2: Purchase a token package.
3: Play tokens on one or multiple auctions that pique your interest.
Auctions are designed as a pay-per-bid format. Once a buyer places a bid, they will be notified on the auction screen what position they’re in for each token they play. Individual buyers do not know the position of other bidders. The seller is always blind to the position of play, whether it be of a particular participant’s standing in the race or the current number of tokens played on their item.
If a buyer plays the final token required by the seller, they win! If the auction item is up for 150 tokens, the 150th token played wins. Upon winning, a pop up window will ask for the buyer’s acceptance of the terms and conditions via the submission of one (1) additional token to be deducted from the buyer’s account to finalize the deal. Upon confirming the sale with a final token, the buyer will be prompted to provide their home mailing address and complete payment for shipping costs.
Once the seller receives the confirmation of the sale and shipping information, they are responsible for shipping the item in one (1) week. When the buyer receives the item, they will acknowledge their receipt of the item, which prompts the closure of the transaction. In the case of a buyer failing to complete the transaction by paying the one (1) additional token within twenty-four (24) hours of winning the auction, the buyer will forfeit their right to acquire the item. The auction will automatically default to the next to last bidder who played a token in the same auction.
2: Visit the Sell on BidLife page, where you’ll enter price, details, and photos to your product.
3: Post the auction or sale item and await its purchase.
Sellers are offered the choice to list their items as auction or shop items. When selling auction items, the seller must list the monetary value of the item as the price and BidLife will calculate the number of tokens required to achieve that price. Tokens are valued at $0.25. If the seller values an item at $10, the number of tokens required for the sale would be forty (40). When selling items directly to buyers, the seller must simply specify the monetary value of their item. Buyers can pay that dollar amount outright plus shipping for the item, which will close the sale. Once receiving order confirmation, the seller has one (1) week to ship out the item.
Upon the buyer confirming the receipt of the item(s), funds will be released to the seller’s account within seven to fourteen (7-14) days. BidLife commission fees under the auction format are nine (9%) percent for ‘Standard’ or eleven (11%) percent for ‘Featured’.
1: Sign up with a new user account or log in to an existing account.
2: Browse items available to shop.
3: Purchase any item that you wish.
Buyers with BidLife are afforded the option to purchase items outright from sellers, per the sellers’ choice in listing them as a sale item available for direct purchase. When purchasing an item directly from a seller, the buyer is responsible for paying the full item price as designated by the seller, plus shipping. The buyer will be prompted to fill out mailing address information and payment information. Once the transaction is completed, the seller has one (1) week to ship the item out to the buyer.
Upon the buyer confirming the receipt of the item(s), funds will be released to the seller’s account within seven to fourteen (7-14) days. BidLife commission fees under the shop format are eleven (11%) percent for ‘Standard’ or thirteen (13%) percent for ‘Featured’.
When purchasing an item directly from a seller, the buyer is responsible for reading the full item listing before participating in an auction or committing to buy the item directly from the seller as described. The buyer enters into a legally binding contract to purchase an item when committing to buy an item directly, or a winning bid is placed on an auction item. The buyer is responsible for paying the shipping costs associated with the item(s) acquired via auction or direct sale. The seller is responsible for paying a flat fee commission rate of eleven (11%) percent for ‘Standard’ or thirteen (13%) percent for ‘Featured’ when selling directly to the buyer. The seller is also responsible for paying a flat commission fee of nine (9%) percent for ‘Standard’ or eleven (11%) percent for ‘Featured’ when selling an auction item. This commission is non-negotiable and auto-calculated by BidLife prior to funds being released to the seller for a completed transaction. Funds will be deposited to the seller seven to fourteen (7-14) days after the transaction has been completed. Please refer to the BidLife Terms & Conditions for further information.
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