Mybidmonster.com and its affiliates offer its services to its members. Membership is a privilege, not an entitlement, and Mybidmonster may change its services and suspend, terminate or restrict your membership at any time if it believes that this is reasonably justified within the terms of this Agreement or any of its Policies. In the event that Mybidmonster.com changes its services, suspends, terminates or restricts your membership in the circumstances outlined above or in this Agreement, you may not be able to access our services temporarily or permanently and you are prohibited from applying for a new account.
Our services are only available to, and may only be used by, individuals (that is, natural persons and not corporate entities) who can form legally binding contracts under applicable law. Without limiting the foregoing, our services are not available to persons under 18 years of age. If you do not qualify, you must not use our services. Although an account may be styled in a corporate, company or business name, it at all times is taken to be the personal account of the member who is registered on the account.
Your membership is not transferable. Your Mybidmonster.com account (including feedback and associated member UserID) may not be dealt with in any way. In particular, you must not allow others to use them and must not transfer or sell them to another party. While you are a member you must maintain control of your account. You are responsible for what occurs on that account and must report any unauthorized use of your account or UserID to us.
Applicable fees on Mybidmonster SA
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Final value fees: these are fees charged on the final value of a sold product. Where you place an auction, or buy now and the product is not sold, you do not need to pay any fee.
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Advertising fees: these are fees charged for taking up advert space on my bidmonster. Adverts can be pay per click or pay per impression. Members may need to pay for adverts before they are posted.
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Store fees: MyBidmonster offers you the ability to open a store. Fees are paid depending on your store subscription.
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All fees are non refundable.
How to pay for fees MybidMonster South Africa.
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Mybidmonster South Africa offers members a number of payment gateways to enable you pay for your products, pay for fees and services.
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Alert pay: Alertpay is an international payment gateway accepted in over 200 countries and territories. With Money bookers, you can pay with your credit card, cheque card and some debit cards. You can also withdraw your earnings into your South African bank account or secure a mastercard to enable you withdraw your earnings from any ATM in the world.
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Money bookers: Money bookers like Alertpay is an international payment gateway accepted in over 200 countries and territories. With Money bookers, you can pay with your credit card, cheque card and some debit cards.
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bank account: You will be able to pay for goods and services through your bank account and electronic fund transfer.
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Mobile payment: We will be integrating mobile payment gateways to enable you pay for good and services.
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Funding your online account: All these payment gateways will afford your the oppurtunity to fund your online account from which you can make payment for different services as required.
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Mybidmonster also offers you the opportunity of securing your own master card with which you can withdraw your earnings world wide.
If your payment method fails or your account is past due, we may collect fees owed using other collection mechanisms. (This includes charging other payment methods on file with us, retaining collection agencies and legal counsel, and for accounts over 60 days past due, deducting the amount owed from your PayPal, Alertpay, Moneybookers account balance or other account balance.)
MybidMonster South Africa Fee structure.
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Storefront Subscription Manager Subscription plans define cost and membership duration in the stores.
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Percentage based subscription plan, where store owners pay only a percentage final value fees on items/products sold. For this category, members do not pay any monthly fees. | ||||||||||||||||||||||
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MyBidMonster Bid Increments.
Below is MBidmonster bid increment per auction range
Bid amount From
Bid amount To
Increment Amount
R 0.01
R 2,000.00
R 50.00
R 2,000.01
R 7,000.00
R 100.00
R 7,000.01
R 25,000.00
R 150.00
R 25,000.01
R 100,000.00
R 250.00
R 100,000.01
R 500,000.00
R 350.00
R 500,000.01
R 1,000,000.00
R 500.00
R 1,000,000.00
or more
R 700.00
Final Value Fee calculations. FVF are only paid for
items successfully won, sold and paid for
Tier
From
To
Percent Fee
1
R 0.01
R3,000.00
4.70%
2
R 3,000.01
R40,000.00
4.0%
3
R 40,000.01
R250,000.00
3.50%
4
R 250,000.02
R800,000.00
3.00%
5
R 800,000.12
R2,000,000.00
2.50%
6
R 2,000,000.12
R5,000,000.00
2.0%
7
R 5,000,000.00
or more
1.50%
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Advertising PackagesPackage Name Impressions Clicks Cost Type
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Basic Impression Advertiser 50 -- R30.00 PPIAdvanced Impression Advertiser 100 -- R40.00 PPISuper Impression Advertiser 150 -- R65.00 PPIPremium Impression Advertiser 300 -- R75.00 PPIBasic Per Click Advertiser -- 50 R30.00 PPCAdvanced Per Click Advertiser -- 100 R40.00 PPCSuper Per Click Advertiser -- 150 R65.00 PPCPremium Per Click Advertiser -- 300 R75.00 PPC
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