What is EesAuction?

EesAuction is an online E-auction platform on which goods, classified under industries such as technology, automobiles, textiles, et cetera, are auctioned. It is the first of its kind in Nigeria. EesAuction aims to improve sellers' visibility to interested buyers while providing a platform that allows buyers to have a stress-free experience while shopping.

About EesAuction

It is a company that was established in 2020 to improve the shopping experience of both buyers and sellers online. They aim to enhance the visibility of a sellers' goods to interested buyers, while making sure that these items are available and affordable. An auction is an event where buyers place bids on assets and goods. Online auctioning, also known as E-auction, is the conventional auction conducted over the internet. However, the concept of E-auction is not understood by the majority of the Nigerian populace. This is because of the slow progress of economic development in the country, which implies that it still has a long way to go in the country.

Many businesses have begun to invest in the online market's opportunities since the advent of the internet. Goods from different sellers are displayed online for interested buyers to get. This enterprise's benefit is that interested buyers from anywhere in the world can buy these displayed goods at reasonable rates. The auction, a complex form of shopping, has also been translated from its traditional form to incorporate the online market's intricacies fully. This transition birthed what is now called online auctioning or E-auctioning.

Online auctioning can revolutionise the online business market in Nigeria though it is a late entrant. It is to fulfill this need that EesAuction was born. It is a company that seeks to address the gap between public sales and the purchasing character of interested buyers. Its services cut across concepts of e-Commerce, e-Auction, and e-Empowerment. The operations on the EesAuction platform are similar to the standard processes involved in auctioning.

A dedicated company they have the vision of becoming a household name in Nigeria by 2022. They hope to be the most reliable and dependable E-auction company in Nigeria, Africa, and globally. To achieve this, they have to improve people's confidence and participation in the auctioning process while making sure that originality, transparency, customer satisfaction, among many other virtues, are their creed.

How do you bid on EesAuction?

With EesAuction, bidding is time-based, which implies that bidding will commence at a set time, and the timer will countdown to zero. It is important to note that the item to be sold is displayed online days before the bidding is set to begin. This period is known as the previewing period that allows interested buyers to get acquainted with the item they want to purchase. To start to bid on the EesAuction platform, buyers will have to follow some steps to make them eligible for bidding.

First, a buyer must register and sign-up on the platform, creating a profile on their page. An e-wallet will be provided that the buyer has to fund with #1000 to be an eligible bidder. When the item of interest has been marked, the buyer has to click on the bid button to commence bidding. The last valid bidder with the highest bid is declared the winner of the auction. All bidders must remember that the bid value is deducted from their wallet, and it is non-refundable.

After the bid, the highest buyer, who is also the winner of the bid, is expected to close the deal within three working days to a specified account owned by EesAuction. The payment for the goods will be verified within 24-hours of a working day. The winner of the bid will collect the item from a delivery centre designated for EesAuction within the city the buyer registered. It is important to note that the buyer's right to the auction is foreclosed if the bid is not closed within three days.

It is also important to note that every good won must be claimed within five working days from the bid's date of closure. If the buyer cannot claim the item within this time, EesAuction must be contacted within 24 hours before the expiration date. When a buyer refuses to claim the item, EesAuction discards their obligation to the buyer, and they do with the item as they see fit.

Buyers may decide to close their account with us and will be allowed to withdraw 80% of their balance, where the 20% is non-refundable. It is important to note that we will not permit the withdrawal if it is linked to transactions that allow the transfer of money from one payment method to another.