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----------------------- BID2WIN frequently asked questions1 How Can I win?It's Easy.... All you need to do is SMS the code and your bid to the number listed in the advertisement. Our computer system will be checking all the bids and will return messages with the status of your bid. If your bid is the lowest and unique by the end date, YOU WIN. In other words if your Bid is the lowest, but other people have bid the same as you, then you do not win, but if your bid is the lowest that no one else has bid You WIN. For Example If you Bid 8 cents for an IPOD, which was the lowest Bid but there is another BID for 8 cents, you do not win as your Bid is not unique. We will then look at the next lowest Bid to see if it is unique. If it is unique that person wins the Brand new IPOD. If you Bid 8 cents for an IPOD, which was the lowest Bid and no one else placed a bid for the same amount, then your bid is the lowest unique bid! and you win the Brand new IPOD. How is this possible? Our revenue comes from the SMS fees charged for each bid you place. Thus we can sell the products at a lower price. Our risk is to not have enough bids to cover our costs, but you shouldn't worry about it. Summary:The successful bidder (i.e.: the bidder that wins) will be the one that makes the LOWEST UNIQUE BID (i.e.: the lowest bid that is different to all other bids). Anyone can win brand new items by making bids in cents. Bidding starts at 1 cent.----------------------- 2 How Bid2Win make money from giving these items for cents?Our revenue comes from the SMS fees charged for each bid you place. ----------------------- 3 What is a unique bid?Unique means to be one of a kind, so a unique bid is one where no other bidder has placed a bid for the same amount. ----------------------- 4 What do you mean by "the lowest unique bid"?If there were five Bids, two for 2 cents, one for 5 cents, two for 6 cents. Who would win? The two bids for 2 cents are certainly the lowest, but each bid is not unique (they are both for 2 cents) The bid for 5 cents is not the lowest, but it is the lowest bid that is unique (all others lower are not unique) The Key to this action is that once there are two bids of the same value then that value cannot succeed as it is not unique
----------------------- 5 How much is the bidding fee?The cost for each SMS-Reverse-Auction bid is shown at each Item's advertising (between $1.50 and $3.50) plus your standard sms rate and it is charged via an SMS from your Mobile Phone. (You will be charged on your next mobile phone bill) ----------------------- 6 Are the items new or used or both?All our Items are supplied by Australian suppliers and they are BRAND NEW. You will receive a new item with a manufacturer’s warranty ----------------------- 7 When does the SMS-Reverse-Auction ends?Each SMS-Reverse-Auction has an ending date that is always advertised. It will be at midnight (Australian Eastern Standard Time - "AEST") of the advertised date unless stated ----------------------- 8 How the lowest unique bidder is selected?There is a 3rd company computerised system that automatically checks all bids entered in real time on any item and finds the lowest unique bidder. It will also notify you of the status of your bid. ----------------------- 9 How do I know if my bid was accepted?You will get a return SMS message with the status of your bid. ----------------------- 10 How will I know if I have made the lowest unique bid at the SMS-Reverse-Auction's end?We will contact you by SMS and by calling to your mobile phone to let you know. You then have 14 days from the date that we notified you to pay to us the amount of your bid. ----------------------- 11 What do you mean by " … pay to us the amount of your bid"?When you bid you are agreeing to purchase the item for the amount that you bid. Even if your successful lowest unique bid is 1 cent you still have to pay that amount to us! ----------------------- 12 When will I get the item?Delivery times vary depending on the product, stock levels etc, but normally you will have the item within 14 days of paying the amount of your bid to us. ----------------------- 13 Are my bids secret?Yes, we don’t disclose any bid information until the end of the SMS-Reverse-Auction. ----------------------- 14 Who’s been lucky so far then?Check out our ads and web site to the see successful bidders around the world ----------------------- |
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