March 29, 2011
Warid Reverse Auction Service: Buy via SMS
How to Use Warid Reverse Auction Service?
With Warid Reverse Auction the winner is the person who makes the lowest bid that no one else has made! Unlike a normal auction where the highest bidder gets to buy an item at the price they bid, with this service the customer placing the lowest unique bid wins the auction and gets to buy the auction item at the minimum unique price!
Send your bid amount in an SMS to 3000. Please remember that your bid must be in paisas. For example if you wish to bid Rs 3.21 please send 321 as your bid amount.
Participating in Warid Reverse Auction is as easy as following the ‘3 2 1’ steps below:
Lowest Unique Bid:
The lowest unique bid is the lowest amount that no other person has bid
When two people place a bid for the same amount, that bid is no longer unique
When a person has a unique bid but there are other unique bids that are lower, then it's not the lowest bid
The duration of a campaign will be one week
Bids must be received between the start and end dates of the current auction
The winner will be required to pay the bid amount for the auction item at a Warid Business Center
The list of winners shall be updated at the Warid website on a weekly basis.
Frequently Asked Questions
Q: What is a Reverse Auction?
A: In this auction, the person who sends in the lowest unique bid wins the auction.
Q: How do I bid?
A: By sending you bid amount in an SMS to 3000. Please remember that your bid must be in paisas. For example if you wish to bid Rs 3.21 please send 321 as your bid amount.
Q: How many bids can I send in?
A: As many as you like as there is no limit on the number of bids per person.
Q: Who wins an auction?
A: The person who at the close of the auction has the lowest unique bid wins the auction and is entitled to buy the item at their bid amount.
Q: How do I purchase the item if I win an auction?
A: Contact your nearest Warid Business Center.
Q: What if at the end of an auction there are no unique bids?
A: In that case the person who placed the first bid in the winner.
Q: How much does each bid cost me?
A: Each SMS you send to 3000 costs you Rs. 3 plus tax.
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