Unlike eBay auctions bidders try to bid as low as possible and the person who places the lowest bid which is not placed by anyone else will win the auction. Lowest unique bid auctions allow winners to buy big ticket items for an incredibly low prices. More information on lowest unique bid can be found underHow it Workssection.
What is BidSniper?
BidSniper is your slave and works on your orders. BidSniper was specially designed for busy people who do not have too much time to sit and bid on auctions. You can now simply enter the amount, number of bids, suitable time and BidSniper will place the bids for you. Try it, you will love it!
How do I participate?
Participating in Cashop auctions is as easy as eating crisps and drinking coke. Simply login to your account, hit the add funds button under My Cashop to get some credits and get bidding on your favorite auctions with in minutes. Bidding on Cashop is very exciting and there are two ways you can place bids, by logging in to your bidding account or using BidSniper to place your bids automatically at your chosen times. More information about BidSniper can be found by clicking on how to use BidSniper graphic on bid sniper page.
Is it more expensive to use BidSnipper than account bidding?
No! BidSnipper is just a very cool feature designed to give you more flexibility and ability to place bids virtually. There is no additional cost or hidden charge to use BidSnipper.
Are the items second-hand?
All items on Cashop are factory sealed and come with manufacturer warranty.
How do I place the lowest unique bid?
Placing a unique lowest bid can be so much fun; it?s like a guessing game but surely anyone who is able to think different and creative will easily come up with a number that no one else might think. So it?s down to your wits, so smarter you are the higher the chances will be. However when you place a bid the system will tell you right away if your bid was lowest unique or not. Once you place a lowest unique bid, the system will notify you by email.
What happens if my bid is the lowest unique bid at the end of the auction?
If your bid is the lowest unique bid at the end of an auction that means you should go out and celebrate, as you have probably won something nice for pennies. Once you are confirmed as a winner of an auction we will send you the invoice for your bid amount + shipping cost to your registered email address with in 2-5 business days. Double check your shipping details and follow the instructions to make payment. Payment can be made using debit/credit card or Paypal. We will ship your winnings once the payment is cleared.
What is the delivery estimate for the items on auction?
We intend on shipping your winnings ASAP, however items are usually delivered with in 1-4 weeks once the invoice has been paid. In case there is any unusual delay in delivering the products may caused by the manufacturers/suppliers we will notify the customer and explain circumstances. All items are delivered by courier, to the address specified in the winner?s Cashop account.
What is Cash It feature in Cashop?
Cash It is another one of the coolest features of Cashop. Cash It allows you to exchange your winnings with cash and saves you the hassle of trying to find a buyer for your unwanted items.
How do i get paid if a choose to convert my winnings to cash?
Cashop will post a cheque of Cash It value to your verified delivery address. Make sure you check and verify your name and delivery address, we will only issue cheques to your name and post them to your verified address to prevent fraud.
What does Convert It feature do?
Convert It is yet another cool feature that allows users to convert their winnings to bidding credit. When you choose to convert your winnings, an equivalent value of bidding credit gets added to your account balance.
Can I personally collect my purchased items?
No, all items are sent directly from our suppliers.
Can members auction off their own items at Cashop?
No. All auctions are administered by Cashop administration and sales staff.
When do the auctions start and when do they finish?
Many exciting auctions are continuously being listed at cashop.co.uk. Auctions close date and time is specified on each of the ongoing auction box.
What happens if there are no unique bids?
The possibility of such occurrence is highly unlikely. If that?s happens, our system will automatically calculate the lowest bid using exactly two bids. The first person to have placed the bid will then win the auction. If no lowest bid using two identical bids can be found either, the lowest bid will be calculated using three identical bids according to the same procedure and so on.
Can I withdraw a bid?
Once a bid is placed it cannot be withdrawn.
Am I allowed to place multiple bids on the same auction?
Yes, you may place as many bids as you like on same auction using multiple bidding feature of your bidding account. You can also use BidSniper to automatically place multiple bids on same auction for you.
What are Multiple bids, how do I place them?
Multiple bid is a clever way of placing bids on every amount within a defined interval, for example between 5 pence and 15 pence 11 bids are placed on each amount. All bids from 5 to 15 are placed all at once. The results of your multiple bids can be viewed under bidding history section of My Cashop.
How much does it cost to place a bid?
The bidding fee may vary product to product and is clearly stated on each auction window.
If I place a non-winning bid, do I still have to pay the amount I have offered?
No, just like regular eBay auctions only the auction winner will pay the final value.
If I place a bid which is too high, can it still bethe lowest unique bid at the end of the auction?
Yes, since the bid has to be unique, so during the course of the auction when multiple users keep placing the lowest bids the unique bid keeps changing and usually goes higher and higher. Which means any bid which is unique after the multiple lowest bids becomes the lowest unique bid. It is not necessary that a lowest unique bid placed at the beginning of the auction will remain lowest until the end.
What is the delivery cost for the item I have purchased?
Delivery cost of each item could be different and is clearly indicated on final invoice sent to the winning bidders.
Can I place a bid in Pounds or only in pence?
We intend on keeping the winning bid as low as possible so all bids are placed in pence only. Bids are only considered and charged in pence.
Is a lowest-bid auction in fact a form of lottery?
No, a lottery operates on pure chance. In a lowest-bid auction, the participant can easily influence the results by unique and creative thinking. A creative thinker stands much higher chances of winning then any of his competitors.
How do the auctions work if the participants are using different currencies?
Currently Cashop only supports (?) GBP and does not accept payments in any other currency. However we have expansion plans in near future so stay tuned.
Is a lowest bid auction in fact a form of competition?
No. lowest unique bid auctions are based on innovative thinking so anyone with creative mind can win and each user gets the chance to win many times during the course of auction.
What is the Status Bar on the auction blocks underneath Max Price?
That Status Bar Represents Bid Quota. Bid Quota is the minimum number of bids required for an auction to close. The status bar fills up green when members keep bidding on an auction. The auction closes when quota reaches zero and the Status Bar turns completely green.
What is Max Price?
On Cashop all bids are placed in pennies and Max Price is the maximum price level that a member can place bid for. For example if the Max Price is set to ?10 for an iPhone auction, members will only be able to place bids for ?10 or lower.
How watchlist alerts work?
Watchlist is yet another cool feature of Cashop where members can keep an eye on their favourite future or current auctions by adding them to their Watchlist. Cashop reminds members when their watched future auctions are about to start or ongoing auctions are about to end.
Other questions?
If you still do not understand anything you can email us your questions and we will try our best to send you our response with in 72 hours.
