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How the Auction Works

How the Auction Works >> How to buy >> How to Sell >> The Feedback System >> Escrow Service >> Comprehensive Help

Register: The first thing to do is to register - registration is free and will take less than 5 minutes of your time. Once you have registered, you are in a position to take advantage of the numerous features on Firstnaija.com
 
Browse/List: A seller places an item on auction - buyers place bids on the items, or if applicable, use the 'Buy Out' option, which means they can purchase the item immediately and do not have to wait until bidding ends. Once bidding is over or the item is purchased using 'Buy Out', seller and winning bidder are notified by email
 
Payment/Shipping: Seller and buyer contact each other to make arrangements for shipping and payment. All this can be done on site using our unique Message Board.

Payment options There are several methods of payment available on Firstnaija.com. The method used to settle any particular transaction will depend on the options offered by the seller.

Firstnaija Escrow: This option takes advantage of the security that the escrow service offers both buyer and seller. Upon successful completion of an auction, the buyer will need to deposit payment (including any applicable shipping or insurance costs) with Firstnaija Escrow Services, who will hold the payment in trust until the buyer receives and accepts the item. Benefit: Only when the buyer has received and accepted the item will payment be released to the seller, thus ensuring they receive what they paid for. Also, the seller is sure that money is collected by a trusted party before he ships the item. Highly recommended. Read more

Bank payment: Payment can be made directly into the seller's bank account. This payment may be made by cash, cheque, or online banking. In most cases, paid funds must clear before seller ships item to buyer.

SitePay: SitePay offers convenience in making and receiving payment for sold items. Using this method, the buyer simply transfers the amount due from his firstnaija.com site account to the sellers site account. This transaction is dependent on the buyer having enough funds in his account to cover the transaction. It is traceable and can be done on site. Highly recommended.

Cash: Not recommended. Cash is not traceable, so firstnaija.com DOES NOT recommend this option. If an item is not delivered to you, you may have no way of getting your money back.

Cheque: Payments can be made using cheques. In most cases, the cheque will have to clear before seller ships the item to the buyer.

Note: Do not agree to pay a seller using instant money transfers, as this is extremely risky!

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