Welcome to SOC Auction System

Unlimited Real Time Auctions.

Run as many auctions as you like, there are no extra fees.  Total cost is just 2% Flat Rate Commission- capped at $10 per item. Running an online auction has never been easier!

How To Bid
Bidding can take place by either submitting your immediate bid in the ‘Next bid’ field or by using ‘Auto bid.’All bid amounts are in whole $ only (eg: $9, $20, $33, $99, $387 etc).

Current Bid
Enter the amount you would like to pay for an item in the ‘Next bid’ field. Once you click ‘Bid Now’ your bid will be submitted – there is no confirmation page! Your bid will be immediately entered into the auction - you will be participating in a LIVE Auction in Real Time, so please be certain that your ‘bid amount’ is correct.

Your bid will need to be more than the ‘Current bid’ by a minimum of $1, to be accepted into the auction. You can enter any dollar amount that you choose in the ‘Next bid’ field. If another bid is submitted that is higher than your previous bid, you will immediately have the opportunity to submit another higher bid.

Bids can be made at any time prior to the end of an auction.
If a bid is made during the final 10 seconds of an auction, the auction time will be extended automatically by a further 20 seconds from the time such bid is made. The auction will close once all bidding activity has completely stopped for a period of 10 consecutive seconds.

Auto-bidding
Simply specify the ‘maximum’ amount that you are willing to pay for an item at auction and ‘Auto bid'’ will do the rest. ‘Auto bid’ will only bid to your set maximum or to the minimum amount needed to purchase the item. 'Auto bid' will not bid any more than the amount you set.

'Auto bid' will automatically submit bids in $1 increments above any previous bid, until your maximum bid amount has been reached. If the auction continues above your set ‘Auto bid’ amount, 'Auto bid' will cease submitting bids.

If you are the highest bidder above the Reserve Price when an auction ends, then you have successfully purchased the item using 'Auto bid.'
If you are the highest bidder above the Reserve Price when an auction ends and your maximum bid amount has NOT been reached, then you have successfully purchased the item and 'Auto bid' has incurred a saving for you!

Withdrawing Bids
Once a bid has been submitted it CANNOT be withdrawn! All bids submitted are FINAL!
We un-categorically state that you must seriously consider any $$$ amount that you decide to bid at an auction. There is no cancellation of your bid once you have clicked the ‘Bid Now’ button or if your offer has been submitted using ‘Auto bid.’

Reserve Price (Optional)
The Reserve Price is the minimum price that a seller will accept for an item at auction.
Reserve Price applies to Auctions only and is optional. The Reserve Price is not visible for anyone to see.

Many buyers prefer auctions because they believe an auction gives them the opportunity to purchase an item at a bargain price. Auctions beginning at a low price usually attract more interest. Setting a Reserve Price enables the seller to start the auction at a low price, while protecting them from an unsatisfactory sale price.

If a Reserve Price has been set for an auction, then the Reserve Price must be met or exceeded before the item can be sold at auction.
A will indicate that a Reserve price has been set. When the changes to a buyers will then have confirmation that the Reserve Price has been met and the item will be sold to the highest bidder!

The seller CANNOT change the Reserve Price once the first bid has been made on an auction!

If NO RESERVE price has been set for an auction, the item will be sold to the highest bidder at the conclusion of the auction!

Rules for bidding
Placing bids – Buyers are legally obligated to purchase an item if they are the successful bidders at an auction.

Once a bid has been submitted it CANNOT be withdrawn. As soon as the ‘Bid Now’ button is clicked or the ‘Auto bid’ function has submitted your authorized bid, you are responsible for payment if you are the winning bidder in the auction.

 Sellers list the starting price to an auction. This is the only time that a seller can take part in an auction.

The SOC Exchange prohibits all sellers from using other usernames or using other SOC Exchange members to submit bids on their behalf. If you suspect that ‘Dummy Bidding’ is taking place at an auction please report it.

The SOC Exchange will investigate any breaches of its policies. Any report brought against a Seller or Buyer may result in their membership being suspended or terminated.

At the conclusion of an auction, the successful bidder and seller will have their contact email address ( the email address they use to login ) and their phone number forwarded to each-other, to enable a prompt and efficient transaction!

By bidding on an item, buyers accept the sale, payment and delivery terms / options offered by the seller. Buyers can make contact with sellers to arrange alternatives, but the seller is under no obligation to accept such a request.