In the Consumer-to-Consumer arena
bidor buy
views itself as a replacement to the traditional Newspaper's Classifieds section. Whereas in the Business to Consumer
sector bidor
buy.co.zasimply serves as a Virtual Shopping Mall, letting virtual shopping space
to vendors to display their good on offer to their virtual clients.
To go directly to bid
or buy.co.za for more amazing deals.
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bid
or buy.co.za
is a virtual trading place that brings buyers and sellers together
and allows them to buy and sell virtually anything in an exciting
auction format, using the Internet. Prices of goods offered on bid
or buy.co.za
are not fixed. The price is determined by the minimum price
that the seller is willing to accept for his product and the maximum
price that the buyer is willing to pay. Sellers are able to convert
their unwanted products into cash and buyers are able to find
products at very desirable prices.
Goods sold range from vacation packages and flight tickets to
computers, home electronics, motor vehicles, books, music and sports
equipment. Other vendors may be individuals selling new or second hand goods.
How does bid
or buy.co.za Work?
Without registering or divulging personal information, Internet
users are able to browse descriptions and images of all products offered. In order to participate
in the auction, users are required to register, which takes approximately 60 seconds. They will
then be assigned an account number and password, which will allow them to bid on products and to
list their own products for auction. When listing an item the seller decides what the reserve price
will be. This amount is not disclosed to other users but there is a message on the product page
saying whether or not the reserve price has been met. (Note: The bidding may start below the
reserve price). The reserve price is the least amount that the seller is willing to accept for
the product.
Goods are displayed on auction for a period - between 1 day and 4 weeks. The seller decides
on the auction period, usually depending on the type and value of the item on offer.
On completion of a successful auction (i.e. at least one bid over the reserve price (if one is set))
both seller and buyer(s) are notified automatically by the system of the successful deal.
Thereafter both parties make contact in order to conclude the deal. Both sellers and buyers
are bound by a legal agreement, which they sign upon registration on the site.
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