Q:

How do you bid on K-Bid auctions?

A:

Quick Answer

To bid on K-Bid auction, access the K-Bid website, register to create an account and obtain a bid number. Log in and search for the preferred item. Initiate the bid, win, and pay for the piece.

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Full Answer

For account creation, click Sign Up on the website, and fill in the details requested. Log in with the email address and password used for sign-up. Bid for the item of choice by quoting a price. The bidder determines the value of the item based on its description and photos. When you win a bid, you are expected to pay for the item. The bidder who quotes the highest amount wins the item. Amounts quoted by different bidders are hidden until the winner is selected.

The bid is prolonged for three minutes after the last bid. The dashboard shows the items available for bidding and invoices for pieces won. A premium is charged in addition to the bid price of each item. The premium is commonly 13 percent for credit or debit card transactions and 10 percent for cash payment or wire transfers.

The summary details of an item show the inspection, closing and removal dates. Payment is done on the removal date. It is important to review the details, terms, direction and shipping information for each piece on the auction page. Read information about the required payment type, the auction location and contact details.

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