Auction Types
Items on Bargainz.IN are called listings, which have specific characteristics, sales conditions, and prices.
On the marketplace and online auction, you can purchase an item at a fixed price or by participating in auction bidding. You can select the auction type in the left menu on the category page:
- Simple Auction – an auction with a starting price;
- Auction with Buy It Now Option – an auction with a starting price and a fixed "Buy It Now!" price;
- Buy It Now! – an offer with a fixed price. With this auction type, purchase via the Shopping Cart is available.
- Auctions from 1₹
– auctions where the starting price is 1 rupee. - Discounts – a section where discounted items are presented.
Simple Auction
An auction with a starting price. Bidders place bids using the automatic bidding system, and the buyer becomes the one who offered the highest price.
You do not need to monitor whether your bid will be outbid or not: in the "Your Maximum Bid" field, enter the amount you are willing to pay.
If another user bids on the same listing, you will be notified by email. You can bid again by increasing your offered price.
The winner of the auction will be the participant whose bid is the highest at the time of the auction's end. If several users offered the same amount, the winner is the one who bid first.
The automatic bidding system will raise bids instead of the user, without exceeding the maximum amount specified by the user, by the bid increment.
Auction with Buy It Now Option – an auction with a starting price and a fixed "Buy It Now!" price
You can participate in auction bidding or make a purchase immediately at the price offered by the seller, even if other participants have placed bids:
Buy It Now
This is an auction type with a fixed price offer, where every participant who submits a request to purchase the listing becomes the buyer.
If several identical items are listed within a listing, then when purchasing, you must also specify the number of item units you want to purchase.
With the fixed price auction type, purchase via the Shopping Cart is available.
By clicking the "Buy It Now!" button or adding an item to the Shopping Cart, you must complete the transaction.
If the item is in the Shopping Cart, you must go to it, click the "Checkout" button and fill in the contact details.
If the item is purchased through the "Buy It Now" button, the buyer is automatically taken to the Checkout page, where you also need to fill in the contact details to complete the transaction.
After completing the purchase, the transaction is assigned a number, which the buyer and seller see in their personal account (My Auction) > Transactions.