How Biddit Works

For Bidders

How to Win at Biddit

1

Create Your Account

Sign up with email or Google. KYC is auto-approved — you're ready to bid within minutes. No waiting, no paperwork.

2

Browse & Find Your Auction

Filter by category, status, or price. Watch auctions you like. See GoLive time so you're ready when bidding opens.

3

Pre-Register with a Deposit

Some auctions require a small Razorpay hold (typically 10% of starting price) to pre-register. This ensures only serious bidders compete. Your deposit is fully returned if you don't win.

4

Bid in Real-Time

Place bids as the auction runs live. Every bid you see is real — no bots, no fake competition. Prices update instantly via WebSocket. Minimum increment is 10% of current price.

5

Win, Pay & Receive

If you win, you'll receive an email with payment instructions. Complete payment via Razorpay. The seller ships your item — tracked.

Bonus: Proxy Bidding

Set a maximum bid and let the system bid for you automatically — up to your limit. You don't have to watch the screen every second.

Anti-Sniping Technology

No Last-Second Swooping. Ever.

On most auction sites, savvy bidders wait until the final second to swoop in. On Biddit, that doesn't work. If any bid lands within the last 60 seconds, the auction automatically extends by 2 minutes — giving everyone a fair chance to respond.

Extension triggers if bid is placed within last 60 seconds
Each extension adds 2 minutes to the end time
Maximum 5 extensions per auction (10 extra minutes total)

Example Auction End

6:00 PM Auction scheduled to end

5:59 PM Bid placed → 60 sec threshold triggered

6:02 PM New end time — 2 min extension added

6:02 PM No new bids → auction closes fairly

For Sellers

List and Earn on Biddit

1

List Your Item

Create a listing with photos, description, starting price, and optional reserve price. Submit for admin review.

2

Admin Approval

Our team reviews your listing for accuracy and compliance. Approval usually takes under 24 hours. You'll receive an email.

3

Pay Security Deposit

A 5% security deposit via Razorpay ensures seller accountability. Released automatically after auction completion.

4

Auction Goes Live

Your auction runs at the scheduled time. Winner pays via Razorpay. You ship the item and the deposit is returned.

Reserve Price

Protect Your Minimum

As a seller, you can set a hidden reserve price — the minimum amount you're willing to accept. Bidders see the starting price, but not the reserve.

If the auction ends below your reserve, the item is not sold and no winner is declared. No risk to you.

Reserve Price Example

Starting Price (visible to all) ₹5,000

Reserve Price (hidden) ₹12,000

Scenario A: Final bid ₹14,000 SOLD ✓

Scenario B: Final bid ₹9,500 NOT SOLD ✗

Common questions

Frequently Asked Questions

Yes. If you don't win the auction, your pre-registration deposit is automatically released within 5–7 working days to your original payment method.

No. Bids on Biddit are binding commitments. Placing a bid means you intend to purchase the item if you win. Please bid carefully.

Mystery Box auctions hide the product details until the auction ends. The item is real, verified by our team, and typically valued significantly above the winning price.

Sellers are required to ship within 48 hours of receiving payment confirmation. Typical delivery across India is 3–7 working days depending on your location.

Currently, Biddit operates within India only. Payments are in INR via Razorpay. Delivery addresses must be within India. We plan to expand soon.

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Bidding, Demystified.