A. reverse auction is an auction with a difference, where people can buy goods such as computers, Ipods and Home Theaters for pennies! Registered users enter an auction - Their aim? To outwit fellow bidders by placing what they think will be the lowest unique bid. You could be driving away in a brand new car? all for pennies!
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A. It costs nothing to sign up and become a registered UnikBid user.
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A. UnikBid is a member of Maprix Group registered in Michigan, U.S.A for the purpose of offering reverse auctions to members of the public.
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A. Users have to be 18 years or over to participate in auctions. Winners will have to produce proof of their age as part of the verification process.
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A. This is unique identification that you choose when using the UnikBid site. This protects your privacy and helps you to easily identify yourself on the UnikBid site.
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A. Registered users place bids on selected items offered by UnikBid through a ?sealed bid? process. Their aim is to place the lowest unique bid. Every auction is limited to a specified number of bids (e.g. maximum 100) or a time limit. As soon as that limit is reached, the auction automatically closes. After the auction has closed, the winning bidder then purchases the item from UnikBid for the lowest unique amount they have bid.
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A. For Example A Reverse Auction Might Have The Following Characteristics? Auction Product: Xbox 360 Bundle Maximum Number Of Bids p: 100 Regular Retail: $499.00 Assuming that the following bids (in increments of 10 cents) are received: Bid 1: $0.10 Bid 2: $0.10 Bid 3: $0.20 Bid 4: $0.20 Bid 5: $0.20 Bid 6: $0.30 Bid 7: $0.40 Bid 8: $0.50 Bid 9: $0.50 Bid 10: $0.50 ?Then the bidder that placed Bid 6 would win the auction and purchase the Xbox 360 for 3p, because it is the lowest unique bid that has been placed.
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A. Easy. Just click on the auction you would like to enter, and then place your bid in the ?UnikBid? box.
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A. Yes, you can place up to 100 bids.
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A. Registered users can take part in as many auctions as they like.
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A. This is the lowest bid amount entered in the auction that has not been placed by more than one person. For example, if bidders X, Y and Z place a bid of 1p, but bidder A places a bid of 2p, although this is not the lowest bid in the auction, it is the lowest unique bid placed.
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A. No. Items auctioned on the site are strictly up for auction, not for sale.
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A. Usually, one item is placed for auction. However, UnikBid may decide in the future to place multiple items for sale in the same auction.
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A. Each auction will display how much time is left before the auction closes. If there are no unique bids when the auction closes, bidding will continue in one minute intervals until there is a unique bid.
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A. Your username will display on your screen along with your bid amount and one of the following messages: Duplicate Bid is lower than lowest UnikBid Duplicate Bid is higher than lowest UnikBid UnikBid higher than lowest UnikBid LOWEST UNIKBID
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A. The Auction ID code is a unique number allocated to each successful bid. This enables you to reference the auction in the ?Bid Progress? section, as well as checking to see if you are a winner when the results are published. Your auction ID code will be sent to you in your bid confirmation email.
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A. UnikBid will send you an e-mail informing you that you have won the auction. Your name will also appear on the results pages as the winner of the auction.
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A. The results of previous auctions may be found in the ?View Won Bids? section.
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A. Login to UnikBid and go to the ?My Account? section. You will find full details about your past bids in the ?My Bids History? section.
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A. If there are no unique bids when the auction closes, bidding will continue in one minute intervals until there is a unique bid.
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A. Checkout by Google.
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A. You will receive an e-mail to confirm that your bid and payment have been processed successfully.
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A. No. UnikBid is not a direct retailer. Any fault or damage claims should be taken up with the manufacturer.
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A. The User Agreement can be found by following the User Agreement link at the bottom of the site.
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A. Yes. UnikBid abides by the Data Protection Act and is obliged to keep customer?s data confidential. UnikBid does not make information available to third parties without the explicit permission of the customer.
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A. Yes. A secure third-party payment-processing provider is used to process all credit/debit card transactions. The third-party payment processor?s pages are encrypted SSL secure pages.
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A. If your login fails because you have forgotten your password; you can have it e-mailed to your registered e-mail address. In the unlikely event that you are refused entry or the system fails, please contact UnikBid.
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A. You will find our contact details by following the ?Contact Us? link that always appears on the Top right-hand corner of the site.
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A. If you encounter any problems with the site, please e-mail our customer support desk: support@UnikBid.com We aim to respond to customer enquiries within 24 hours.
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