The Dollar Bid Club is a premier social networking auction website where members
can bid on
luxury items for $1 or less and purchase something they’ve always dreamed of owning at
Unlike our competitors such as penny, or traditional auction sites our product provides
a more strategic vs financial advantage to placing that winning bid.
What if I still can't afford my dream item?
The Dollar Bid Club believes everyone deserves to live their dreams.
So, we've come up with some amazing payment plans that we guarantee will not break your bank and we will work with you to ensure it won't. With rates at bellow CDN prime you can't loose.
Also, if you ever wish to sell your luxury item(s) back to us simply email us at email@example.com or call us at 1-855-258-2121 and we will be happy to discuss buying the item back from you at any time.
What are Social Networking Auction Rooms?
A social networking auction room is an online virtual room that members can join to bid on luxury
Every room will have a limited number of seats available and once those seats are full
will start. A small room fee of $5 to $50 will apply to each room you join Note: Some room fees may be higher or lower depending on the product.
Why do you charge a room fee?
The room fee does the following:
1) Validates that the member joining a room is a real person and not a computer program.
in providing a fair bidding environment for all our members.
2) Forms an agreement between the member and Dollar Bid Club in which the member agrees
this item if they end up placing the winning bid.
Can I leave a room once I’ve joined it?
Yes you can leave a room and receive a full refund anytime up until 24hrs before the auction start time is announced.
How can I help get an auction to start faster?
Members are provided with a promo code when they share this code and promote our site or
they, as well as the new members who uses this code will be rewarded with extra bids
their chances of placing that winning bid in their next auction.
Once the room is full when will the auction start?
Auctions will start every Sunday at 4:30pm EST. Your auctions specific start time may
on how many auctions are running that day.
What’s the difference between a strategy-based auction and a finance-based auction?
- A strategy-based auction allows our members to bid using their own strategies
bidding system. If you learn the system and bid smarter than your components you will
- A financed-based auction system simply allows someone with a deeper pocket to continue
until they win.
Due to the extremely high values of our products and the low prices we are selling them
to allow our members the ability to buy these luxury items without having to compete
who will simply out bid them every time.
How do your auctions and bidding system work?
Free members get 10 bids in an auction with the following incremental bid quantities and
1 x $1, 1 x $0.90, 1 x $0.80, 1 x $0.70, 1 x $0.60, 1 x $0.50, 1 x $0.40, 1 x $0.30, 1 x
$0.10, 10 x $0.01 (10 penny bids within your 10 total bids)
Paid members have a strategically advantage over free members because they have a higher
bids available to them in an auction.
Each auction lasts 20 minutes.
Every 2 minutes you are required to place a bid. If you miss a bid you are removed from
For the first 18 minutes every bid requires an incremental element and your best educated guess to what you think the incremental bid will be.
For the last 2 minutes your bids require an incremental element and your best educated guess as to what the final incremental bid will be.
What is an incremental element part of the bid?
This part of the bid increased the items value and is the total price that the winner will have to
item at the end of the auction.
What is best educated guess element of the bid?
This bid is what you think the incremental value of the item will end at every 2 minutes. Be careful
2 minutes we will remove the highest 15% and lowest 15% of these bids from the auction.
the auction you want your educated guess to end up in the middle of the pack when you
Why are bidders removed every 2 minutes?
By removing bidders every 2 minutes we have created another strategy part of our auction
design keeps the potential for the wining bidder to pay a lower price. As members
the total incremental value potential gets reduced.
How do I win?
Place all your bids every 2 minutes for 18 minutes and make sure your educated guess is
middle of the pack. In the last 2 minutes be the closest to guess what the total incremental value will be with out going over and be willing
incremental value total.
How much do I lose if I'm not the winning bid?
You will only lose the room entry fee.
Is The Dollar Bid Club Legal?
We take the law very seriously here at The Dollar Bid Club and we have taken every
measure to make sure we are always within the law.
We are not a lottery and we take this very seriously, our auctions require skill and
order to become the winning bidder.
Our goal at Dollar Bid Club is provide a fair chance for everyone to own a little luxury
her life regardless of how deep your pocket book is.
We will always work diligently for you our customer and partners to make sure you are
How Do I Begin Bidding?
Once on the website's homepage simply click “sign up” on the top right of your screen
select your membership type. We offer packages ranging from free memberships all the way
up to a
lifetime membership and if you are lucky enough to have received a promo code from a
please use it here and you will receive additional bids in the next auction you
paying members will have a strategic advantage in our auctions over free members.
How do I pay for my membership or room fees?
All transactions are handled by PayPal which accepts most Credit Cards (Visa,
How do I collect my prize?
We want you to have the best experience possible, and to be 100% comfortable in your new
purchase. For every large item that can not be transported such as Boats, Cars/Trucks,
Bikes, and Homes we will fly the winning bidder and their companion to location of their
purchase. This allows you to validate your new purchase and complete the transaction.
transaction is completed we can arrange transportation of most items (cars, boats etc..)
transported back to your home.
In some cases certain items my have legal restriction in transporting them across
these cases we can arrange transportation to the border crossing of your choice within
How do I know that my money is secure?
We use PayPal for all our membership fees and room entry fees. For any items purchased
final transaction of the purchased is over $5000 (CDN) than payment instructions will be
done over the
phone using our legal counsel and your money will be placed into trust until you have
and approved of your new purchase.
If you do not validate or approve your new purchase than your money will be returned to
immediately minus the travel expenses. In order to protect the company from people
representing their intent to purchase such luxury items we will deduct the travel costs
your purchase amount and return the remaining amount immediately to you.
Any and all travel expenses will be discussed and agreed upon in writing before your
into the legal trust account.
For our Vacation packages all arrangements for your trip will be completed after full
received and will not be placed into trust. Returns and refund policies will be agreed
writing via email before your trip is booked.