Everything Auction does
Real auctions for real things, in naira. Every bidder is verified, the highest maximum wins, and the winner pays only through NaijaMart Trust, so the seller is paid only after the buyer has the item.
- Set your maximumNaijaMart bids for you, one step at a time
- A fair finishA late bid gives everyone time to answer
- Pay through TrustHeld until you have the item
- Seller is paidOnly after you confirm
Bidding
Set the most you will pay once. NaijaMart bids for you, one step at a time, only as far as it needs to.
- Bidders
Maximum bid
Enter the most you would pay. You pay one bid step above the next-highest maximum, never your full maximum unless someone pushes you there.
- Bidders
Early bidders win ties
If two people enter the same maximum, the one who entered it first leads.
- Everyone
Secret maximums
Nobody sees your maximum. Everyone sees the price, the number of bids and a masked bid history.
- Bidders
No last-second snatching
A bid in the last 2 minutes moves the end to 2 minutes after that bid, so everyone gets a fair answer.
- Bidders
Buy Now
Some lots carry a Buy Now price. Take it before the bidding passes it and the item is yours at that price.
- Bidders
A check before a big bid
A bid over ₦100,000 asks you to confirm it first, so a slip of the thumb does not cost you.
- Bidders
A ceiling on what you can owe
What you can be winning at one time is capped at ₦10,000,000, or lower if your verification level has a lower Trust limit, so every bid is one you can pay for.
- Bidders
Ask to void a mistaken bid
Within 60 minutes of a bid you can ask NaijaMart to void it, from the lot page. Until NaijaMart replies, the bid stands.
Real bidders, real items
Auctions only work when every bid is real. These checks run on every lot.
- Bidders
Verified bidders only
You verify your identity before your first bid, so a bid is never from a ghost account.
- Everyone
No seller bidding
A seller cannot bid on their own lot, and neither can any account sharing their phone number, bank account or verified identity.
- Everyone
Shill bidding watch
Someone who bids on 3 or more of one seller's lots within 30 days and wins none is flagged for a person at NaijaMart to look at. Bids NaijaMart voided still count.
- Everyone
Report a lot
If a lot looks fake, stolen or banned, report it from the lot page. When 3 different verified members report a lot within 30 days, it is paused at once while NaijaMart checks it.
- Bidders
Strikes for not paying
A winner who does not pay gets a strike. 3 strikes in 90 days pause bidding on the account. Your Auction account page lists any strikes.
- Everyone
Help me write
When you report a lot or ask for a bid to be voided, say what happened in a few words, in any language, and get a clear note to send. You always see it and can change it first.
Paying and getting paid
The winner pays through NaijaMart Trust. The money is held until the buyer has the item.
- Bidders
Pay through Trust only
The winner pays within 48 hours, only through NaijaMart Trust. Never pay a seller directly.
- Bidders
Money held until you have it
The seller is paid after you confirm you have the item. If it is not as described, do not confirm: your money stays in Trust while NaijaMart looks at the case.
- Bidders
No buyer's premium
The winning bid is what you pay. Delivery, if the seller offers it, is agreed and shown before you pay.
- Bidders and sellers
Second chance
If the winner does not pay, the seller can offer the item to the next-highest bidder, at that bidder's own last bid.
- Sellers
A fee only when it sells
Listing is free. When the item sells and is paid for, a success fee of 3%, at most ₦30,000, comes off what the seller receives.
Selling
List something real, set your terms, and let verified bidders set the price.
- Sellers
Your terms
Set a starting bid of at least ₦1,000, an optional secret reserve and an optional Buy Now, and pick a length: 1, 3, 5, 7, 10, 14 days.
- Sellers
Photos that show it
Every lot has at least 4 photos, so bidders see what they are bidding on.
- Sellers
Lower the reserve as you go
You can lower or remove a reserve during the auction, never raise it. Bidders see "Reserve not met" until the bidding reaches it.
- Bidders and sellers
Cars with their Motors check
A Motors Verified car put up for auction shows its Motors check on the lot page, with the full report one tap away, so bidders can book a viewing or send a mechanic before they bid.
- Sellers
Your selling page
Every lot you list, its bids, its sale and its payment, on one page.
Keeping you in the loop
Know when you are outbid, when a lot is ending and when something you want is listed.
- Bidders
Outbid alerts
You hear when someone passes your maximum. To spare you a flood, at most one alert per lot every 15 minutes.
- Bidders
Ending soon
A reminder in the last 60 minutes of a lot you are bidding on, or watching with alerts on.
- Bidders
Watchlist
Keep lots you are thinking about in one place, with their price and time left.
- Bidders
Saved searches
Save a search and hear when a matching lot is listed, at most 5 alerts a day.
- Bidders
Texts when it matters
A text message when you win and when your payment is due, as well as the alert in the app.
Prices you can trust
See what things really sell for before you bid or list.
- Everyone
Sold prices
Lots that sold and were paid for, with what they sold for, to search by what you are looking for.
- Bidders
Your bids page
Every lot you are bidding on, whether you are winning, and what you won and must pay for.
