General FAQ | Registration | Bidding & Auction | Other

General FAQ

1. What is Bids4Freedom?
   Bids4Freedom is a Bid to Zero Auction website that offers Auction packages and product designed to give the winning bidder increased financial and/or lifestyle freedom. bids4freedom donates 10 percent of the Auction package profits to our chosen Australian charities.
2. How does bids4freedom work?
   bids4freedom works with one cent ($0.01) increments. The lowest unique bid will win the auction on the Lowest Unique Bid auctions and the cost of the packages are covered by a nominated Administration fee for each bid, which vary for each auction. On the Bid to Zero Auctions, the price starts at RRP, and every time you view it (costing $1.00), it will go down in price.
3. What are the costs of being involved?
   Bids4Freedom has no registration fees or ongoing fees. The only costs when using Bids4Freedom is the purchase price of freedom dollars.

Back to top

 

Registration & Account Activities

1. Why do I need to register?
   Bids4Freedom requires that you register before bidding, (just like a traditional Auction). You can register for free, and by registering your contact details this enables us to notify you if you are the Lucky winner of one of our Auction Packages. All your contact details are kept completely secure and private and are not shared with any other parties.
2. Who can use bids4freedom?
   Bids4Freedom requires that you over the age of 18 to register and bid on packages. In registering and opening an Account you are agreeing to the Terms and Conditions of Bids4Freedom. Please see our Terms and Conditions for further details.
3. How do I register?
   Bids4Freedom allows you to easily register for free, and it only takes a few minutes! Firstly, complete the registration form located on the Register Page. A valid email address is required, as after registering, an email will be sent to you with your password. Please remember to keep your Username and Password secure and confidential, as Bids4Freedom does not take responsibility for any actions made in your account. Remember; anyone that logs into your account has access to your Freedom Bank.
4. 4. Logging in.
   Once you've received your password, simply login to your account through the Bids4Freedom website. Please be sure to change your password to something you will remember, however, don't make it too easy to guess! It is not recommended to use your username or any part of your username as your password. Try using letters and numbers, even symbols to make your account as secure as possible.
5. How do I purchase freedom dollars?
   Bids4Freedom accepts easy and quick methods of purchasing freedom dollars.
   PayPal - The most secure and fastest method to purchase freedom dollars. Through this method, as long as your PayPal account is verified, you will receive your freedom dollars as soon as payment has been made.
   Direct Deposit - Please allow up to 1-3 business days to receive your freedom dollars. This method allows you to deposit the amount into Bids4Freedom's bank account. It is required that you send an email with the date the deposit was made, the amount deposited and your user ID (which can be found at your membership page).

Back to top

 

Bidding & Auction

1. How do I place a bid?
   bids4freedom runs the most fun, easy and secure bidding system. After logging in, visit the Auctions page and click on the auction you would like to participate in. Further details of the package can be viewed and if you're interested, you can place a bid! (AUD) and the Administration fee required for each bid for Lowest Unique Bids (Bid to Zero Auction does not have an Administration Fee). The Admin fee varies from auction to auction based on the value of the package on offer. The only other cost once the bid ends is your winning bid amount. For example: The Administration fee of $10.00 plus the winning amount bid of $0.05, so the total cost is $10.05 (The Admin fee is charged even if you win or lose, so make sure you have enough Freedom Dollars to pay for the Admin Fee). You must also take into account the numbers of times you have placed a bid in an Auction Package to calculate your full cost of involvement. For example: If you have placed 5 bids each with $10.00 Administration fees then the total cost of being involved was $50.00. (Providing you werent the lucky bidder, if you were the Winner of the Auction package you then must add on the cost of the winning bid). Get more information on bidding and Tips on How to Win !
   
2. Are there restrictions on the number of bids I can make?
   bids4freedom doesn't restrict you on the number of bids you can make on Auction Packages. This decision yours to make, that is why we only allow persons over the age of 18 (legally recognised age of an adult) to use our Website. Please use common sense when deciding what is financially appropriate for you in regards to the number of bids you make and the value of these bids. bids4freedom also donates 10% percent of proceeds to our nominated Australian charities.
3. How long do auctions last?
   bids4freedom's auctions continue until the required number of bids are met on Lowest Unique Bids, and once the item is purchased on Bid to Zero Auctions. You can view the number of bids needed and number of bids made as these are displayed on each auction.
4. How does the auction work for Lowest Unqiue Bid system and who wins the package?
   bids4freedom's auctions work a little differently than a normal auction. The winning bidder is the person who has the lowest unique (not like any other) bid when the full number of required bids are met. An example of how an auction works is listed below.
   

   BID #1	$0.01	Not unique
   BID #2	$0.01	Not unique
   BID #3	$0.22	Unique, but not Lowest
   BID #4	$0.15	Unique, but not Lowest
   BID #5	$0.11	Unique, but not Lowest
   BID #6	$0.06	Lowest Unqiue Bid
   BID #7	$0.07	Unique, but not Lowest
   BID #8	$0.08	Unique, but not Lowest

5. What happens if no bids are unique?
   If at the completion of the Auction (an Auction is completed once the required number of bids is met) it is found that there is no single, lowest unique bid, then the winning bid will be establised by bids4freedom as the lowest bid amount with two bidders and of those two bidders the Winner will be the bidder that placed the bid at the earliest point in time. If this process does not produce a Winner, the process will continue to the lowest bid placed with three bidders and so on until a Winner is established.
6. I just won an auction! What now?
   At auction close, the lowest unique bidder will be emailed or phoned by a staff member of bids4freedom. The bidder can then accept or reject the purchase. If the winning bidder accepts, they pay the winning bid amount. If the bidder rejects, the package will be forwarded to the next closest winner, as per the process advised above in number 5. This process is continued until the sale is completed. Sale, meaning that if the bidder placed a bid for 0.17c then that amount will have to be paid for before the Auction Package will be given to the Winner.
7. How long do I have to pay the winning bid amount?
   bids4freedom allows 7 (seven) days before the package is offered to the second lowest unique bidder. The amount must be paid for using Freedom Dollars, so please make sure to have sufficient funds available.
8. Are there any bidding tips?
   bids4freedom tries to make your experience here as fun and easy as possible. A few things to look out for when bidding is the nominated highest bid limit. Though this varies from auction to auction, your bid should be between $0.01 and the highest bid limit. Does this mean I should bid as low as possible? Not necessarily. If everyone bids the lowest bid ($0.01), the bid will not be unique. However, others may think the same! So bidding the lowest may or may not be the best thing to do. Get more information about bidding, and some tips on how to win!

Back to top

Other

1. Is bids4freedom's website secure?
   To make sure all members information and details are safe, bids4freedom is a secure website. To ensure the security of your transactions, bids4freedom uses PayPal.
2. What are "Special Offers" when buying Freedom Dollars?
   bids4freedom feels that to give you more value for dollar and to reward your loyalty, special offers have been introduced for bulk purchases of freedom dollars.
   - Purchase 500 freedom dollars and receive 50 FREE.
   - Purchase 1,000 or more freedom dollars and receive 100 FREE

Back to top