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REVERSE AUCTION™ Rules & Procedures

 
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All You Need to Know About the 10-min REVERSE AUCTION™



This REVERSE AUCTION is one you really don’t want to miss. A revolutionary type of auction where the opening bid starts lower than the actual value of the item and then GOES DOWN ever further until someone wakes up during the REVERSE AUCTION and says WOW, I better buy this before somebody else gets it first. Yeah, you could wait even longer and the price will go down some more, but are you going to let someone beat you to it?


How Long Can You Wait?



GENERAL RULES & PROCEDURES (actual item up for REVERSE AUCTION™ may have different rules/procedures. Please see the specific item for more information.


• Auction starts at a set, announced price and the price will be dropped $2 every minute for up to 10-minutes. Total price could drop as much as $20 during the 10-min REVERSE AUCTION™.

• When the price drops low enough to entice you into buying the item, GO FOR IT! • Whenever someone types in "I'll take it" or something else that clearly indicates an intention to purchase, the item is considered sold. First person to do so gets the item at the last announced price. How Long Can You Wait? Somebody might take it first!


• The start of the REVERSE AUCTION™ will be clearly stated and time checks will be given in the Shopper-Lane booth prior to the start. • The REVERSE AUCTION™ will run for 10 minutes and the time will be based on the Bonanzle time that is displayed in the REAL TIME CHAT in the Shopper-Lane Booth. Every minute, the price of the item will be DROPPED (up to 10 price drops, for a maximum price drop of $20).

• Please keep "chatter" to a minimum in the REAL TIME CHAT.

• The winning bidder is simply the first willing buyer name to appear in the REAL TIME CHAT. Shopper-Lane has no control over whose name makes it through first in the Bonanzle Real Time Chat. First-come, first-served.




• Payment by PayPal. personal check, or money order. Item is shipped upon "cleared" payment.

• Shipment to U.S. address only - No international orders.

• No returns on items - items are as-is.

• Items are generally new. If the item is used, the condition will be noted in the description of that item.

• REVERSE AUCTION™ items are NOT eligible for any other discounts or combined shpping charges.

• No charges for shipping. No shipping to addresses outside of U.S.A. I like people from other countries, I just don't want to ship my stuff there.


Is Shopper-Lane run by a crazy man?



No, I look at this a a cheap form of ADVERTISING. Where else can you get HUNDREDS of people to read about you, check out your Booth, visit your booth, and spread the word on Bonanzle? - at a pretty cheap price, if you ask me.

 
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