Bidding & Auction Terms
Last updated June 2026
Sealed bidding
When you post a phone, it goes to a 24-hour sealed auction. Shops see only how many shops have bid — never amounts or identities. Each shop may place exactly one binding bid that cannot be changed.
No reserve
You do not set a price. At close, the highest bid wins. You then have 10 minutes to cancel penalty-free; after that the sale is committed.
Handover
Once committed, you have 24 hours to bring the phone to the winning shop in the selected market. The shop confirms receipt to complete the sale.
Penalties
Seller no-show (failing to bring the phone) results in a ban from selling. A winning shop that refuses to honor its bid is banned from bidding, and the runner-up is offered the phone at their bid (12 hours to accept). Excessive cancellations lock selling.
Accurate description
You must describe the device truthfully (PTA status, grade, faults). Misrepresentation can lock your selling and lead to penalties after review.
Integrity
Bid manipulation, collusion among shops, and tire-kicking are prohibited and monitored; offending accounts are restricted.