Introducing Bido Credits
Bido Credits are used by Bido members to perform a number of operations within the website. Bido credits function in lieu of money and are purchasable by members. Single Bido Credits cost $8.88 with discounted packets also available. Bido Credits do not expire. They remain in your account until you use them or exchange them.
| Credits | Price |
| 1 Bido Credit | $8.88 |
| 10-pack of Bido Credits | $79.99 |
| 50-pack of Bido Credits | $359.99 |
| 100-pack of Bido Credits | $638.99 |
You can buy Bido Credits using any major credit card, or with your PayPal account. You may also pre-fund your Bido account with a check or wire (contact us for more information).
To place a purchase using your credit card or PayPal account, please go to the Bido Payment Page.
Auction Acceleration
You may use Bido Credits to accelerate an item to auction and skip the voting process. The fee to do this is one Bido Credit per $1,000 (or portion thereof) of your BidoPrice. Bido Credits are returned to your account when:
- Your auction sells with a winner, or
- if you accept the high bid within 24 hours (if your BidoPrice was not met) when you used Bido Credit(s) to accelerate to auction
The Bido Credit(s) are returned to your account at the same time Bido pays out your auction proceeds. If your auction does not sell, your credits are not returned.
Buy It Now (BIN)
You may add a Buy It Now (BIN) price to your listing for one Bido Credit. You only spend one Bido Credit regardless of the BIN amount, but your BidoPrice must be at least 50 percent less than your BIN amount. A Buy It Now option allows anyone to immediately purchase your piece of inventory. Any auction with a BIN price will have the BIN option removed if bidding comes within 75 percent of the BIN dollar amount.
Voting Points
You may exchange one Bido Credit for 222 Voting Points. Voting Points are used to vote on submitted inventory as part of Bido’s Vote For Profits program. If an item of inventory you voted for goes to auction and sells, you'll earn a percentage of the sales price, up to .77 percent. Participation in this program can result in hundreds or thousands of dollars in profits for you per month, just for voting on inventory you think will sell in auction.
Bido Guarantee Program
You may submit your items into the Bido Guarantee Program by using Bido Credits. The fee is one Bido Credit per item of inventory. Your item goes into a weekly private auction where top buyers in the industry (the Guarantors) bid on what you are offering. After the auction, you are presented with 3 choices: accept, decline, or send to public auction using 75% of the Guarantee as a starting bid. Learn more.
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