Back to bidorbuy.co.za 087 350 0099
Submit a TicketKnowledgebaseTroubleshooter
Selling Formats - Auction, Buy Now, Classified and Personal Offer
Posted by bidorbuy Admin, Last modified by bidorbuy Marketing on 19 January 2018 08:58 AM

There are four main selling formats on bidorbuy: auctions, buy now, classifieds and personal offer. Sellers can also state a buy-now price on auctions and opt to accept offers from buyers.

Auction
Auction with Buy Now
Buy Now
Make an Offer
Classifieds
Offers

Auction

When you list an item for auction, buyers are able to bid on your item for the duration you choose (up to a maximum of 21 days). You choose a starting price for your item and multiple buyers can bid for it (although it is not recommended for most cases, a reserve price can also optionally be set).

You can sell single or multiple quantities in a single listing. You may re-list your item free of charge in case it does not sell.

bidorbuy does not charge a fee for listing items on auctions. A success fee is charged only on successful sales.

Auction with Buy Now

When creating an auction listing, sellers can state a Buy Now price too. That means that buyers can choose to either place a bid, or to buy the item outright. The Buy Now option disappears when the auction amount reaches the Buy Now amount. Only auction listings with the quantity of 1 item have a Buy Now price option. Standard success fees apply.

Buy Now

With Buy Nows, you sell an item at a fixed price. The buyer can buy it immediately. There is no waiting period as associated with auctions. The buyer can purchase the item without waiting for the listing to end. 

Maximum listing duration is 21 days. You may re-list your item free of charge in case it does not sell.

You do not pay for listing an item for sale in the Buy Now format. Standard success fees apply.

Make an Offer

Sellers can opt to accept buyers’ offers by ticking the appropriate box when creating a listing. Read more about the Make an Offer functionality on bidorbuy. Standard success fees apply

Classifieds

The bidorbuy Classifieds section is similar to Classifieds in newspapers. The seller advertises his/her product and waits for a response from prospective buyers. The Classified format is advisable for items that need high involvement from the buyers and sellers, such as cars. 

When you list an item in the Classifieds format, buyers can instantly respond to your contact details to get in touch with you. It is then up to you two to arrange an inspection and close the deal. 

The maximum duration of a Classifieds listing is 32 days.

bidorbuy charges a once-off upfront listing fee for every listing in the Classified section. The listing fee is payable whether the item sells or not. There is no success fee for items sold through the Classifieds format.

Offers

Once an Auction has closed, a seller can offer the same item to runner up bidders. The seller sets the price. The offer is on first come - first served basis and it expires after 48 hours. Buyers may put forward a counter-offer. This functionality (formerly known as personal offers) is available only to advanced sellers.

Standard success fees apply.

(868 vote(s))
Helpful
Not helpful

Comments (0)