Bidhype
Bidhype - Frequently Asked Questions

We're compiled some frequently asked questions in an effort to help you understand Bidhype. We're constantly adding and updating questions all the time, so be sure sure to check this page regularly 🙌

  1. General
  2. What is Bidhype?
  3. How do I add a listing?
  4. What are general listings?
  5. What are auctions?
  6. Are there any fees?

  1. Buying
  2. How do I buy or bid on listings?
  3. How do I verify a card?
  4. How do I contact the seller?
  5. What happens if I win an auction?
  6. How can I pay for an auction I've won?
  7. Are there any fees?

  1. Selling
  2. How do I add a new listing?
  3. How do I verify a card?
  4. What happens if my auction is sold?
  5. What happens if my auction ends unsold?
  6. How do I receive payment from the buyer?
  7. Are there any fees?

  1. Escrow
  2. How does Bidhype's escrow service work?
  3. What if I don't have PayPal?
  4. What happens if the transaction falls through?
  5. Are there any fees?

General


What is Bidhype?

Bidhype is a digital marketplace for websites and online businesses. We connect buyers and sellers by providing a platform that is simple to use, powerful and secure.


How do I add a listing?

Selling with Bidhype is easier than ever. Fill out your website's relevant details before selecting a listing type and duration. You can upgrade your listing by selecting one of the three available listing packages. You can add a listing by clicking here.


What are general listings?

General listings are intended for sellers who wish to receive offers and inquiries for their listings directly via email. All auction functionalities are disabled on general listings.


What are auctions?

Auctions are intended for sellers who wish for buyers to bid on their listings. Auctions have a reserve price which must be met in order for the listing to sell. A buy now price is also an optional.


Are there any fees?

Bidhype has various fees in place for both buyers and sellers. Adding a new listing on Bidhype costs $29 and can be upgraded with an optional package for either $89 or $159. A 7% commission fee also applies for buyers/sellers who opt to use our optional escrow service.


Buying


How do I buy or bid on listings?

In order to buy or bid on listings, you must first create a Bidhype account by clicking here. Once created and verified, you can place a bid by browsing to a listing and entering a bid higher than the current bid amount. Selecting the buy now button on a listing will automatically end the auction in your favour.


How do I verify a card?

You can verify a card from your account page.


How do I contact the seller?

Sellers can be contacted by selecting the 'contact seller' button from one of their listings or profile page.


What happens if I win an auction?

If you win an auction you will receive an email and notification on your account with further details. From here, you can use Bidhype's optional escrow service or negotiate the sale with the seller directly.


How can I pay for an auction I've won?

A payment method is discussed between you and the seller after the auction ends. Bidhype also offers an optional escrow service for transactions you wish to keep secure.


Are there any fees?

There are no fees for creating an account on Bidhype. If you choose to use our escrow service, we take a 7% comission fee from the total sale price.


Selling


How do I add a new listing?

In order to add a new listing, you must first create a Bidhype account by clicking here. Once created and verified, you can add a new listing from the homepage, menu or by clicking here.


How do I verify a card?

You can verify a card from your account page.


How do I contact the seller?

Sellers can be contacted by selecting the 'contact seller' button from one of their listings or profile page.


What happens if my auction is sold?

If your auction is sold, you will receive an email and notification on your account with further details. From here, you can use Bidhype's optional escrow service or negotiate the sale with the buyer directly.


What happens if my auction ends unsold?

In the case your auction ends unsold, you will receive an email and notification on your account with further details. From here, you can relist for free or contact your watchers with a final offer price.


How do I receive payment from the buyer?

A payment method is discussed between you and the buyer after the auction ends. Bidhype also offers an optional escrow service for transactions you wish to keep secure.


Are there any fees?

There are no fees for creating an account on Bidhype. If you choose to use our escrow service, we take a 7% comission fee from the total sale price.

Escrow


How does Bidhype's escrow service work?

Once an auction ends, both the buyer and seller will be provided with further details regarding the transaction process. The buyer can initate a transaction by sending the agreed amount of money to the provided PayPal address. Once sent and confirmed, both parties are instructed to complete the transfer of all necessary files and information. The money will be released into the sellers PayPal account once this process is complete.


What if I don't have PayPal?

At this point in time, you must have PayPal to use our escrow service. If you are ineligible for a PayPal account, you can discuss other payment options with the buyer/seller.


What happens if the transaction falls through?

If a transaction is cancelled, any money sent to our escrow account will be manually returned. Please contact us for more details.


Are there any fees?

If you choose to use our escrow service, we take a 7% comission fee from the total sale price.


Welcome to Bidhype 👋

Bidhype is a digital marketplace for websites and online businesses. We connect buyers and sellers by providing a platform that is simple to use, powerful and secure.

Effortless Dropbox blogs