What is Low Unique Bid Auction
Low Unique Bid Auction is an auction site where you can win top quality items for as little as the cost of a LUBA Credit, I LUBA Credit =50 Euro Cents.
In most auctions it is the highest price that gets the item being sold, you then have to pay the amount you bid for the item.
The name Low Unique Bid Auction tells you how it works; the lowest unique bid wins the item in that particular auction, or in the event of there being no lowest unique bid and you are the first bidder with the lowest bid with the fewest number of bids you win the item the bid was made on and you don’t even have to pay for the item, the only cost to you is the cost of your bids.
The lowest unique bid is the lowest bid that is the only bid at that price. (Lowest unique).
There will usually be several auction lots at any one time with a different item in each auction.
So you will have a choice of items to bid for.
Membership of Low Unique Bid Auction is FREE but you can become a SUPER BIDDER and receive a 20% bonus on your monthly membership.
For just a10 Euro a month recurring deposit into your Low Unique Bid Auction account you will get 12 Euro worth in bids.
Also as a SUPER BIDDER any amount over and above your monthly membership fee that you fund your Low Unique Bid Auction account with, you will receive a 10% bonus worth in bids.
It is important that the details you give when you sign up are correct as these are the details that will be used when you are a successful bidder.
General Information
Membership Bonuses and Referral Bonuses
Low Unique Bid Auction runs an incentive scheme for members in the form of Membership Bonuses and Referral Bonuses.
There are 2 membership levels, Free Member and Super Bidder
FREE MEMBERS
It is free to join LowUniquBidAuction.com
For every member you bring into Low Unique Bid Auction that signs up using your referral I.D. Low Unique Bid Auction will credit your account with a 5% bonus of all funding to their account.
Example:
Referral Bonuses
You sign up 10 members, they each fund their account with 10 Euro = 100 Euro (200 LUBA credits),
your bonus = 5 Euro (10 LUBA credits)
SUPER BIDDERS
It is free to join LowUniquBidAuction.com
If you upgrade to a Super Bidder,
Membership Bonuses
For a 10 Euro recurring monthly deposit into your Low Unique Bid Auction account you will get a 20% bonus every month on that fee.
You will also get a 10% bonus on all funding of your account above this fee.
Referral Bonuses
For every member you bring into Low Unique Bid Auction that signs up using your referral I.D. Low Unique Bid Auction will credit your account with a 10% bonus of all funding to their account as long as you are a Super Bidder.
Example:
Membership Bonuses
Super Bidders membership fee 10 Euro (20 LUBA credits), you fund your account with extra 50 Euro (100 LUBA credits), your bonuses = 7 Euro (14 LUBA credits)
Referral Bonuses
You sign up 10 members, they each fund their accounts with 10 Euro = 100 Euro (200 LUBA credits),
your bonus = 10 Euro (20 LUBA credits)
Total Bonuses = 17 Euro (34 LUBA credits)
All Membership Bonuses and Referral Bonuses are credited to accounts in LUBA credits
How does it work
BIDDERS
There is No cost to you for any of the items in the auction other than the cost of the LUBA Credits, I LUBA Credit =50Euro Cents
All costs regarding delivery of items in the auctions are paid by the seller.
Before you can enter into any auction and make bids you must be a member of Low Unique Bid Auction
Funding Bids;
All funding of bids in Low Unique Bid Auction is done by buying LUBA Credits through one of the payments options on the site
SUPER BIDDERS must fund their Low Unique Bid Auction account through either PayPal or a credit card.
The minimum funding amount in a Low Unique Bid Auction account is 10 Euro = 20 LUBA Credits. 1 LUBA Credit = 50 Euro Cents
All bids in Low Unique Bid Auction are in LUBA Credits.
Bidding;
Bidders must have LUBA Credits in their Low Unique Bid Auction account to cover bids before a bid will be accepted.
Bidders will have the option to make a single bid or a multiple bid (spread bid) if bidders choose to make a multiple bid (spread bid) their account will be debited by number in range of multiple bid (spread bid) by the bid cost.
Example; Bidder bids. 1 Euro Cent -to-5 Euro Cents =5 bids,
Cost of single bid = 1 LUBA Credit=50 Euro Cents,
5 x 1 LUBA Credit = 5 LUBA Credits debited from bidders Low Unique Bid Auction account.
When bidders have made a bid they will immediately be able to see in their Back Office whether the bids they have made are the lowest unique bid (green), unique bid but not lowest (amber), not unique (red).
Winning Bid;
At the end of the auction bidding period if your bid is the lowest unique bid, or in the event of there being no lowest unique bid it will be the first bidder with the lowest bid with the fewest number of bids that win the item the bid was made on.
The bidder with the lowest unique bid at the end of the auction or in the event of there not being a lowest unique bid the first bidder with the lowest bid with the fewest number of bids will be the winner and notified by email.
If you as the winning bidder do not receive the item in question within 14 days of the official close of the auction, you must inform Low Unique Bid Auction .
Auctions ended
The bidder with the lowest unique bid will win or in the event of there being no lowest unique bid it will be the first bidder with the lowest bid with the fewest number of bids that win the item the bid was made on.
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