On BNSBids, buyers can bid on items and compete against each other to purchase the item.
An auction can last for a few days depending on the duration when it started, the maximum amount of days any auction can last is 14 days.
If your bid is high enough to take the lead in the auction a confirmation message will be displayed. The bidder with the highest bid, equal to or above the Reserve Price, is considered the winner of the auction, however, if your bid has not taken the lead you will have the option to make further bids.
A notification email will be sent to let bidders know about the status of the auction.
If a bid does not match the Reserve Price, the price will show in Red, and the auction will continue until reaching the Reserve Price or a higher price.
When you place any bids on items, the items will be added to your current bids page, buyers can see the status of a bid or retract a bid from the Current Bids (Home > Members Area > Buying > Current Bids) menu.
Note: All types of vehicles and property listings are non-binding but this does not mean you can press buy it now or place a bid with no intention of completing such a commitment.
Activity that involves press buy it now or place a bid with no intention of completing such a commitment goes against our no intention to pay policy.
How To Place Bids:
1. Find the item you'd like to bid on.
Carefully review the images and description provided including other relevant information on the details page.
2. Enter your chosen amount into the bid box then click the Place Bid button. (no currency symbols are required)
3. confirmation screen will display the minimum bid needed and will allow you to adjust your bid accordingly.
You will now see confirmation that you are the high bidder or a message telling you that you have been outbid, or the reserve price was not met.
You can also add a proxy bid:
A Proxy Bid means that you bid an amount that is higher than necessary. The auction software will raise your actual bid to the minimum necessary to try and stay in the lead but will remember your maximum. If someone else comes along and tries to outbid you, the auction software will automatically place additional bids on your behalf up to the value of your proxy bid.
For Example, if the current bid on an auction is $£100, you can place a proxy bid of $£200. Should you remain the only bidder you will only pay $£100. However, should the item receive other bids, we will automatically keep re-biding for you up to the value of $£200 as provided by you (the bidder) to ensure you remain in the lead.
How to proxy bid:
Adding a proxy bid is similar to placing a bid as explained above.
1. Enter your chosen maximum amount your willing to pay into the bid box and click the Place Bid button.
This will activate the proxy bid system and we will bid on your behalf up to the value of your proxy maximum amount your willing to pay.
You can readjust your proxy bid by increasing or decreasing your proxy bid amount.
If you would like to cancel the proxy bid then simply adjust your bid to match the Minimum Bid value shown below the bid box.
Auctions With Buy it Now - Make Offer
Auctions can include a buy it now or make an offer, one or both options will be visible on the details page if the seller has included the options.
Auctions With Buy it Now:
The buy it now option will override any reserve price, however, if the bid amount becomes greater than the buy-it-now price, will automatically remove the buy it now option.
Auctions with buy it now option is not considered as an auction and will follow the same format as buy it now listing.
Auctions With Offers:
Some sellers allow potential buyers to make an offer to buy their items, to avoid having to wait for the auction to end.
If the make offer option is available and you would like to make an offer to buy the item, here's how to make an offer:
You will receive the following message: Your offer, in the amount of xxx, has been posted successfully.
Offers between buyer and seller are managed on the accept offers page in your account, you will need to check the status between you and the seller.
