November 14th 2011,
At Bargainsandfun.com we believe that EVERYONE should have a solid chance of winning any auction they choose to participate in. With that, we have decided to implement a new feature. This feature should be a complete game changer!
We have developed the Zapper. This new functionality will allow you to ELIMINATE other bidders from the auction. Hopefully this will give users a better chance at winning an auction without the fear of being BUMPED out of an auction because they can not compete with others.
HOW IT WORKS:
Once an auction hits 50 bids (this number is only for our initial launch period and will be changed later), the Zapper will become active on the auction. The Zapper will allow you to TARGET your opponents and take them out of the auction. Currently we have no limits on how many people you can zap on a per auction, per day, or per week basis (this may also change in the future). Once targeted you are given a confirmation window where you can either ZAP the opponent or you can let them continue. Once Zapped the opponent is no longer allowed to participate in the auction.
What does it Cost:
To use the Zapper (as stated earlier) the auction must be at a minimum of 50 bids. There is a small fee of either 10 bids or 20% of the targets bids (whichever is higher) that will be charged for ZAPPING a user out of an auction. This 10 bids (or 20%) is the Zapping fee. The only other fee you encounter would be the bids placed by that user (which you have to now cover since they can no longer participate).
Lets say 4 bidders are bidding on an auction. Each have 15 bids placed (putting us over the 50 bid mark). Pidder A decides to ZAP bidder b - This would cost bidder A 25 bids (15 bids used by bidder B plus the 10 bid fee). Bidder B gets back 20 bids (1/2 the zapper fee plus all the bids he used) but can no longer participate in the auction. Bidder C now decides to Zap Bidder A - It would cost bidder C 50 bids (15 bids used by Bidder A, 20 Bids used to zap bidder B and 10 bids for the Zapper fee). Bidder A would get back 45 bids (all the bids they used PLUS 1/2 the zapper fee) and would no longer be able to participate. The remainder of the Zapper fee will always go to the house as a FEE for using the Zapper. In this case only Bidder C & D would be able to continue bidding. If a new bidder joins (call him Bidder E) he could instantly zap one of the others (costing him the appropriate amount of bids) or be zapped (costing the zapper 11 bids if he only placed 1 bid).
If you have any questions on this new functionality please feel free to e-mail us! We hope you'll all enjoy this new twist and as always have a Wonderfun Day!