Buy Item


Once you have an eBoso account, you have the priviledge of both a seller and a buyer and you can buy anything at any time in any state.

 

Watch


When you browse and find an item you desire or want to buy, you can simply keep an eye on the item by clicking on the "Watch" button.

Once an item is being watched, it will be visible under Buying Tab of My eBoso, simply click on the filter on the right-hand-side to select "Watching", to see the items you are watching.

 

BUY


Depending on the options provided by seller, some items on eBoso have the option to allow buyers to buy an item immediately (without going through auction).
To buy an Item, simply click on BUY button on the item description page and pay for your purchase from your wallet.


ADD TO CART


You can use the "Add to Cart" button to purchase multiple items, so you don't have to check out one-by-one.

If an items have both the BUY and BID buttons, the listing can be ended and owned by the person willing to pay the purchase price using the "BUY" button. All bidder will at this point be informed of not winning the item.

 

Make Offer


Sellers of certain items allow buyers to make offer. To make offer to a buyer, simply enter the amount you are willing to pay the seller and click "Make Offer"


Minimum offer


When a seller accept offer, such seller will also have set a minimum offer, if you make any offer to them bellow their minimum offer, your offer will be automatically reject.

If you make offers above their minimum offer set, the seller will chose who they want to sell the item to from the list of accepted offers.

 

Bid


eBoso sellers are encouraged to list most of their items on auction, so, you are likely to see the "BID" button on many items.

The first thing to note is that; BID on eBoso is FREE, and requires no token to bid. You'll only pay for an item after you've WON it.


Reserve not met


When listing items on auction, seller have the option of setting a reserve, so if bidders did not meet the reserve amount set, the item remain unsold. When you bid, note the message in the BID box, if it says "Reserve not met" you will have to increase your bid until the reserve has been met, if not, the highest bidder will not win the auction (item will go unsold)

 

How Bidding on eBoso works


Use the following Assumptions:

Condition 1:   Bidders are defined by user ID not number of BID

Condition 2:  eBoso site increment is N0.5

Condition 3:  Current bid = Start bid, if bidders = < 1 or  = 1,

Condition 4:  System bidding = the lower of; 2nd highest bid plus eBoso increment or the highest bid placed.


Andre is Seller 
Mohammed is Seller
Chidi is Buyer 
Eze is Buyer 
Adeola is Buyer 
Ola is Buyer 


Case 1:
Andre listed an iPhone on eBoso for N300 (Buy Now) and start bid at N10.


Case 2:
Mohammed listed a vintage clock on eBoso auction start Bid at N4000

Case 3:

Andre listed a laptop on eBoso auction for N150


Buyers Action: Case 1 - N300 Buy Now or N10 Start Bid.


Chidi Bid N15 (Current BID displayed to the public remains, N10), Start Bid = Current bid, if bidders = 0 or 1.


Adeola Bid N35 (Current BID displayed now is N15.5) {2nd highest bid plus eBoso increment} Chidi is outbid, Adeola is the Highest bidder


Adeola Bid N100, again, just to be sure he will not be outbid anytime soon. (Current BID displayed now is still N15.5) because the same user ID is still the highest bidder, so it doesn’t count as 2 bidders but 1. So the 2nd highest bidder is always checked based on user ID.


Chidi place another Bid N30 (Current BID displayed now is N30.5) {2nd highest bid plus eBoso increment) Chidi is still outbid, Adeola is still the Highest bidder


Chidi place another Bid N70 (Current BID displayed now is N70.5) {2nd highest bid plus eBoso increment) Chidi is still outbid, Adeola is still the Highest bidder


Eze place a Bid N75 (Current BID displayed now is N75.5) {2nd highest bid plus eBoso increment) Eze is outbid, Adeola is the Highest bidder


Chidi place another Bid N130 (Current BID displayed now is N100.5) {2nd highest bid plus eBoso increment) Adeola is outbid, Chidi is now the Highest bidder


Chidi place another Bid N230 (Current BID displayed now is N100.5) {2nd highest bid plus eBoso increment) Chidi is still the highest bidder


Eze place a Bid N200.50 (Current BID displayed now is N201) {2nd highest bid plus eBoso increment) Eze is outbid, Chidi is still the highest bidder


Eze place a Bid N260 (Current BID displayed now is N230.5) {2nd highest bid plus eBoso increment) Chidi is outbid, Eze is now the highest bidder

Auction end now:

Eze wins, at N230.5

 

Buyers Action: Case 2 - N4000 Start Bid.


Ola mistakenly place a Bid N1000 (Current BID displayed to the public remains, N4000),  **Increase your bid to a figure higher than current bid**


Ola then Bid N10,000 (Current BID displayed to the public remains, N4000), Ola is the only bidder, and highest bidder. Start Bid = Current bid, if bidders = 0 or 1.
 

(No one else place a bid)

Auction end now:

Ola wins, at N4000

 

Buyers Action: Case 3 - N150 Start Bid.

 

Eze place a Bid N200 (Current BID displayed now is N150) Start Bid = Current bid, if bidders = 0 or 1.


Ola place a Bid N290.10 (Current BID displayed now is N200.5) ) {2nd highest bid plus eBoso increment}, Eze is outbid, Ola is the highest bidder


Eze place another of Bid N290, (Current BID displayed now is N290.10) Eze is still outbid; Ola is still the highest bidder. 

Note: Current BID is suppose to be N290.50, but since N290.50 is higher than highest bidders bid, the lower of the 2 figure is used)


Auction end now:

Ola wins, at N290.10