What is BidorBuy? BidorBuy Review

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Bidorbuy was launched by Andy Higgins in August 1999 during the dot com boom in South Africa.

In January 2000, bidorbuy launched a massive marketing campaign led by Nitzan Tal as Managing Director and within a few months made bidorbuy the leading e-commerce and one of the strongest internet brands in South Africa. This campaign won 2 APEX awards.

Between February and April 2000, Nitzan Tal launched sites in India and Australia.

In 2001, following the dot-com crash, the Australian site closed and the Indian site merged with former arch-rival Baazee.com (acquired by eBay in 2004).

Starting in 2005, as the use of broadband by South African businesses and private users increased, things began to change and Bidorbuy.co.za soon 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, Africa’s largest online marketplace, announced that it would accept Bitcoin payments.

Mode Change

Auctions: Initially, bidorbuy was limited to online auctions.

Sales: In 2001, bidorbuy launched the buy it now format, selling items at a fixed price.

Announcement: In 2005, bidorbuy launched a classifieds section where sellers can display items that may not be easily sold on the Internet, such as used cars, properties and services.

Buy Nows and Auctions with Make an Offer: In May 2015, bidorbuy launched the Make a Offer feature, first for Buy Nows and later for Auctions, allowing buyers and sellers to negotiate price.

Auction Buy Now: In November 2015, bidorbuy offered sellers the option to include a "buy it now" price in their auction listings.

Payment Methods

bobPay-EFT (Internet Transfer) was developed by bidorbuy to include payments via credit card and electronic transfers, enabling almost instant internet payments at the four largest banks in South Africa: Absa, FNB, Nedbank and Standard Bank. bobPay Credit Card allows verified bidorbuy sellers who do not have an internet credit card merchant account to accept credit card payments from customers. Other payment methods are also available, including credit shopping and PayPal.

cost

As a C2C platform, "BidorBuy" mainly makes profits by providing platform services, charging advertising fees and sales commissions.

BidorBuy's sales commission is mainly divided into two parts: success fee and final order value fee.

As the name suggests, the success fee is a fee paid to BidorBuy calculated based on the sales price and the different commission ratios for each of the following categories.

Final order value fee means that when customers pay additional fees such as shipping or insurance, BidorBuy will also charge a commission of 6.61% on the extra fees.

Since the shopping mode of Bidorybuy is to place an order first and then pay, there are usually a lot of orders placed but not paid to complete the final order. As long as an order is placed (not paid), Bidorbuy will automatically charge a commission.

Awards

Public's Favourite E-Commerce Website and Best E-Commerce Services Website at the JumpShopping South African E-Commerce Awards 2011. Winner of the Clickatell Personalised Priority Messaging (PPM) Awards in the Enterprise category, 2011.

2012, Best E-commerce Service Website at the South African E-commerce Awards.

Best Customer Service Website at the South African E-Commerce Awards, 2013.

Best App in Africa on Africacom in 2013 and 2014 - bidorbuy Android App.

Nominated in 2014 for MTN Business Application.

2014, Finalist of App Circus - bidorbuy Android App.

Best E-commerce Service Platform at the South African E-commerce Awards, 2014-2017.