BidXcel: Getting Familiar with BidXcel

There are many penny auction sites available on the web and when users were thinking they had had their fair share of them, BidXcel came up with a lot of buzz. Penny sites work by bidders placing a bid on an item against a small non refundable fee and the last person to bid for the item before the clock chimes zero wins the auction.

What is BidXcel? BidXcel  is a site that was designed to enable users make use of the power of penny auction and get desired goods at a bargain. Whether you are looking for the most recent electronics or game consoles, there are a variety of items to bid on at BidXcel. Bid packs can be bought in pack of ten, thirty, seventy or a hundred. Bidders can either bid manually or use the auto bidder. A tracking system helps bidders keep track of their auction process and any savings likely to be made from the bid.

How does Bidxcel it work?

To be able to make use of the site, a user has to first register through the site’s sign up page. To start bidding, a user will have to top up their account to be able to buy bids. There are four different ways to play which are reverse countdown, lowest unique, pick a price and hit price. This different ways to play work differently and users should understand the difference when getting involved.

With reverse countdown, the bid winner is assured a fifty per cent discount when the clock strikes zero. To be a winner, you should be the last bidder when the clock strikes zero. Users should understand that bids placed almost at the end will cause the countdown to zero to increase. With each bid, the price of the item is reduced. If you want to get the lowest price possible, then place a lowest unique bid. The player with the lowest unique bid at the end of the auction wins.

To make some savings, you could decide to pick a price. All you need do is to click the reveal button and a discount price comes up. You can either buy the item at the revealed price or come back later to check if the discount has further increased. Note however that anytime you click the reveal price button, you will be charged a small fee. If you want a guaranteed discount, then just use the hit the price button. If you are lucky and the price that is revealed equals the suggested discounted price, you get to buy the item at that price. Again each reveal price comes at a small cost which is the price of a bid.

Why BidXcel?

BidXcel claims to offer a fun and exciting way for users to shop for the high quality products and a business model that ensures the bidding is free and fair to all involved. The site also runs a compensation plan that encourages users to make referrals against a small compensation.

How does the compensation plan work? Bidcxcel offer members retail and profit commissions through sales volumes which could either be a qualifying volume or a group volume. Qualifying volumes are those retail purchases made personally by a user or their personally referred affiliates. Group volume refers to purchases made by a users personally referred affiliate and their affiliates personally referred retail customers. To qualify for commissions a user must have at least two active users able to generate at least forty qualifying volume per month. Other affiliates are suppose to carry out a daily promotion although it is not clear what this means.

Membership levels

The commission to be paid on affiliate purchases may vary by the membership rank of the member. There are eleven membership ranks with different qualifying volumes required.

All levels require at least two active customers. A certified affiliate requires forty qualifying volume. To be a supervisor, a user requires 40 qualifying volumes and 120 group volume. Managers require 100 qualifying volume and 300 group volume. Required qualifying volume remains constant at 100 while the group volume requirement increases progressively by 100 from manager, director, executive and senior director.

Qualifying volume and group volume stay at 100 and 600 respectively from bronze, silver through gold executive. There is however an added requirement to have referred affiliates that generating up to 300 of the required group volume. The requirement for platinum executive is 100 qualifying volume and 800 group volume while for diamond it is 100 qualifying volume and 1000 group volume. According to BidXcel, from gold onward the number of group volume required to maintain the level is less than the number require from referred BidXcel affiliates.