How UBuy Lowest Bid Auction Works.
Let us say seller puts up an item worth $100 on auction.
Users pay what amount you set, say $1 for posting a bid. They can bid any amount like say $1.25, $2.56, $4.56 etc.
After you get 100 bids, also set by seller, you earn $100 (as each bid costs $1).
At this stage the auction closes and the person making lowest unique bid (e.g. say $1.25) gets the item for that price.
This way winner gets item worth $100 for a very small price.
And you as seller can make a good profits based on the terms of Bid placing costs.
This whole contact is a WIN-WIN situation for all.
This concept of selling items like this has great entertainment value. So, users love it... VERY LOW PRICES + GREAT FUN
Have an item to Sell ... contact us here