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BARGAIN AUCTION

This is a forward auction system; set to start and end at a specific period in time. The highest bidder wins. Terms & Condition Apply.

HOW IT WORKS

  1. To be eligible to bid on bid.i-naira.com (BargainAuction Site), you must be a fully registered member on i- naira.com. Click here to register.
  2. After your registration, select Bids on your Menu Bar and you will see available items for auctioning, Terms and Conditions apply. 
  3. Each bid item has a start -to- finish time frame on which the bid is on.
  4.  The last bidder on a deal wins i.e a bargain auto auction (car auctions); the individual who entered the last highest bid amount plus one (1) at the closing of the bid is the winner. Please note this may not be applicable to a reserved bid item.
  5.  Whereas all bids may start at N1.00, a reserved bid item cannot be considered won until bidders enter an amount equal to or more than the reserved price on the bid. i.e. if a vendor places a reserve of N50,000.00 on a bid, until a bidder enters N50,000 or more, a winner will not emerge on the bid. Simply put, if the highest bid on such item falls below the reserved price, the vendor is not obliged to sell the item to the highest bidder.
  6. It is an illegality to bid for an item you have no intentions of paying for, thus, your account will be suspended if you are unable to fulfill your payment requirement after bidding for an item. 
  7. The suspension on your account will be lifted after you pay a mandatory 15% of the final bid amount that the specific item closed.
  8. Please note that when paying for items won, you will be billed for the items, Sales Tax Rate and cost of delivery to your location. All payments are collected by Interswitch WebPay / Quicteller online payment systems.
  9. Delivery for items are billed separately even if the items are designated for delivery to same customer within the same location.
  10. We don't have office pick up options because we don't warehouse any of the sold items within our offices. The logistics company designated by i-naira.com will pick up your purchased items from vendors and deliver same to the customer in good time.
  11. You are at liberty to bid for multiple items at the same time.