FAQ

The Traditional Auction is a so called "ordinary" auction
which a classical form of a Dutch auction where the starting price of the item (0 GBP) is increased by a set price with every Bid placed.

• The cost of Bidding on the Traditional Auction is always defined in the Auction details on the "Bid" button.
• After each Bidding the price of the item is increased by at least 1 pence (00.01 GBP)
• The Auction lasts as long as there is a bidder that wants to purchase with a price higher than a current one and outbids other Auction participants.
• Each User can manage their Auction and Bid independently or can activate the Autobid that will help manage a selected Auction during the User's absence.
  

The 24 h Auction is an Auction which is not restricted by the Opening Hours of wellbid.com Service (Mon-Fri: 08:00 - 24:00, Sat-Sun: 10:00-24:00).

• 24 h Auctions last 24/7. They can start and finish at any time. If a 24 h Auction does not finish till 24:00, it will last longer.
• The exception is when a 24 h Auction may be temporarily stopped due to technical breaks that are essential in order to maintain the proper functioning of the Service. After each technical break the appropriate amount of time is added which is needed to login and prepare for bidding on a 24 h Auction.

Autostop Auction
This is an Auction without Autobids and you can only bid manually - by clicking. There is no option to set up Autobid on this Auction.

• One Bid on the Autostop Auction usually costs more BIDs than on a Traditional Auction. The price of one BID is displayed on the "Bid" button, for example: "Bid" (BID x 7) means that after clicking the "Bid" button on the Auction, 7 (seven) BIDS will be deducted from your account.
• After each Bidding the price of the item will increase by 3 pence (00.03 GBP)
• The Auction lasts as long as there is a bidder willing to purchase the auctioned item with a price higher than the current one and will outbid other participants of the Auction.
• The clock shows the time that the User has to Bid. It can be: 60s, 30s, 15s, 10s, 6s, 5s .
• On Autostop Auctions time is not restricted by the Opening Hours of the Service.
  

Express Auction

The Express Auction is designed for impatient and adventurous Users. The higher than usual price of bidding efficiently shortens the time of the Auction and a rapid price increase makes the Auction extremely exciting.

• The price of one Bid on the Express Auction is displayed on "Bid" button and it is individually defined for each Express Auction. For example: "Bid" (BID x 18) means that by clicking the "Bid" button on the Auction, 18 BIDs will be deducted from your account.
• The price of one Bid on the Autobid Auction costs the same as one Bid in manual Bidding.
• One Bid will increase the price by the amount defined in the Auction parameters, for example: 7 pence (00.07 GBP).
• The time for Bidding is displayed on the Auction card and it can be: 60s, 30s, 15s, 10s, 6s, 5s.

The DEBUT Auction is only for those Users who haven't won any item from Auctions yet (i.e. cosmetics, telephone, etc.)
In fact, it is a Traditional Auction with some restrictions, therefore the rules are the same as on Traditional Auctions, where the initial price is (£ 0) and grows by a set amount with every Bid. The amount of BIDs necessary to Bid on the Traditional Auction is displayed on the "Bid" button, for example: BID x 1, BID x 3, BID x 6, etc.
After each Bidding the price of the Auction item increases by the amount defined in Auction parameters, for example: £0.01, £0.03, £0.06 (see Auction details). The Auction lasts as long as there is somebody who wants to purchase the Auction item with a higher price than a current one and will outbid other bidders. Each User can manage their Auction and Bid independently or can activate the Autobid that will help manage a selected Auction during the User's absence.

Increasing Auction is a special kind of BID Package Auction. The more Bids are made during the auction, the more BIDs are included in the BID Package!

• Every offer made during the Increasing Auction, makes the BID number go up. The BID Package growth rate is determined in the auction details.
• The Bid price in the Increasing Auction is displayed on the „Bid” button. The price of one Bid is set individually for each Increasing Auction.
• The Autobid price and Manual Bid price are equally the same.
• One single Bid increases the price by the amount determined in the Auction parameteres.
• The Bidding time is displayed on the Auction Page and amounts to: 60s, 30s, 15s, 10s, 6s, 5s.
• The Increasing Auction is included in the Auction with BID Package upper limit.