Frequently Asked Questions
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Unlike traditional auction sites, it's not the highest bid that wins in our auctions; it's the highest 'unique' bid
(HUB) that wins - a bid value that no other bidder has entered.
For example, we could feature a $500.00 Gas Card auction with a ceiling bid as low as $4.34. Users can then
enter bids from anywhere between 0.01 and $4.34.
Let's say three people bid $4.34, two people bid $4.33 and one person bids $4.32, then the "highest unique
bid" would be $4.32 (although it is not the highest bid in this example range of bids). This means the winner
will only pay $4.32 for a $500.00 Gas Card plus the admin fees he has paid for entering bids.
Bidding details can vary by auction and are always announced on the auctions' bidding page.
A set number of bids is required for each auction before it can close (the Reserve). Once the reserve has been reached, the auction runs for another 48 hrs and then closes. The member who holds the HUB at this stage wins.
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If you are above the age of 18, have a credit card and a valid
USA billing and delivery address, you are welcome to become a
member and participate in the bidding process |
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We have a variety of auctions
running.
An auction runs until it reaches the required number of bids. When
that happens it will run for another 48 hours and then produce a
successful bidder.
Most auctions will be repeated 2 mins after they close. |
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If you enter a bid higher than the
bid ceiling allows, your bid will be refused and you will be given the
opportunity to enter a proper bid. |
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If you are the successful bidder in an auction, your gas card will be sent to you
free of charge by registered mail. |
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We recommend you take note of the
number of the auction you are participating in. The auctions are
always visible in the 'auctions' section of the website.
As soon as the auction you participated in closes, it moves to the
'results' page where you can check the results. You will be able to
view all bids entered for that auction complete with time stamp.
If you are the successful bidder, you will be notified by email
immediately and receive further instructions on how to obtain your gas
card. |
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If several people
enter the same bid, those bids are not unique anymore but equal and
become void.
Depending on the value of the bids entered, the highest
unique bid could be eg. $2.85
whilst the highest entered bid for that auction could be $19.95.
learn more>>>
The member who has entered the highest unique bid at auction closing
time is the successful bidder. |
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You can only fund your internal
account by using a credit card. We accept all major credit cards
through our payment processor PayPal.
Your credit card
or bank account can be used
to fund your PayPal account.
http://paypal.com
Alternatively we accept direct deposits (internet banking). Our
account details are on the 'fund account' page in your members area. |
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To run this site and to pay for
the products we charge a small fee.
The size of the fee is relevant to the value of the auctioned product
but in most cases it will be $2.
Each bid you wish to enter attracts an admin fee.
You do NOT have to pay for the 'value' of your bids.
Only the successful bidder in an auction pays for the value of the winning bid. |
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PayPal has one of the most secure
payment systems and transactions are handled on a secure website. You
can check this by looking in the address bar of your browser.
A secure site's address always starts with: https://
instead of regular http://.
All transactions are encrypted and you can rest assured that your
credit card details are more than safe. |
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Your credit card
details are stored encrypted in the PayPal database and will never be
accessible to third parties.
PayPal is one of the safest, if not THE safest internet payment
gateways.
http://paypal.com |
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Our programmers have designed a
script especially for the type of auctions we conduct.
It is 99% automated. Upon closing of the auction, the script calculates which bid is the highest/lowest unique
one automatically within a few seconds. It sends an email to the successful
bidder and publishes the results of the auction as a 'results' list in the
'results' area. You can then see all bids entered in the auction along with the time the bids were entered. |
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Simply go to the 'profile' section
in your members area and click the 'cancel account' button.
If you still have money in your account this will be
refunded to your PayPal account manually a couple of hours after cancellation. |
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As soon as you have entered a bid, a
window will appear telling you that your bid has been received. You
can now check this in your stats in your members area.
In case your bid failed, you will be notified as well and you can try
again. |
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We believe this will never happen. The
product we are auctioning is in high demand so there will always be
enough bidders. An auction simply stays open until the reserve number
of bids has been reached. This could take two days, two weeks or even
two hours. |
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In principle, an unlimited number of members can bid in an auction. Our system is designed to be able to handle 100,000 bidders at the same time without a problem. |
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No you cannot. Sorry.
Once a bid is entered it is final and cannot be reversed. |
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The admin fee is
payable upon entering your bid and will be deducted from your
Gas Card Auctions account automatically. Each bid attracts an admin fee so if you enter
5 bids, the admin fee will be deducted 5 times. |
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Yes. To be able to enter a bid you
have to pay an admin fee. This fee is non refundable unless an auction
is cancelled when the admin fees are refunded to bidders.
So if it turns out that you have not entered the successful bid at the
end of an auction, your admin fee(s) will not be refunded |
If your question is not answered here, send us an
email.
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