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The following text deals with most of the aspects of selling or buying
on MaltaPark. If you are new to auctions on MaltaPark we recommend you
read the text below.
Introduction to online auctioning
Online auctioning is very similar to real-life auctioning. People put
up items for sale by creating an auction. In the process an initial
price for the item is set. Users can subsequently bid for the item by
bidding an amount greater than the current bid. When the auction closes,
the user who has recorded the highest bid will be able to purchase the
item from the seller.
The seller also has the facility to declare a "Reserve Price"
for the item he is selling. This is the minimum acceptable price for
which the seller will sell the item he is auctioning. If at the time
the auction closes, no bidder will have exceeded the "Reserve Price"
for the item, the seller will have the option not to sell the item.
The "Reserve Price" can at no time be viewed by bidding users,
however he will be informed whether the "Reserve Price" has
been met or not.
At the end of the auction, the winning bidder and the seller will be
emailed each other's particulars so that the deal can be concluded.
Registration with MaltaPark
In order to be able to to sell or buy items from MaltaPark, you need
to register.
Registration is FREE. All you have to do is click
here and fill in the form provided.
A Username and password will be emailed to you. These will allow you
to login to MaltaPark and bid for items or create new auctions.
To login enter your username and password in the "Member Options"
panel on the left and click the "Login" button.
Selling an Item on MaltaPark
In order to sell an item on MaltaPark you should first of all be a registered
user. To create a new auction click on the "Create Auction"
button in the "Member Options" panel. A form will be presented
which will allow you to specify the details of the item you wish to
sell. Included in the form are fields for the Initial Bid, Bid Increment,
Reserve Price, Auction Duration.
The "Bid Increment" is the minimum amount by which each successive
user can increase the amount of the previous bid. So, for example if
the current bid is €4.00 and the Bid Increment is €1.00 then the next
bidder cannot bid €4.50 since the minimum acceptable bid will be of
€5.00.
The "Auction Duration" field will dictate how long the auction
will run. The auction will start automatically immediately at the time
when the user submits the information regarding the item he is auctioning.
The auction will run for the exact number of days as stipulated in the
"Auction Duration" field down to the nearest minute.
Buying an Item on MaltaPark
In order to buy an item from MaltaPark you should first of all be a registered
user. To buy an item that is being auctioned, you must win the auction
ie. you have to be the person who has bid the largest amount for the item
at the time the auction closes. To bid for an item you should click on
the "Details" button in the item list, after which a window
with details of the item will pop up. You may specify the amount you wish
to bid in the "Bid" field at the bottom of this window. Your
bid will be recorded when you press the "Bid Now" button.
If at any time, your bid is surpasses by that of another user, MaltaPark
will automatically email you a note to this effect so that you may be
able to counter this bid if you should like to.
If you have any other queries click here and
fill in the online form.
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