Registered users place bids on selected items offered by Jeetloindia.com Reverse Auction through a sealed bid process. Bidders pay an auction entry fee to place their bids in the auction. Their aim is to place the lowest unique bid. that is the lowest unique bid in Rupees that no one else will place. Users are notified of the status of their bid after the bid is submitted on-screen. If the status of a user's bid changes throughout the auction (example a unique bid is matched and becomes no longer unique) then the user is notified by email. Every auction is limited to a specified number of bids or a time limit. As soon as that limit is reached, the auction automatically closes. After the auction has closed, the winner is the user who has placed the lowest unique bid.
A reverse auction is an auction with a twist, where people can win goods such as cars, consumer electronics and holidays by bidding just paisa! A Reverse Auction is a skill-based prize competition. The aim of the competition is to outwit fellow bidders by placing what they think will be the lowest unique bid, that's the lowest bid in paisa that no one else places when the auction closes.
This is the lowest bid amount entered in the auction that has not been placed by more than one person. For example, if bidders A, B and C place a bid of Rs. 1.50, bidder D places a bid of Rs. 2.35, and bidder E places a bid of Rs. 1.80, although Rs. 1.80 is not the lowest bid in the auction (Rs. 1.50 is lower), Rs. 1.80 is the lowest unique bid placed in this auction. Similarly although Rs. 2.35 is a unique bid, Rs. 1.80 is lower AND unique, therefore Rs. 1.80 is the lowest unique bid.
It costs nothing to sign up and become a registered Jeetloindia.com user. However, you may be required to pay an entry fee to place bids in the site auctions
Users have to be 18 years or over to participate in auctions. Winners will have to produce proof of their age as part of the verification process
Easy. Simply login, and then check your amount balance in “My Account” box. If you do not have sufficient balance (bid point), click on “Buy Bid point” to deposit amount. If you have sufficient balance click on the auction you would like to enter, and click on “Bid Now” to place your bid(s).
Yes jeetloindia.com runs 24 hours a day, 7 days a week.
If you wish for your account to be deleted please sign in and contact us from the contact us page or email us email@example.com
Click on the 'Refer a Friend' link and fill in the appropriate fields. When your friend registers and buys a bid pack both your accounts will be topped up within 24 hours with your free bids. ????????
You can place as many bids as you like, unless there is a stated maximum number of bids for each auction. However, please remember that an entry fee may be charged for each bid that is placed.
Registered users can take part in as many auctions as they like.
An auction automatically ends when the maximum number of bids or when a specified closing day, date and time has been reached.
Click on “Buy Bid Point” or follow the instructions in the bid process and it will take you to a secure payment page. You can pay debit card and net banking.
The Bid ID code is a unique number allocated to each successful bid. This enables you to reference the auction in the "My Account" section, as well as checking to see if you are a winner when the results are published. Your Bid ID code will be sent to you in your bid confirmation shown on screen and in your “My Account”.
Yes. Click on "Active Bids" under the “My Account” box, and you will see a list of your active bids (if any). To update the bid status in real time, click the "Refresh" button at the page.
Jeetloindia.com will send you an e-mail or text informing you that you have won the auction. Once confirmed and verified as the winner, your name may also appear on the results pages as the winner of the auction.
After an auction closes, you can check the latest auction status, including recent winners, by visiting the Jeetloindia.com Reverse Auction site and clicking the "Winners" menu button.
This is an administration fee charged for each bid placed in a Jeetloindia.com auction.
Once an entry fee is charged and a bid placed, a user cannot change their mind and the bid fee cannot be refunded. If the auction is cancelled or postponed, the allocations of refunds are at the sole discretion of Jeetloindia.com your statutory rights are unaffected.
All postage and packing charges are to be paid by the winner.
Delivery times vary depending on our supply partners. Delivery will usually occur between 10-14 working days after your have purchased your item and often much more quickly.
Once a competition prize is received, it cannot be returned and no refund of entry fees will be given.
In the unlikely event of a fault within warranty, customers are to contact the manufacturer direct.
Yes. Jeetloindia.com Reverse Auction abides by Data Protection and is obliged to keep customers data confidential. Jeetloindia.com Reverse Auctions does not make information available to third parties without the explicit permission of the customer. However Jeetloindia.com may from time to time, with the user's permission contact them for marketing purposes.
Yes. Secure third-party payment-processing provider (CCAveneue) is used to process all debit card and net banking transactions. The third-party payment processors pages are encrypted SSL secure pages.
From time to time Jeetloindia.com offers special promotions that enable you to receive Bid Points.
No. Bid Points may not be exchanged for cash. They may only be used to pay for auction entry fees.
If you encounter any problems with the site, please e-mail our customer support desk by using the Contact Us link shown on the site. We aim to respond to customer enquiries within 24 hours.