What is a Bid? | Ramblings of an e-trader

Saturday, 10 March 2007

What is a Bid?

A bid is actually an irrevocable offer to purchase an item that is on auction at a specific price. Since it is contractual, do not bid if you are not sure about the item's condition or doubtful of the shipping rate. Also make enquiries FIRST before placing your bid.

Personally, if I do not get a response from the Seller in a timely manner, I stay away from his auction. The item may be cheap, it may be what I need desperately, but I stay away to avoid problems after I have won it.

If you bid on and item and then change your mind, you would be deemed as joybidding and a report by the Seller to the authorities may cause your account to be suspended.

You may however, back out of a deal if the auction closed and you are contacted by the Seller with a new set of rules and regulations that are different from what are stipulated on the auction page.

In this case, report the Seller to the authorities.

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