How to buy on MyBidMonster? We encourage you to visit the help page, search for whatever information you may need and ask questions if need be.
Mybidmonster is your online global market village in your country. To buy an item,
Using the Buynow option: You can buy and sell either by placing a bid for a product you are interested in or buying products that are posted as “buy now”. Buy now products carry fixed prices.
Using the Auction option: products on auction have to be bid for and the highest bidder within the duration of time wins the auction and pays for the product. YOUR BID IS A CONTRACT AND CANNOT BE RETRACTED ONCE IT IS PLACED WITHOUT THE CONSENT OF THE SELLER.
Products on “buynow” carry a fixed price, you cannot bid for them. You can buy them out-rightly and pay for them using any of the payment gateways, your online deposit or escrow funding.
After you investigate an item and her happy with it, you either place a bid for it or buy now, depending on how the item has been listed by the seller.
If you see a pop up that shows up telling you that the reserve price has not been met, it means that the seller of that particular item has set a minimum price at which he wants the product sold. If that minimum price is not met the product cannot be sold. As a potential buyer, you will need to put in additional bids and meet the reserve price if you will be able to buy the product.
You can set your bid to proxy or initiate an automatic system where MyBIdmonster bids for you. This helps to ensure that you do not have to come placing bid every now and then. You will be notified when a higher bid is placed for the item.
For example James has placed a bid of R 100 for an item. Thabang could place a bid of R 500 for the same item. Thabang’s bid will be higher than the next increment for the particular item. Mybidmonster will automatically place bids for Thabang to the tune of R 500. So if James ups is bid to R 250 he will shortly get a notice that there is a higher bid than is.
If James places a bid higher than R 500 Thabang will receive notification that he has been outbid but as long as the bid placed are lower than R 500, Thabang remains the winner of the bidding session.
Bid snipping or auction snipping is a term used to refer to a situation where members place bids on an item only some few seconds before the bid ends with the aim of winning the bid. MyBidMonster has an anti-bid snip system in place. Bids will usually end some few seconds or minutes after the stipulated time to prevent bid snipers.
MyBidMonster offers both buyers and sellers the opportunity to communicate using the message board. You will be able to communicate with the seller of the product, ask questions and clear every grey area before committing yourself to buying the product. It is very essential for you to communicate.
Click on the buy now icon and follow the directions to pay for the product. If you are paying for a product you won through auction, follow the link you receive through your email or you can buy the product by going to: my account>buying to be able to pay for the auction won.
We strongly advise that your make your purchases using escrow. This will help protect you and the seller. Funds in escrow CANNOT be released without your consent. You can release fund when you are satisfied with the item received.
After the entire process and you have received your product, you should leave feedback about your experience with the seller. The feedback system helps to ensure that only the best, real and honest buyers and sellers stay online. It ultimately serves as a referral system for future transactions with members of the MyBidMonster community.
If you have more questions, you can always check out the forum, visit the help page and search for your queries, you can also ask your questions there.
Happy Bidding & Buying,
The MyBidMonster Team
Regus Building, Perfect Transcriber Offices, 23 Wellington Road, Parktown, Johannesburg.