How it works
New to Spindealz?
How it works
1. Register to become a member and take advantage of the great deals here at Spindealz. Registration is free and is simple. An email confirmation is required, so complete registration by checking your email and clicking the account activation link. Currently, registration is only available to the US.
2. Purchase bids to place bids on an auction item through our secure checkout. Select from one of several bid packages, starting at 0.59 cents per bid, and as low as .50 cents per bid!
3. Find your item from our great selection of electronics, gadgets, and gift cards.
4. Once you have found your item, click on ‘Bid’, to place a bid. Each time a bid is placed, the auction item price increases by 0.01 cent and the auction timer is increased. Each time you place a bid, one bid is deducted from your available bids. If you are the last bidder when time runs out, you have won the auction!
The idea behind Spindealz
Each bid costs only 0.59 cents, and are offered in several bid packages. The largest bid package is the most discounted, and can be purchased through our secure checkout using PayPal, or any major credit card.
Each time you bid on an item, one bid is deducted from your available bids. Each time a bid is placed, the auction timer is increased by a maximum of 25 seconds, and the auction price is increased by $0.01 cents.
If you are the last bidder when the timer expires, then you have won the item! You will have to pay the final auction selling price, plus shipping and handling (if applicable). If you did not win, then you have lost the bids used, but don’t worry, we have an excellent reward system for you to select from various gift cards and prizes!
Types of Auctions
Penny Auction - The most common auction is our Penny auction, where each bid placed increases the auction timer and the auction price by $0.01 cents. The auction ends when the timer expires.
Multi-bid Auction – A promotional auction in which Spindealz offers free bids for every bid you place! Take our Quad-Bid auction for example: For every bid that you place, Spindealz will give you three free bids that you may use only for that auction, until the auction price reaches a special reserve price. After the reserve price is met, the Multi-bid auction becomes a Penny Auction. The auction ends when the timer expires.
Spin-it Auction – A promotional auction in which you are offered the chance to “spin” the deal. Spindealz will offer to buy the item back from you at full price, minus the winning auction price. For example, if you won an Xbox 360 Kinect 4GB bundle for $50.00, Spindealz will offer you the retail price of $299.99. If you accept our offer, you will receive $299.99 - $50.00 = $249.99! If you “spin” your deal, no auction items are shipped to any destination.
How does bidding work?
Single Bids - Easy! You can place a single bid by clicking on the ‘Bid’ button on an item. Your bid will be deducted account and the auction price will increase by $.01. The timer for each auction counts down until it reaches 0:20 seconds. When a bid is placed below 0:20 seconds, the timer resets to 0:20 seconds. This gives everyone an opportunity to make a last winning bid. The last person to place a bid when the timer expires wins the auction! Please note timers will increase by a maximum of 0:25 seconds as timers vary for different auctions.
AutoBid – AutoBid is an automatic bidding system for those on the go. We understand some auctions can run longer than expected and you may need to step away. Simply set your max price and the number of bids you want to use and that is that. The AutoBid feature will place the bids for you and only use bids if the price is within your minimum or maximum.
If you still have questions, please email us at firstname.lastname@example.org, and we will respond within 48 hours!