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The Cheapest Way to get the Products you want!
Maxbid is an South African online entertainment website offering an alternate method of online shopping.
Maxbid offers item for sale by a reverse auction process. Rather than the bidder with the highest bid
winning (as is the case in traditional auctions), the winner is the person who has the 'Lowest Unique Bid'.
Our Fair
Auction Guarantee
Strategic
Considerations for winning Lowest Unique Bid Auctions
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Maxbid is an online entertainment website offering an alternate method of online shopping.
Maxbid offers item for sale by a reverse auction process.
Mixing skills with extreme discount on exclusive products.
Rather than the bidder with the highest bid winning (as is the case in traditional auctions),
the winner is the person who has the 'Lowest Unique Bid' and he and can but buy the product at that low bid price + reserve when applicable
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Strategic Considerations
It is important to note that the strategy of waiting to place a bid is not necessarily the most successful one for example:
If at the close of the auction we didn't have a single lowest unique bid the successful bidder would be determined by the two
lowest exact same bids however the bidder awarded the item would be the bidder that placed the first bid.
So in that scenario it is very important to get your bid in as early as possible.
Click here for more info.... |
MaxBid
- Fair Auction Guarantee
Maxbid.co.za and corresponding Lowest Unique Bid Auction sites have risen in popularity in recent years. As more consumers participate in auctions on our site and others, they're encountering more problems; from disappointing merchandise to high prices, and outright scams.
Yes believe it Most of the penny auction / Swoop Type Auction site are a scam
How do they scam you?
Shill bidding : This is the deplorable act by which penny auction owners, their friends, or their employees place bids on items in an attempt to promote a bidding war with legitimate bidders. Ultimately this leads to an increase in the final sale price of an auctioned item and extending the bidding time to collect more paid bids.
Bid
butlers / Bidding bots :
also known as an auto bidder or bid buddy, is a penny auction feature that
places bids on your behalf when you’re unable to do so. On many penny auction
sites you can indicate when the bid butler should place the bids, how often it
should bid for you and when to start and stop bidding on your behalf. This
is an automatic script built into the penny auction site can also be used by
creating fake user profiles and then uses those accounts to place fake bids. To the legitimate bidder it looks like he is bidding against another person
and thus deceiving you into placing more bids to win.
To ensure your online auction experience at maxbid.co.za is a good one and to protect you from fraud, Maxbid has a Fair Auction Guarantee.
The Maxbid Fair Auction Guarantee gives you the confidence to place your bids whilst being assured that we DO NOT use any automatic (Shill Bidding) systems to participate in our auctions.
All our bidders are real members!
We believe in an open, honest policy that benefits all of our customers and will always strive to achieve this.
Our Fair Auction Guarantee is designed to give all our members confidence that we will be putting the best brands under the hammer, every hour of every day to give you a great bargain!
Maxbid.co.za is not a Penny Auction
/ Swoopo type auction site but a 100% Reverse Auction site where the Lowest
Unique Bid wins.
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