WHAT IS A REVERSE AUCTION OR LOWEST UNIQUE BID AUCTION?

A lowest unique bid auction (also known as a reverse auction) is a fun new way to buy quality products for pennies. The way a reverse auction (lowest unique bid auction) works is that participants bid for a particular item by submitting blind or sealed (ie secret) bids and the winner is the bidder who places the lowest unique bid. A "unique" bid, means one in which the bid amount offered is the only one of that value.

Reverse auctions (lowest unique bid auctions) will accept bids at bid increments (usually 1pence). The lowest unique bidder is the person to bid the lowest amount that no one else bids and is declared the winner upon the conclusion of the auction. The winner of the auction (the person with the lowest unique bid) is the only person who pays their bid amount for the item.

This is a guaranteed fun way to gain the opportunity to buy brand name and quality items for up to 99.99% off RRP

SingleBid® has one of the best reverse auction system on the net which helps you manage your bids, trace your past bids and transactions for up to 6 months

We also believe we have the best products and great customer service with most queries answered within 24 hrs.

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