Enter a UPI ID to associate to your Bidforx account.
Note: Funds transferred from UPI ID and UPI ID enter during Add Bids should be same .
On BidforX, we have two types of bids:
You can view the total number of bids in your wallet by accessing your ‘Profile’, and your BidforX wallet has three sections:
Section for non-withdrawable bids, which stores the Bids that you earn.
Note: All the bids you earn via cashbacks and promotional offers are credited in the ‘Non-withdrawable’ balance. You cannot withdraw this balance into your bank account .
Section for holding bids that you ‘Allocate to Auto-bid'
Note: The bids that you allocate to Auto-bid, will first deduct bids from the ‘Non-withdrawable’ balance in your wallet, and then deduct the bids from ‘Withdrawable’ balance, in case your ‘Non-withdrawable’ balance doesn’t have sufficient number of bids.
At any point of time:
Number of ‘Withdrawable bids’ + Number of ‘Non-withdrawable bids’ + Number of bids ‘On-hold for Auto-bid’ = Total number of bids in your wallet.
Now let us understand this with an example:
Total number of bids in your wallet = 100
Number of ‘Withdrawable’ bids in your wallet = 50
Number of ‘Non-withdrawable’ bids in your wallet = 50
Now let’s say you want to allocate 75 bids to Auto-bid for any product, first off, 50 bids will be deducted from your ‘Non-withdrawable’ balance, and the remaining 25 bids will be deducted from your ‘Withdrawable’ balance.
Let us talk about how cashbacks works on our platform. Take a glance at the cashback policy table here:
|AMOUNT INVESTED||2X CASHBACK||10% CASHBACK|
|(Slab 1) Less than 5% of MRP||0% of your spend||0%|
|(Slab 2) 5-10% of MRP||20% of your spend||10%|
|(Slab 3) 10-40% of MRP||30% of your spend||10%|
|(Slab 4) More than 40% of MRP||50% of your spend||10%|
Note: To claim your ‘Cashback’, go to ‘My Offers’ where you can find a list of all the auctions you participated in, along with their respective ‘Cashback’ offers.
Let us assume that you spent Rs. 60 (qualifies for Slab 4 cashback) in an auction. So your claimable cashback amount is Rs. 30 (50% of Rs. 60 as per Slab 4).
But the good news is that you can actually claim Rs. 60 instead of the cashback you are eligible for i.e Rs. 30. All you have to do is add just Rs. 30 more to receive Rs. 60 worth of bids in your ‘Non-withdrawable’ balance. Double, right? Hence, the ‘2X Cashback’.
Note: If you don’t wish to claim 2X Cashback, you can claim flat 10% of your spend, as per Slab 2, 3, and 4.
Exclusive 100% Cashback
Folks! Now this is where it gets really exciting. To give you another huge reason to 'bid & win' we have select products with 'Exclusive 100% Cashback' offer. Yes, H-U-N-D-R-E-D!. Read More
Auto bids help you keep bidding even when you aren’t in front of your screen. The bidding process is automated as per your specifications. This gives you a shot at winning an auction effortlessly.
For eg: If you want to buy a TV worth Rs. 2,00,000, you can set the bidding frequency to, say, every 7 seconds, and a maximum budget for the auto-bid as ₹2,000. We will automatically keep placing bids on the TV until the total spend reaches ₹2,000.
This will ensure you remain the last highest bidder for an auction till your specified budget is there. And the system will further ensure those bids are placed optimally.
We provide auctions for different product categories, starting with Electronics. We will also conduct a poll to identify categories where there is more user demand and bring them on BidforX
BidforX provides vouchers with which you can do two things:
The items are original and are delivered to you from websites like Amazon, Flipkart and Tatacliq. So you can rest assured on the quality of the same.
We make money from our partners. So a partner like Amazon, Flipkart, and Tatacliq pays us when an order is made from their website.
When users don’t succeed in winning auctions and opt out of the discount, the total amount they have bid is an additional source for us.
The auctions are strategic in nature. You need to optimise your budget and bids in a way that you can be the last bidder.
BidforX is bringing a novel way of auctioning to Indian audiences. We care for our users and wish to build a trustworthy experience for our users where they can transact. Hence all products are procured from reliable brands like Amazon, Flipkart and TataCliq. This novel auctions empower Indian users to get their wish fulfilled by getting an opportunity to get what they want at 1% of their price.
First off, please make sure that the UPI ID you enter in the ‘Add Bids’ popup and the UPI ID that you use to carry out the transaction are SAME. No bids will be credited if you carry out the transaction using any other UPI ID.
It may take up to 15 minutes to credit bids in your wallet. We request you to be patient till then.
Note: In case you deposit money using a wrong UPI ID, kindly send a screenshot of the transaction window, which essentially includes the transaction reference ID. We will try to resolve the issue as soon as possible and credit the amount in your BidforX wallet.
BidforX allows you to send or receive bids from your friends and other users with the help of ‘Vouchers’.
Let’s say your name is ‘Bill’ and you want to send bids to your friend ‘Joe’. In order to do that, you will have to generate a voucher in the name of Joe, which he can redeem. Now, to generate a voucher:
Note: Your BidforX wallet must have sufficient balance to allow you to generate voucher for the amount entered. .
Now let’s say Joe sends you a voucher, which you have to redeem to receive bids in your BidforX wallet. Along with the voucher, you will receive a ‘Secret key’ on your registered mobile number and email address. To redeem the voucher:
Don’t forget to thank Joe for the awesome gift.
Each and every product listed in our auctions is ordered from recognized e-commerce sites like Flipkart, Amazon etc. Hence, any product that you win in our auction is shipped with original invoice and warranty. Additionally, we also bear the shipping charges.
One account per user is allowed on BidforX. Any user running multiple accounts on BidforX will be spotted and both of their accounts will be suspended.
Once you win an auction, you are eligible to claim your product, which will then be delivered to your address. But in order to claim your product, your KYC should be approved. We at BidforX follow strict KYC rules to avoid frauds, cheating and other malicious activities.
After your KYC is approved, you can go to ‘My Wins’ to claim your product. You will also receive an email notifying you about the order confirmation and time of delivery.
KYC is mandatory before you claim a product you win in an auction. To complete your KYC at BidforX, access ‘Profile’. In the profile section, you will be prompted to submit your KYC documents.
To complete your KYC, we need an identity proof and an address proof. We accept only PAN card as an identity proof. For address proof, you can provide Passport, Driver’s license, Voter ID card and Aadhaar card. Make sure that the details on your documents are clearly visible and readable.
Your KYC will take 24-48 hours to approve, provided all the documents submitted are appropriate and valid.
Anyone except a registered employee of BidforX is allowed to participate in BidforX auctions. BidforX is a people’s platform and always will be.
In an event of dispute, you can drop a mail at firstname.lastname@example.org. We will get back to you soon and provide assistance until your issue is resolved. That’s a BidforX promise!
Currently, we accept deposits only through UPI. There are multiple apps in India that allow you to transact via UPI, of which, we would recommend Tez, BHIM, and Paytm.
BidforX has a unique participation model for bidders, which makes sure all the auctions are congestion-free, and provide with a fair chance of winning for anyone who participates. The model achieves what it intends by assigning a ‘Level Rating’ to each registered bidder on BidforX. In addition to that, all the products on BidforX also have different ‘Level Rating’. Currently, there are three level ratings on BidforX – Level 0, Level 1, and Level 2. This necessarily means that bidders can participate and bid for all the products marked with their respective level ratings and above.
For example – A bidder with a Level 1 rating can participate in the auctions marked with Level 1, Level 2 and so on.
The ‘Level Rating’ is determined and assigned to a bidder as per the number of auctions they have won.
Please refer to the ‘Level Rating’ table below:
|Level Rating||Auctions Won|
|2||15 & above|