Our 'Highest Unique Bid' auctions offer
an opportunity for you to lay your hands on say, a $250 Cash Card
for under $20, once it appears that you have entered the successful bid
at the closing of an auction.
Here's how it works:
As a Gas Card Auctions member you can bid on Cash Cards which are
auctioned continuously. Each auction has a bidding ceiling which is
always set lower than $20. This means that your bid can never be
higher than $20 or whatever bidding ceiling is set for that auction.
A bidding ceiling for an auction could be as low as say, $2.70.
If your unique bid is the highest at the closing of an
auction, you are the successful bidder.
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If
the auction script determines after an
auction has closed that your bid of say, $2.35 was the highest
unique bid for that auction and the value of the Cash Card
was say, $250, you would have secured a $250 Cash Card and
it would have cost you only $2.35 plus the admin fees you
have spent for that auction.
Each auction is subject to increments at which bids can be
entered. When the increment has been set at say 5 cents, it means
you could start at 5 cents, then enter 10 cts., 15cts. etc,
all the way up to $20. When increment is set at 5ct. you
cannot bid $3.33, $7.72 or say $12.77 because those amounts
are not dividable by 5.
When an auction has been set up and is running, the
'reserve' (cost of the cash card) has to be attained before
the auction can close. The reserve is the number of bids
needed to cover the value of the Cash Card.
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Featured auction |
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Auction
ID |
6260 |
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Admin Fee |
$
2.00 |
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Max bid |
$
9.98 |
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Card Value |
$
300.00 |
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Reserve
bids |
150
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Bid increment |
$0.01 |
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It is determined by the value of the Cash Card divided by the value of
the admin fee (admin fees are usually $2 per bid). In other words, the
reserve for a $500 cash card will be 250 bids. (250 X $2 = $500).
A countdown to the 'reserve' will appear on the home page as soon as
the last 20 bids before the reserve will be attained have been
reached. As soon as the reserve is attained, this countdown will be
replaced by another one which shows days, hours and minutes left to
the closing of the auction which will always be 48 hours after
reaching of the reserve and be always at 20.00pm.
Members will be reminded by email about the closing of the auction on
the closing day so they still have an opportunity to enter bids.
Each participant in an auction receives an email when it has
closed, advising whether their bid was successful or not.
You can follow the status of your bids in your members area
in real time. If you at any stage during the auction
are the holder of the highest unique bid and it has been disqualified
by another similar bid entered, you will be notified immediately by
email.
An
admin fee will apply to every bid you enter. Fees can vary between
$1.00 to $3.00 depending on the value of the auctioned card and is
announced on the auction's bidding page. When you enter a bid, only
the admin fee will be deducted from your internal account balance -
NOT the bid amount itself.
You don't pay for your bid until it has been registered as the highest
unique bid at the end of an auction.
learn
more>>>
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Join the many Americans who already
are benefiting from this opportunity
and start bidding now.
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