Responsible Bidding
Online purchasing activities are becoming increasingly popular as they become recognized as a fun and exciting way of purchasing. Our intention is that MadBid.com is used in this way. We take our responsibility towards helping our customers to have positive experiences using our site very seriously.
At MadBid, we understand that there is a risk, albeit a remote one, that taking part in time-critical auctions can lead to personal and social distress. This can occur if a customer spends an excessive amount of time on the site, reducing the time they spend with family and friends. In this regard, MadBid assumes a responsibility to provide relevant information to ensure that bidding in an auction contributes to the customer’s experience in a positive way.
Please take time to observe the following guidelines:
- Take regular breaks between bidding activities. Use the Autobid feature rather than concentrating on beating the timer.
- Decide on a monthly budget in advance as your own personal limit for use on the MadBid site. Do not increase the maximum limit later on.
- Before you start participating in any auction, decide the number of MadBid Credits you are willing to bid with, or determine a maximum price for the auction, after which you will stop bidding.
- Never participate under the influence of alcohol or medication or if you are in a depressive mood.
- Bid only when you are fully rested and concentrating.
