BidHere

BidHere is a gaming site where people purchase credits to place bids in auction based games where the winner has the opportunity to purchase objects such as electronics, jewellery, watches, and accessories..

Functionality

To participate in an auction game, registered users have to purchase bids, or bid packs. A bid costs sixty cents and they can be acquired in packs of 25, 50, etc. Each bid increases the price of a product by 2¢. Each credit is good to place one bid. However, the prices of the bids may vary according with the gambling taxes in different countries. Each time someone bids if 20 seconds pass and someone else places a bid then they start the bidding process all over again, so the bidding process may go on an indefinite time until all bidders but one stop bidding.

Apart from making single bids everywhere, users can place bids in blocks with the system called BidMonkey. Once the BidMonkey is active, it can place bids in the last 10 seconds of each auction in attempting to keep the user the first ranked. It places automatic bids up to your designated price, and is similar to the format presented by Ebay in which a top price can be entered.

The money collected from BidHere comes from the bids placed and from the product that is purchased. There are many examples that for example a product can be indicated to be sold for $1000 while the bids place it somewhere around $780. However, the site makes money from the bids that people made, and even if they paid to bid on the product, they will not get anything in return.

Controversy

Sites such as BidHere can be placed somewhere between the bidding sites, and gambling. However BidHere maintains that skill is required to win. As with many auction sites, there are mixed reactions that come with the site. Numerous websites and magazines claim that BidHere is a legitimate company, and there are some websites that claim of bad experiences with BidHere.

Verifiability

The site assures you a privacy policy guarantee and the fair auction guarantee. Additionally, most products sold on the site are new. In addition, there is a money-back guarantee, where if a won auction product is shipped to you, and is not in new condition, they can refund your purchase, or send you a new one. All products won on BidHere come with a manufacturer warranty that is usually about one year to two years. Once you receive your product, you have a 14 day return period, where you can return the item that you won for a refund on the final purchase price.

See also

• Bidding fee scheme
• All-pay auction
• Dollar auction