How does Madbid work? Easily explained

Online auction houses are not always based on the same principle. In this practical tip, we explain how the MadBid platform works.

MadBid: This is how the auction house works

• In order to be active at MadBid, you first need an account. Registration is free.
• Once you have registered and logged in, you can bid at auctions. These always start at 0 euros and have no reserve price.
• In order to place a bid, you need so-called "bids". Depending on what you bid on, you need different bids for a bid. An average bid costs 12 cents.
• With each bid, the purchase price increases by one cent. In addition, the countdown for the auction is restarted. The time is always set to one minute.
• If nobody bids after you within the one-minute countdown, you will be awarded the contract.
• If bidding on an item is too annoying for you, you can add the item directly to your shopping cart at a fixed price.