FAQs

What is a Superbids.in Online Marketplace?
  • Superbids is a Market Place where we facilitates online sales. participation on this platform is only for registered Users .You can be a part of this pre-approved Market Community group if you meet the eligibility criteria and receive updates from Superbids.in Team.

Eligibility Criteria For Membership
  • Persons who meet the criteria mentioned below are eligible to participate in Online Marketplace of Superbids.in.

Which Includes
  • Should have a valid Address & Photo Identity Proof

Registration Fees to enroll with Superbids.in :
  • Registration Fees Rs.8000/- Inclusive GST which has to be Paid annually (Non-Refundable)
  • Security Deposit : Rs.10,000/- Refundable ( Subject to non- default of payment)

Superbids.in Registration:
  • To participate in auctions, please login to  www.Superbids.in  and fill the registration form and our executive will get in touch with you
  • Please follow the steps below to start the registration process.
  • Click on the "Register as New User" link below the 'Sign in Screen' to start the registration process.

Pre-Event Process
  • Event Details - Whenever there is an auction, Buyers will be informed by email/ SMS regarding auction details.
  • Vehicle Inspection - Buyer can inspect the vehicle prior to the auction . It is buyer's responsibility to check the condition and all documentation of the vehicle thoroughly before the auction because all vehicles are sold on an "as-is where-is" basis.

Participating in an Auction
  • Member needs to log on to the www.Superbids.in.
  • You will be asked to Sign using your User ID and Password.
  • The Live Event Page will display all the products put up for sale via Auction.
  • Superbids.in Live Event Page
  • Here's an example of a Live Event Page:
  • Learn what each column means:
  • Title – To know more details, click on the title of the vehicle. This will give you details of the product
  • Start Time / End Time – This will tell you the time at which the event begins and ends, which will help you to plan your  participation in the event.
  • Bid - It displays the total number of unique bid count that have been recorded for a particular vehicle.
  • Bid Amount Increment – It is the minimum price by which the bidding amount has to be increased in order to overtake the current highest bid.
  • Bid Amount – You need to enter your bid amount in the bid box.

How to Bid in the Auction
  • On the Live Event page select the Vehicle you are interested in. You do this by clicking on the select box on the listings page.
  • After you have entered the Bid amount, click on the 'Bid Now!' button which is at the bottom of the page.
  • Every bidder is alloted a particular limit of bid count for each vehicle.
  • A window will pop-up to confirm your bid submission on that vehicle. Click the "OK" button to confirm your Bid.
  • The status of your Bid will be shown in the same Live Event Page. If your Bid is higher than the current highest Bid, then a green coloured icon will be displayed against your Bid with 'You are winning ' written next to it.
  • If Bid amount is not higher than the current highest Bid, then a red coloured icon will be displayed against your Bid with ' Increase your bid amount ' written next to it. The status depends on the following:
  • Bids are sorted in order of Price and then Time. A Bid of the highest value shall be entitled to purchase the Vehicle. For example, if you quote Rs. 1,00,000 and another buyer quotes Rs. 1,01,000, the other buyer is entitled to purchase the Vehicle, irrespective of the time of the Bid. However, if there are two equal Bids, the buyer who has quoted earlier is entitled to purchase the Vehicle.
  • If your Bid is "Low Bid" , increase your Bid amount, till the closing time.

Refreshing a Bid
  • It is very important that you keep refreshing the Live Event Page in order to get the latest status of the Bid amount and the Best Bid, so that you can increase your bid amount accordingly.
  • You can do this by clicking on the button 'Refresh' which is at the top and the bottom of the Live Event Page.

Auto-Extension of a Vehicle in a Live Event
  • If a buyer places a last minute bid, the end time of the Vehicle gets extended by two minutes from the Vehicle closing time.