How Can I Bid?

Bidding on the ABC Auctions Online platform is designed to be easy and convenient! Here is everything you need to know about bidding with us:

How to bid:

1. You need to download the ABC Auctions Zambia app & create an account. Download the app here: https://qrco.de/bchyaS
2. Register to bid for an auction and await approval.
   • Approval to register to bid takes up to 30 minutes.
   • You must place a deposit in order to increase your spending limit. 
   • Note, you must register to bid on every auction you are interested in.
3. Once you are approved and your spending limit has been increased, place your bid by selecting the amount you wish to bid up to. 
   • Note, all bids are binding and cannot be removed or revoked. 
   • All bidding happens in increments.
4. If you are OUTBID, you will receive an email and a push notification. 
5. If you WIN, you will receive an email within 12 hours of the end of the auction. 

Features of Online Bidding:

Max Bids

A max bid is an amount that you are willing to pay for the lot and it allows the system to automatically bid for you in increments that do not go above your max bid. 

• This ensures that your bidding can continue in the event you are unable to bid when the auction is closing. 
• For example: Say the current bid on an item is $4. If Lisa places a maximum bid of $10 on an item, the current bid will go up to $5. If Judith then places a bid of $6, the system will automatically set the bid to the next increment, $7, and Lisa would win the lot if there was no further bidding. 
• Setting a max bid does not mean you will end up paying the maximum amount, you will only pay the amount the bid has been won at.

Standard 10-minute extension Timer

To allow every bidder an equal chance to increase their bids, there is a standard 10-minute extension timer. 

• All of our online auctions are Timed Auctions. This allows a single lot to be up for sale for a fixed amount of time.
• So, in the last 10 minutes that the lot is open for bidding, any bidding activity will activate a 10-minute extension timer. Each new bid will reset the timer. 
• For example: Say the auction ends at 19:00, if Tapiwa bids at 18:56, the auction will be extended to 19:06. Bryan then bids at 19:04 which triggers another 10 minutes extension to 19:14. This continues until there are no additional bids within the 10 minute extension period.