No! We are not a “penny auction” or “bidding fee auction” site. There is no cost to bid, and we do not use fake/shill bidders to increase the pricing. You can use the proxy bid feature if you are unavailable to bid at the time of auction closing, you can set your max bid to $100, and if the other bidders only go up to $40, you would win the item for $41. If someone bids higher than $100, then you would lose the auction.
A: In order to protect the integrity of the online bidding process, we only accept bids by those bidders who have a valid credit card on file. Verification of the credit card is also a process of validating the bidder’s identity, so that every seller knows they have bids from a real human and not a computer, and every bidder knows they are bidding against a human. We understand that some of you may be hesitant to provide this type of information. In fact, DownsizeSale does NOT store credit card info on our system. We use stripe.com, one of the largest online payment processor, and they handle the storage and payments directly upon auction closing. Not like other online auction auction companies in Regina, no credit card data is stored on DownsizeSale’s web server, instead the customer billing data is sent to Stripe and stored with them, and a token is returned and stored in DownsizeSale’s web server. This token will be sent to Stripe when buyer makes online payment next time without providing credit car info again.
It all depends on the estimated value of an item. for example:
items that start bidding for 10$ have incremental increases of 1$.
items that start bidding for 100$ have incremental increases of 10$
items that start bidding for 1000$ have incremental increases of 100$
Its very simple! in some cases the rates may be different depending on the item and the clients needs.
Unfortunately Downsizesale prohibits sellers from bidding on there own items, for the sake of establishing price fairness.
however you are free to share your items auction link on social media to make sure that there are enough bidders on auction day
to generate a satisfactory value for your beloveds belongings
Take a look at our terms and conditions to educate yourselves on what can and cannot be done.
If you are looking to enter your Seller menu, you can gain access to it through your my account tab on our home page, You can start a sale with Downsizesale. If you would like to keep an eye on the progress, log in to your Downsizesale account using your created username and password, provided via email at the time of contract signing. Once logged in, click on “account” in the top right-hand corner of your screen. in the account summary menu click on” published auction events” to access all the relevant information.
There are 6 main features within the Account summary :
The “draft ” bar is a function that allows the user to create ghost auction entries to learn how to operate the system or to create events and save them to be published on a later date. the drafts bar provides an overview of all the details relating to a certain auction entry.
The “published” bar is a function that allows the user to publish drafts or view all published items, this bar also allows you to track the status of items throughout the bidding process.
The “closed” bar function allows you to see the item status after bidding process completion. it also provides you with information about who bought the item and what they paid for it along with an agreed item pick up time-line.
- Sales report
The “Archived” and the “sales” tab will display the agreed upon contract with your “payable ” information for sale proceeds and the completed sale report respectively, with the opportunity to “View Details” for each category. The details will provide you with your final sale amount and payment status. for bidders you will receive an invoice instead.
Since all bidders have the ability to place a Bid, you may occasionally find that you have been outbid by an amount that does not seem correct. For example, if your Bid was $8, yet you lost an item to another buyer who won for $10, here’s why: At 12:01 PM, Lot 1 is at $4. At 12:30 PM, Bidder 1 (yourself) places a Bid for $8. Bidding continues and at 12:45 PM, lot 1 is at $7. At 12:46 PM, Bidder 2 places a Bid of $10. Bidder 2’s bid is accepted since it is above the $2 minimum increment at the time (since the lot was at $8), and it also outbids your bid of $10. As another example, if you place a Bid of $25 when lot 2 is at $15, why did the bid jump to $23.50?The other bidder had a $22.50 Bid which is why when you put in the $25 Bid, it jumped to the next $1 increment from the $22.50 Bid to $23.50.
If you have clicked and agreed to the terms and conditions then confirmed and submitted the bid, it cannot be retracted. Because bids are permanent, and that would ruin the bidding process. when you bid you are given a chance to cancel the bid through the second confirmation question, you must not agree to a bid if you are not sure. Please review and read the messages before clicking ‘confirm’ on anything as it will verify the command that’s being placed whether its a bid or personal information input.
This is an agreement to give Downsizesale the authority to sell your items for a fee on your behalf. it details the responsibilities of the participating parties and a time-line of task completion based on our proven model.
No, but we will be creating one by the end of 2020. stay tuned. upon lunch we will offer promotional gifts to everyone that helps us spread the word!
You will be notified via email once your items go live and becomes available in one of our auctions. The email provided during signing will be the main source of communication regarding your sale or bidding activities. You can also track sale progress via your account tab. Just log in to your account at Downsizesale.com, and click on the “draft or published auction events” tab to view each item and the preset sale date!