New to Bid or Buy R1.00 Bids ?

[vaughanza 10]

Hi

I am trying to understand this, how does anyone make any money if there item goes for R1.00 ?

How does a seller make any money if it goes for R1.00 ?

 

Thanks

Vaughan

[Just Beachin 10]

It's a gamble!

[vaughanza 10]

Are you serious , my daughter bought a Android Tablet for R1.00 and paid for the shipping. She received it and it works fine, wifi everything.

I just thought there has to be a catch somewhere .

Thanks

[Just Beachin 10]

The seller is obviously hoping for a bidding war, congratulations to your daughter!

[Just Beachin 10]

Also, sometimes the shipping charges cover the cost of the item.

[vaughanza 10]

That's true , Shipping costs from there was about R350. Well did my first Bid and see how it goes .

Thanks

[wayjen 10]

Welcome!

 

Those auctions are always discussed her on the forum with various trains of thought as to why people do them. You are lucky to win a R1.00 and get something worth 100 more then what it was selling for but be aware that some Sellers make up the shortfall via postage which is illegal in BoB's eyes.

 

The Seller on a R1.00 auction must be prepared to let the item go for a R1.00 even though they were hoping for an auction fight which sometimes does happen. We have, on occasion, got Sellers coming to the forum moaning about how they lost on a R1.00 auction and likewise Buyers coming here crying that they had a bid and the bid was deleted because the Seller felt that R1.00 was not a fair price.

 

Just be careful and please read all info supplied by the Seller and that goes for ALL auctions on BoB and anywhere else.

[lilythepink 10]

I've picked up many R1.00 bargains but, then, I've probably lost an equal amount when other people have got bargains from me. But it is all a great deal of fun - BoB becomes an addictive hobby if you let it!