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On a Dutch Auction, the auctioneer has more items of the same product for sale. The bidder will enter a maximum bid he is willing to pay for an item, and the number of items he wants to purchase. The highest bidder(s) will receive the number of items they have bid on, and the remaining bidders will receive the number of items still available. Buyers are able to bid more than once for the same item.
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Once a sale has been processed, both the seller and the buyer will be able to leave feedback for each other. The feedback rating is from one star to five stars, and a feedback comment can also be left. The feedback can be left from the Feedback tab in the Members Area. The feedback can only be left once, and it cannot be edited afterwards.
The My Safe Bid reserves the right to delete malicious or untrue feedback.
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The item watch features lets you keep a close eye on any auction without having to place a bid on it. This feature means you can be kept up to date on how an auction is doing and prepares you to place a winning last minute bid. You can watch any auction by clicking on the Watch This Item link on any auction page.
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The auction watch features notifies you of newly listed auctions which contain keywords you have chosen. For example if you are looking for a Playstation 2 you could enter these keywords from within your member's area. Each time a new auction is listed containing the term Playstation 2 you will be notified. You can enter in as many keywords as you like.
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After logging on you will be redirected to the members area page. This page is divided into four tabs:
a. Bidding On - You will be able to see the items your currently bidding on, as well as the status of the bids, items you have won, and watched items. By clicking on the Auction Watch link, you will be able to add keywords for auctions your interested in. An email will be sent to your email address every time an auction that will contain the keyword in its name or description will be submitted. By clicking on the View Details link from the Won Items area, you will be able to see the details of the seller, and make contact with him in order to perfect the sale.
b. Selling - There are three areas available on this page. The My Opened Auctions area, where you will see details of auctions you currently has open; if no bids were submitted yet on an open auction, you are able to edit the auction. The My Closed Auctions area, where you will see the auctions submitted by yourself, and that were closed. You can choose to edit, delete or re-list a closed auction. On the Sold Items area, you will see the items you have sold, and by clicking on the View Details link, you will be redirected to a page where you will see the details of the buyer. If an end of auction fee is set from the admin area, then the seller will have to pay for the end of auction fee in order for you to see the buyer details. If, after the seller has contacted the bidder, and no sale has been made, you can claim back the end of auction fee. By clicking on the Claim back end of auction fee, a claim back request will be sent to the sites administrator, and will be evaluated for fee refunding.
c. Feedback From this page, you will be able to see the feedback you have received, and leave feedback to other users. d. Personal Info You can edit your personal information using this page, except for your username. You can also change the password for the account. If the password and confirm password fields are left empty, and then the password will remain the same.
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Once you have signed up for an account, you will be able to sell items through My Safe Bid. Simply click on the Sell link, you can then select the main category of the product or service you want to sell. This feature has been made in order to ease the subcategory choosing process. No items can be sold by choosing only the main category; you will have to choose a subcategory for the item as well. The second step is entering the auction details, settings, payment methods available. On the Auction Settings tab, you can choose the type of the auction, the start price, whether to activate buy now or set a reserve price. Also, you will be able to choose what type of bid increment to use. If you choose the custom bid increment, you will have to enter an increment value. You will also be able to choose whether to feature the item, and the duration of the auction. After setting the location, shipping and payment you will be redirected to Step Three. Here you can review the auction before submitting. If everything is in order, you can click on the Submit button.
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Registration is simple and only takes a matter minutes. To start the signup process, click on the register link at the top of this page. Only users with the age over 16 years are able to register.
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If you have spotted on item you would like to place a bid on you can do so quickly and easily by following these steps: (1) Login to your account. If you have not registered you can do so within 5 minutes
(2) Visit the auction page
(3) Towards the bottom of the auction description page you will see a bidding box, you can use the shortcut link to the bidding box if you wish.
(4) Enter in your bid, note you must bid above the minimum bid required
(5) Click on the place bid button.
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Wanted ads are a new and increasingly popular feature. As a buyer you can list the items you want and sellers can submit offers for items they are selling. It's a quick, simple and hassle free way of sellers being able to meet buyers demands.
Advertiser (Buyer)
List a new wanted ad and wait for sellers to contact you with offers. If you receive an offer your happy with you can bid on the item!
Sellers
Browse the wanted ads and if you see one that matches an item your selling make an offer and tell the buyer you have just what they are looking for!
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