What is BidorBuy?
BidorBuy is an important online shopping mall in South Africa. It is an English e-commerce website based on the Internet auction and online market model, allowing individuals and businesses to trade with each other.
-BidorBuy was first launched in August 1999 by Andy Higgins during the dot-com boom in South Africa.
-In January 2000, BidorBuy was officially launched. Under the leadership of General Manager Nitzan Tal, BidorBuy launched a large-scale marketing campaign.
- From February to April 2000, Nitzan Tal established websites in India and Australia.
-In 2001, after the dot-com bubble burst, the Australian site closed and the Indian site merged with former arch-rival Baazee.
-In October 2001, Higgins continued to run the South African operation.
In 2005, things began to change as South African businesses and private users adopted broadband, always-on Internet access. BidorBuy quickly became the largest online marketplace of its kind in South Africa and Africa.
-In 2010, BidorBuy invested in PayFast.co.za, a local online payment solutions company.
-In May 2014, BidorBuy invested in the e-commerce company uAfrica.com.
-In March 2016, Bidorbuy announced that it would accept Bitcoin payments.
The trading of collectibles, mainly in the form of auctions, is the foundation on which BidorBuy is built, especially South African coins, stamps, antiques, etc., which remain very popular. Currently, BidorBuy has expanded to other categories, including all products that can be legally traded. In 2008, BidorBuy focused on developing its automotive section, attracting many car dealers to go online on the site, making it one of the largest online automotive shop windows in South Africa.
BidorBuy's fees:
As a C2C platform, BidorBuy mainly makes profits by providing platform services, charging advertising fees and sales commissions.
1. BidorBuy's sales commission is mainly divided into two parts: Success Fee, as the name implies, is the fee paid to BidorBuy calculated based on the sales price and the different commission ratios for each category; Final Order Value Fee refers to the extra fees when customers pay additional shipping or insurance and other fees. BidorBuy will also charge a commission of 6.61%. Since the shopping model of the BidorBuy website is to place an order first and then pay, there are usually a large number of orders placed but the payment fails to complete the final order. As long as an order is placed (not paid), BidorBuy will automatically charge a commission.
2. Projects listed in the classifieds column do not require a success fee. Instead, sellers who list their items in classified ads pay a fixed listing fee.
3. Items listed in any transaction format (Auction, Buy It Now or Classifieds) may be advertised on the home page and other parts of the site in rotation for a specific fixed fee.
This is the end of the introduction to BidorBuy. If you want to get more information about BidorBuy, please continue to pay attention~
