UNDERSTANDING OUR ONLINE BIDDING PROCESS FOR NBAUCTIONS.CA's Website.
All auctions begin at $1.00 . Bids are accepted in $1.00 increments. NBAUCTIONS uses the proxy(automatic) method of bidding, meaning that our system automatically can bid on your behalf up to the maximum amount you have indicated (if necessary).
The definition of proxy bidding (used by eBay), is stated below.
"Proxy bidding is an implementation of an English second-price auction used on eBay, in which the winning bidder pays the price of the second-highest bid plus a defined increment."
Examples of our bidding process are explained below:
If an auction has no bids, and you enter a maximum bid of $25.00, your current bid starts at $1.00 and if nobody else bids, you will win the auction for $1.00.
If another bidder bids $15.00, the system will automatically increase your bid to $16.00.
If another bidder bids $26.00(or higher), you have been outbid and your current bids section within your members area will have a red box indicating you have been outbid.
You have the option to increase your proxy bid at any time before the auction for that item ends. NBAUCTIONS will never exceed your maximum bid.
All items are sold to the highest bidder at the time the item has closed.
When we sell a "lot" of items, your bid price is for the whole amount for one price, not times the count. Example - if we are selling 6 of an item and you bid $10, you are bidding $10 for all 6, not $10 for each item (totaling $60).
Please be advised that to bid you must become a new registrant (it is free to join) to nbauctions.ca.
All winning bids must be picked up and paid/or prepaid for by the Deadline listed with each item following an auction end. Failure to do so will result in your account being suspended and no further bidding will be allowed (A "onetime" reactivation fee of $10.00 must be "prepaid" to allow bidding in the future).
There is the option of pre-paying for your winnings via Pay Pal or e-transfer in which case your items are 100% held for you until such time you are able to pick them up. Note**If your bank requires a password for etransfers please use the word nbauctions
Pickup Location: Affordables4u @ 117 Main St. E - North Bay, ON (COVID RESTRICTIONS IN PLACE - SEE PICKUP DAYS/TIMES POST)
Mon-Wed 10-5pm (CLOSED) Thurs 10am-5pm / Friday 10am-4pm / Saturday 10am-4pm / Sunday-(CLOSED) ***SEE FREE DELIVERY POST FOR INFORMATION**
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