How it works

 

How the Lowest Unique Bid Auction Works

-You can open and use only one account in your name.
-Place a Bid at the price that you want to buy the item being auctioned.
-The Minimum Bid amount is US$1.
-If your bid is unique and is the lowest among unique bids, you win the auction.
-For each bid you place there is a non refundable Bid Entry Fee of 1 Credit.
-You can use your Bonus Credits to pay for the Bid Entry Fee.
-You can buy additional Credits using your Credit or Debit Card, or PAYPAL Account.
-All bids are blind, they remain secret until the end of the auction.

 

What is a lowest unique bid?

Bid US$8
Bid US$8
Bid US$7 - unique bid - but not lowest - not a winner
Bid US$6
Bid US$6
Bid US$6
Bid US$5
Bid US$5
Bid US$4 - unique bid – lowest - winner
Bid US$3
Bid US$3
Bid US$2
Bid US$2
Bid US$2
Bid US$1
Bid US$1


In the above example, the winning bid is
 US$4 because it is the lowest bid that no one else has also entered as a bid.

In order to participate in auctions, the participant must purchase Credits. One Credit has a face value of US$ 1. Credits may be purchased in packages of 5, 10, 20, 35 and 50 credits. The more credits you buy at a time the more Bonus Credits you get. Participant account Credit balances are not transferable, nor refundable.

The online transactions are processed via PAYPAL, one of the most trusted and secure payment processing services in the world. We do not handle or store your Credit Card information on our servers.

If your bid is a winning one, we will contact you by phone or e-mail. Then you can purchase the item from us for the price you have bid. You will have Thirty Days in which to pay through your account on AuctionBall.com website by Credit or Debit Card, or PAYPAL Account. The item will be shipped to you by Courier (We pay the Courier charges), within 15 days after receipt of funds.

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