Auction Categories
Frequently Asked Questions
- What is Vipbid.com.au?
- How does the auction work?
- What is unique bid?
- What if the auction closes and there is not a unique bid?
- What is Max Bid Price?
- Can I bid more than the Max Bid Price?
- How many bids can be submitted in an auction?
- How long will an auction remain open?
- How will I know when an auction ends
- How many bids can I place in a single Auction?
- How can I bay the products and /or service s at or below the Max Bid Price?
- How is the successful bid determined?
- What is the Ending Soon indication?
- How can I see what the successful bid was in an auction?
- How will I know if I have the successful bid in an auction?
- Can I participate in more auctions even though I’ve already been the successful bidder in another auction?
- How much does it cost to bid?
- Can I submit more than one bid per auction?
- What forms of payment do you accept?
- How long do I have to pay?
- What are the different types of auctions?
- How do I earn an Income?
- How can you afford to sell new brand name products for 80-95 %off retail prices?
- How can I contact somebody at Vipbid?
- Will you share my user information?
- Will the product new or used?
- How will my product and/or service be shipped?
- How much do I have to pay for shipping?
- Can I have the product and/or service delivered to and address outside the Australia.
- Can I change or cancel my bid it has been submitted?
- What is your refund policy?
- Where can I go to review my bids or see the status of auctions?
- When will I receive the product?
- Can I see other participants’ bids
- Do the products or services come with a warranty?
- Who can become a member and bid in an auction?
- What if I forget my username and/or password
What is Vipbid.com.au?
Vipbid is a diverse and innovative auction site. It is the new frontier in the online auction community where winning depends on you? It's a fun and exciting way to win brand new products at 80-95 % below retail price, and earn an income while you win by Introducing a friend.
Before each auction, the auction supervisor will determine the maximum bid Price (max bid price) and the maximum number of bids (max # of Bids) that will be accepted for the auction, among other things. This maximum bid price will be displayed for each auction and is referred to as the "Max Bid Price”.
*To participate, users must register and setup a profile in which they choose a level on their membership level.
*After registering members may then participate in an auction.
*To participate in an auction members submit bids, less than or equal to the "Max Bid Price "; in Australian dollars see section Join.
*Each Auction will close when it receives the maximum number of bids (max # of bids) for the auction or meets the other closing requirements.
*After the auction closes, the participant that submitted the successful (winning) bid is determined. The successful bid is the highest or lower unique bid (depend of the type of auction) out of all bids received for the auction.
*The successful participant may then purchase the product and/or service for the successful bid amount submitted by them in the Auction.
*After receiving payment for the successful bid amount, the product and/or service will be delivered to the member.
How does Vipbid Work?
Higher Bid Auction
In a Highest Unique Auction, such as Vipbid, a Maximum Bid amount is set by the Auctioneer that is on average at 1- 10% of the market value of the article. The bidding process is sealed and at the close of the auction the lot is awarded to what is considered to be the Highest Unique Bid that is the highest bid amount that no other bidder has submitted, up to the Maximum Bid amount. The seller recovers his costs by applying an Administration Fee to each bid submitted. Apart from the attraction to purchase expensive articles at a fraction of their value, the Bids available on each lot are limited so that only a certain number of bids may be submitted which dramatically increases the bidder's possibility of been awarded the auction result. This concept is gaining popularity as the increasing cost of new products is distributed across the bidders in a beneficially rewarding relationship. A variation to the Highest Unique Bid Auction is Lowest Unique Bid Auction.
For example, in a single auction the following bids are accepted:
- TV Plasma
- RRP: $1999
- Max Bid price: $19.99
- Max # of Bids: 240
- Bid Fee: $15.00
- Closing Date: 30 July 2007
At the end of the auction the top ten bids may look like this:
- Bid 1: $19.99
- Bids 2:$19.99
- Bid 3: $19.99
- Bid 4: $19.98
- Bid 5: $19.98
- Bid 6: $18.00 Highest Unique Bid
- Bid 7: $17.99
- Bid 8: $17.00
- Bid 9: $16.00 Unique Bid
- Bid 10: $15.00
Bid No.6 is the highest unique bidder and is awarded the auction result and would have to pay $18.00.
He has therefore purchased an item for $18 (Bid max price) + $15 (Bid Fee) = $33 = 1.66% of Retail Price ($1999)!
Lower Bid Auction
A variation to the Lower unique bid Auction is Highest Unique Bid Auction
In this unique auction method, you want to keep your bid as low as possible or as close to $0.01 as you can. You must also keep in mind that in order to win the auction your bid has to be unique. This means you not only need to bid low but, you need to bid numbers that you think other bidders won’t bid.
An example of our bidding page:
- Gift Card
- Retail Price: $100
- Max Bid Price: $1.99
- Max # of Bids: 150
- Bid Fee: $5.00
At the end of the auction the lowest ten bids may look like this:
- Bid 1: $0.01
- Bid 2: $0.01
- Bid 3: $0.02
- Bid 4: $0.02
- Bid 5: $0.02
- Bid 6: $0.03 Lowest Unique Bid
- Bid 7: $0.04
- Bid 8: $0.04
- Bid 9: $0.05 Unique, but not the lowest
- Bid 10: $0.06
Bid No.6 is the Lowest Unique Bidder and is awarded the auction result and would have to pay only 3c. The winner has therefore purchased an article for $3c
What is a unique bid?
A unique bid is a bid that is NOT a duplicate bid. A "duplicate bid" is a bid submitted by a participant in an auction where another participant(s) has submitted a bid(s) for the identical amount. Duplicate bids are used to calculate the number of bids required to close an auction, but are disqualified from being selected as the successful bid. A bid can be unique and still not qualify as the successful bid.
What if an auction closes and there is not a unique bid?
In the very unlikely event that an auction closes and there is not a unique bid, all participants will receive an e-mail describing the situation and will be asked to submit a new bid within 72 hours. There will be no fees associated with the new bid and a special URL will be given to the participant to submit the new bid. If a participant does not submit a new bid, their original bid will be used.
What is the Max Bid Price?
The "Max Bid Price "; is the maximum price a member can bid on a product and/or service in an auction. The "max bid price"; price is approximately 80-95% off Suggested Retail Prices and is the maximum price a product and/or service can be sold for. Even better the amazingly low "max Bid Price "; has no hidden charges and includes all taxes, shipping and handling costs unless otherwise noted in the auction.
Can I bid more than the max bid price?
No. Your bid must be equal to or less than the "max bid price "; price. Bids greater than the "max bid price"; price will not be accepted.
How many bids can be submitted in an auction?
The maximum number of bids allowed in any one auction is determined by the auction supervisor before the auction opens, and may vary between different auctions. The maximum number of bids that will be accepted for an auction will be clearly specified in the information presented for each auction. Once an auction opens, the max # of bids will not be changed for that auction.
How long will an auction remain open?
An auction will remain open until either the maximum number of bids (max # of bids) allocated for the auction is reached .If the minimum number of bids has not been reached, the auction will be extended until the minimum number of bids has been reached. At that time, a closing date of three days will be set and posted on the auction. This is a very good time to bid in an auction because your chances of submitting the successful bid are greater because the maximum number of bids has not yet been reached and you will be competing against fewer bidders.
What is the "Ending Soon" indication? /How will I know when an auction ends?
We will attempt to show an Ending Soon indication on any auction that has only 25% or less of the bids left to go before it hits the maximum number of bids we accept for the auction. If an auction is set up with a maximum of 50 or less bids, the "Ending soon" indication will show when there are 12 or less bids left.
How many bids can I place in a single auction?
Each member can bid on the same item 5, 8 or 12 times (per auction, each auction) depending on their membership level (5 bids per auction for Silver, 8 for Gold and 12 for Platinum). The prize is awarded at the close of each auction to member who has made the lowest unique bid or higher unique bid depending on the type of auction..
How can I buy the products and/or services at or below the Max Bid PRICE?
Every auction offered by vipbid.com.au is for only one/ two item per auction. Like any auction, ONLY the auction winner is allowed to purchase the product and/or service. If you are the successful bidder for an auction, you may purchase the product and/or service for your successful bid amount or. The successful bid in an auction is the highest unique bid or lower unique bid.
How is the successful bid determined?
When an auction closes, all duplicate and unique bids are identified. Duplicate bids are disqualified and unique bids are ranked by value. The highest or lower unique bid less than or equal to the "Max Bid Price "; price is declared the successful bid and the participant that submitted the successful bid is awarded the right to purchase the product and/or service at the successful bid amount.
How can I see what the successful bid was in an auction?
When an auction closes and the successful bid is determined, all auction participants will receive an e-mail with a URL directed toward the "outbid winner’s page." From there you can view the most recently closed auctions. In addition, auction results may be viewed on your bidding history page and all closed auctions will be displayed on the closed auctions page for a minimum of 45 days.
How will I know if I have the successful bid in an auction?
In the event you are the successful bidder, within a few days of an auction closing, we will contact you, via the e-mail address contained in your member profile at the time you submitted the successful bid. If we are unable to contact you via e-mail we will try alternate methods such as telephone and postal mail.
Can I participate in more auctions even though I've already been the successful bidder in another auction?
Absolutely. There are no limits to the number of auctions you may participate in or win.
Who can join and bid? And how much does it cost?
Anyone above the age of 18 can join. There is four ways for joining:
Platinum Memberships-1 year: $149.00
This membership level gives you 12 bids per auction... 80% cash out option, Platinum members have the opportunity to make money while playing at Vipbid. If a Platinum member wins an auction and does not want the product, they have the option of cashing out at 80 percent of the retail value.
Gold Memberships- 1 year -$129
This membership level gives you 8 bids per auction. You may upgrade to platinum membership for only $20.00 more.
Silver Memberships -1 year - $99
This membership level gives you 5 bids per auction.You may upgrade to either Gold level or Platinum level for more bids or introduce friends.
Regular Memberships: Free
This membership it gives you the chance of being member without paying. Vipbid charged the Admin Fee (bid fee) each time you are submit a bid. The Admin Fee is charged for each bid submitted on an auction. It is the cost of taking part in the auction.
Can I submit more than one bid per auction?
Yes. It will depend on the level of membership are you registered with vipbid, Platinum 12 bids per auction, Gold 8 bids per auction, silver 5 bids per auction and Regular, not limited of bids, the bid Fee is charged for each bid submitted on an auction. It is the cost of taking part in the auction...
What forms of payment do you accept?
We only accept payment with a valid VISA and MasterCard, and by Direct Deposit through Pay Pal. We do not accept any other methods of payment. A Pay Pal account can be easily set up at no charge by going to www.paypal.com.au
How long do I have to pay?
Bidding fees are charged at the time you place a bid. If you are the winner of an auction, you will have (10) days, from the transmission of a notification message sent to the e-mail address in your member profile identifying you as the successful participant, to pay the amount of your successful bid. Payment instructions will be included in this e-mail notification.
What are the different types of auctions?
There are two different types of auctions: Lower bid Auction and Higher bid Auction.
How do I earn an Income?
Earn An Income While You Win!
Introduce a friend and:
- You get $1.00 for introducing a new Regular members.
- You get $5.00 for introducing a new Silver member.
- You get $8.00 for introducing a new Gold member.
- You get $20.00 for introducing new Platinum.
You can introduce as many friends as you like and earn money each time!
We aim to sign up as many new members as possible here at Vipbid, in order to offer bigger prizes, better deals and more fun for all.
You could earn back your membership fee in no time simply by introducing your friends, neighbours and work colleagues to our site. Simply tell your friends to use Refer Code that they will be receiving in the email while signing up and you will receive an introducer's fee as soon as we confirm the payment of your friends. It could not be simpler.
The payments are credited to your account and then paid back to you via the same Pay Pal account with which you paid your own membership fee.
To qualify for this fantastic offer simply find some other members to sign up and you could soon be earning an income.
How can you afford to sell new brand name products for 80-90% off retail prices and still donate so much money to charity?
Every participant pays an affordable bidding fee (membership level) or for each bid they place in an auction. By collecting these fees, keeping our administrative costs low and/or by getting product from the retails.
How can I contact somebody at Vipbid?
See the Contact Us section on our website to reach a representative.
Will you share my user information?
Vipbid does not share any member information with affiliates or outside sources, other than those required to conduct the auction and process payments. Please see our Term/Privacy Policy for more details.
Are the products new or used?
All products and/or services are new, brand name products with warranty, provided by the manufacturer or distributor, unless otherwise noted.
How will my product and/or service be shipped?
If you are the successful bidder, once you pay the successful bid amount the product and/or service will be shipped to you. Vipbid will select the delivery method based on the product and/or service to be delivered. Some products and/or services will be shipped overnight while others will be shipped via ground service.
How much do I have to pay for shipping?
Postage, Shipping and Transport is free to Members in Australia and New Zealand with a valid delivery address. Installation costs where applicable are not included.
Can I have the product and/or service delivered to an address outside the Australia?
Yes, Australian or New Zealand billing and delivery address, you need to become Members and participate in the bidding process.
Can I change or cancel my bid once it has been submitted?
When you submit a bid you will be asked to verify your bid prior to final submission. As a general policy bids cannot be changed or cancelled once they have been submitted. We will consider special requests on an individual basis providing that the request is submitted while that auction is still open. A confirmation e-mail will be sent to the e-mail address in your member profile verifying your bid was accepted. If you received a confirmation e-mail and suspect fraudulent use of your credit card, please Contact us
where can I go to review my bids or see the status of auctions I have participated in?
When you submit a bid, a confirmation e-mail will be sent to the e-mail address in your member profile verifying the bid was accepted. Bidding histories, auction statuses and results may be viewed on your bidding history page.
What is your refund policy?
As a general policy, refunds and credits for bidding fees will not be issued. We will consider special requests on an individual basis providing that the request is submitted while that auction is still open. Please see the term and condition for more details on our refund policy.
When will I receive the product?
Usually you will receive the product 1-2 weeks following payment of the successful bid. However it can take up to 45 days depending on the product and shipping and distribution times.
Can I see other participants' bids?
No. This is a "blind" auction and all bidding information is kept in the strictest confidence. Only the auction supervisors and auditors will have access to bid amounts while an auction is open.
Do the products or services come with a warranty?
All products include the full manufacturers or service providers' standard warranty.
Who can become a member and bid in an auction?
Anyone above the age of 18 with a valid Australian or New Zealand billing and delivery address may become Members and participate in the bidding process.
What if I forget my username and/or password?
Your username is the e-mail address we have on file for you. If you change your e-mail address in your profile, your new e-mail address will become your new username. To recover your password, just click on the "I forgot my password" link on the Member Login Page and your password will be e-mailed to the e-mail address stored in your member profile.
Lower Bid Auction
| Notebook Sony VAIO... | |
|---|---|
| Retail price: | $2499.99 |
| Max bid price: | $59.99 |
| Bid Fee: | $9.00 |
| Required bids: | 499 |
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| CHANEL #5 100ml | |
|---|---|
| Retail price: | $179.00 |
| Max bid price: | $2.15 |
| Bid Fee: | $4.00 |
| Required bids: | 255 |
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High Bid Auction
| Boss 90ml EDT Spra... | |
|---|---|
| Retail price: | $130.00 |
| Max bid price: | $1.41 |
| Bid Fee: | $4.00 |
| Required bids: | 79 |
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| Café Roma Stainles... | |
|---|---|
| Retail price: | $299.00 |
| Max bid price: | $6.99 |
| Bid Fee: | $5.00 |
| Required bids: | 739 |
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