Reverse Bidding Auctions
start at a very low price(usually $0.00), then climb by a small
increment with each bid. You can buy bids for as little as $0.25 per bid
, win them in an auction, or invite friends
and other ways to receive free bids. Once an auction has reached a certain price, the auction will be closed to
anyone who has not placed at least 1 bid, allowing the people that have bid on the
item a better chance at winning.
is the highest an item's price will reach. Once an item reaches
this price, or a few cents below, each bid will not raise the price any further(this is to keep our prices low).
only users that have not won an auction can bid on. This gives our new members a greater chance of winning there first auction.
gets below 60 seconds each bid will increase the time of the auction by 15 seconds. When the time says pending
we are checking to see if there is any last second bidders, if there are last second bidders then the time will
increase and the auction will continue. If there isn't any last second bidders, then you will see that the auction
will say sold. If you are the winner, then you can go to the MyBidito page to finish paying for your item.
you lose in a reverse auction you can always buy the item
upto 24 hours after the auction ends and as long as the quantity is above 1. There is a 10% buy now fee and the bids you use will go as credit
toward your purchase at $0.25/bid.
are very similar
to regular auctions that you may have seen on other auction sites with 1 main difference, if a person bids at the
last second we increase the time. This way you will not fill cheated by last second bidders. There is no fee associated
with placing a bid(your bid count remains the same
), but you are commited to buy the item if you win the auction.
You can now change
your items to Paypal Credit!
There is not any shipping charge with Paypal Credit,
but there will be Paypal Charges. See Paypal Charges
Note, Before you can receive the Paypal Credit you must give us your Paypal email!
To do this
all you have to do is click the sell an item link under the My Bidito tab, enter your paypal address and register.
If you are not from the USA we can still give you Paypal Credit!
Please check the "How It
Works" page for more information, and feel free to contact us with any questions, comments, or difficulties.
Goodluck and Happy bidding!