Frequently asked questions (FAQ)
What is a lowest-bid auction?
The winner in a lowest-bid auction is the one who has placed the lowest unique bid. The lowest unique bid refers to the lowest bid which no other
participant has placed. (See illustration under
How it works).
This means that you can acquire products at a very low price.
How do I participate?
In order to participate in an auction you have to place a bid. This is done while the auctions are running. Click on the item you are interested in
and follow the instructions. You place a bid via your BidWoman bidding account.
Are the items second-hand?
No, everything is brand new!
How do I place the lowest unique bid?
BidWoman is based on a computer program which automatically monitors all of the bids that are placed - this enables the program to identify the lowest unique bid.
First, the system scans all of the unique bids, and then a second scan is done where the lowest of these bids is found.
The challenge to the bidder, which is a challenge that requires skill, is to place a bid on a unique number, but a number that is still very low.
What happens if my bid is the lowest unique bid at the end of the auction?
After the auction has ended, we will send an invoice to the email address you have provided in your member profile.
You will receive the invoice 4-5 business days after the auction ended. The invoice is based on the amount you have placed + shipping costs.
Please make sure that the address stated in the invoice is correct, and then proceed to pay the amount by clicking on the link provided in the email.
The auction item will be delivered once you have provided payment (please find delivery estimates below).
What is the delivery estimate for the items on auction?
Items are normally delivered 1-4 weeks after the invoice has been paid. In rare cases there may be delays from the product manufacturer that prevents
BidWoman from delivering the item to the winner within 4 weeks, and in these cases BidWoman pledges to notify the customer of the delay and explain the circumstances.
All items are delivered by courier, to the address specified in the winner’s BidWoman.com account.
Can I personally collect my purchased items?
No, all items are sent directly from our suppliers.
Can I auction off my own items at BidWoman?
No.
When do the auctions start and when do they finish?
New items are continuously listed at BidWoman.com. The auctions close at specific dates which are stated on the website.
What happens if there are no unique bids?
This situation is highly unlikely. Should it happen, 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, the lowest bid will be calculated
using exactly three bids according to the same procedure and so on.
Can I withdraw a bid?
A bid that has been submitted cannot be withdrawn.
Am I allowed to place multiple bids on the same auction?
Yes, it is allowed to place multiple bids on the same auction. By using your bid account you can easily place interval bids (see below).
What is an interval bid?
An interval bid is an easy way of placing bids on every amount within a specific interval, for instance between 15 cents and 25 cents (11 bids).
All bids from 15 to 25 are then placed in one go. The result of your interval bids are easily monitored under current bids on “my auctions”.
How much does it cost to place a bid?
The bidding fee varies depending on the item, and is clearly stated on the page for each item.
If I place a non-winning bid, do I still have to pay the amount I have offered?
No, just as in a normal auction, only the winner of the bidding pays for the item.
If I place a bid which is too high, can it still be the lowest unique bid at the end of the auction?
Yes, the lowest unique bid changes during the course of the auction, which means that the amount which is currently the lowest unique bid,
is not necessarily so at the end of the auction.
What is the delivery cost for the item I have purchased?
The winner of an auction will receive an invoice of the amount which has been placed plus a delivery cost which is due to be paid within 30 days after the
auction has ended. When purchasing larger items, such as a TV, shipping costs are generally higher than smaller items.
Can I place a bid in Euro or only in Cents?
We only allow bids in cents.
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 affect the course of events and thereby also the result.
How do the auctions work if the participants are using different currencies?
Some of the auctions on BidWoman are international, meaning that people from different countries using different currencies are participating.
The currencies are converted in a system in such a way that the bids from the varying countries are assigned the same value in the auction.
In this system, 5 GBP pence or 5 EUR cents are all worth the same. As such, it is possible to regard the winner as the one with the lowest unique “number”,
since the currencies are converted to the same value.
Is a lowest bid auction in fact a form of competition?
No.
Other questions
If you have any more questions, you are welcome to contact us at support@bidwoman.com.