the
sole lowest
bid acquires
the item.
An example:
Several bids
have been
placed for
$0.25, $1.00,
$1.75, $4.25
and $5.00.
The amounts
of $1.75 and
$4.25 were
not yet placed,
whereas if
you placed
the last and
only bid in
the amount
of $1.75,
prior to the
close of the
auction, then
it would be
both the lowest
and sole bid,
and is therefore
awarded the
auction item.
However, if
another user
also places
a bid of $1.75
in the course
of the auction,
this amount
is no longer
unique. Now,
in our example,
the $4.25
bidder would
be the final
buyer, as
their bid
is now the
lowest single
bid placed.
It is possible
to place single
bids, or to
cover an entire
span of bids.
However, in
order to guarantee
equal opportunity,
only single
bids will
be accepted
in the last
five minutes
before the
end of an
auction.
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Important
Notice:
If an auction
does not produce a Lowest
Unique Bid at its conclusion,
then nobody is the final
buyer and the auction starts
again. If an auction results
in a Lowest Unique Bid at
its conclusion, the user
with the lowest single bid
is determined and then informed
by e-mail. The final buyer
can subsequently order and
pay for the auctioned item
in his member area (prices
include sales tax, plus
shipping charges).Goods
are shipped by Bid Shark
and their suppliers, Bid
Shark is also the recipient
of payments; items are sent
as as soon as payment has
been received.
A single user may only be
the final buyer in up to
five “Bid Shark Auctions
in one month. Therefore,
once the member has placed
five final bids (both lowest
and unique), further bids
will not be accepted. As
soon as this user has been
underbid in an auction,
the placement of further
bids is automatically accepted,
until the maximum number
of five successful final
bids has been attained.
Once a user has been successful
in an auction, s/he may
only participate in a further
four auctions, et cetera.
The number of successful
auctions, as well as the
number of remaining auctions
available in which to participate,
can be accessed at any time
in your back office. At
the beginning of a new calendar
month, the maximum number
of five successful auctions
is available to you once
again. This is indicated
in your member area in the
form of a stoplight. If
the stoplight displays,
for example, a “red light”,
you can only place a bid
again in the next calender
month. |
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