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 Launched in August 1999, bidorbuy.co.za is a South African online marketplace that brings buyers and sellers together to trade almost anything through online auctions and fixed price sales. bidorbuy.co.za is the largest site of its kind operating in South Africa.
Any user who wants to sell goods or services can list items for sale on the site. Sellers sets a start time, end time, pricing information and provide a detailed description and images for the items they are selling. Other users can then browse the site and bid on or buy items they are interested in. Should there be a sale, the bidorbuy system puts the buyer and seller in contact with each other. It is up to the two parties to conclude the deal, which normally involves arranging payment and shipment of the goods purchased.
bidorbuy makes its money by charging the seller a commission of between one and five percent on all successful sales (except for high ticket items such as cars and properties, where only a flat listing fee per item is charged).
The majority of goods sold on bidorbuy are new items, as opposed to second-hand goods. The ratio of fixed price listings relative to auction listings is on the increase.
It is interesting to note that, similar to the trends on international sites such as eBay.com, many sellers are now making a business out of trading on the bidorbuy website in South Africa.
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