Bolibol.in auctions

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saurabhnarula

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guys,
i just came across this site called bolibol.in,another indian version of ebay i guess :bleh:, anybody has any expereince of buying on this site, m planning to get some stuff.

cheers!!

saurabh
 
To bid online, you'll first need to register. Once you´ve registered successfully, you can buy some credits and start bidding.

Each credit costs just Rs 2.0, available in “Credit packs” of 50, 100, 250, 500 or 1000. Pick the size of credit pack you want and make the payment to Bolibol account as per the instructions provided.

As the users bid on the auction, credits are automatically deducted from their account.
Click to expand...

so you pay for taking part in the auction beforehand. After reading through the T&S, I did not find what happens to the credits of the people who lost the auction. Seems they loose the amount.

Also total amount = total bid amount plus the reserve amount whatever it is.

NO wonder thay can afford to give away something for 50 or 500.

more people loose bids more money they get.
 
^ yes, thats the caveat, after reading through, i realized a single deal can end up costing you more(when considering all your failed attempts to bid + the actual bid price for the product), single transaction on an item might sound tempting but one would loose n number of bids in a process to aquire a product :)
add up the extra delivery charges and the tax they mention in the bottom of the product page

so guys stay away :)
 
Well the thing is you SURE might get a product at a great deal (at least this happens on swoopo.com) as well as the site doesn't stand to make any loses as the money from all other bidders will also go to them!

However, more products would be added ONLY if there are more users online. Also note that the site will be paused for bidding from 11:59pm to 11:00am. Also as of now, the products listed are very less.

But in the long run when there are more products, if you concentrate all your energy on just ONE product there are fair chances that might win it and save good $$$. But as of now, the site stands useless.
 
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