Bids cost just $0.50 and can be purchased in bid packs at the Bid Store. These bids are pre-paid and stored in the Order History section of My WeeLooT. Each time you place a bid; it will be deducted from your remaining bids, and will increase the price of the auction by one cent. . No more than 20 seconds is added to the timer whenever a bid is placed. This allows another user the opportunity to bid if interested. It's just like the auctioneer shouting “Going once...Going twice...SOLD!” at a traditional auction.
And also just like a traditional auction, you win by being the last to bid. Once you pay the final auction price and shipping costs, the item is yours!
Here's the part that isn't like a traditional auction: If you don't win, you can't reclaim the bids you place. BUT, because we never want anyone to walk away with nothing, we offer a Buy Now feature on ALL of our auctions! When you use our Buy Now feature, we subtract the cash value of the bids you’ve placed (excluding voucher bids) from the value price of the item, and you pay the difference. It's just like buying the item at retail price! So at least you had a chance at getting it at a discount, eh?
Let's say you spend 30 bids trying to win a $30 valued product, but you don't win. Your 30 bids are worth $15 (30 x $0.50), so if you choose to use the Buy Now, you will only pay $15 more for the product. Please note that this offer applies to real bids only, and that voucher bids to do not apply to the Buy Now option.