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  #21  
Old 24.12.2009, 08:24
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Re: Ricardo bidding system rant!

I've been buying quite a few bike parts on Ricardo lately and have had very good experiences. There are far less bidders than there would be on eBay, making it more of a buyer's market.

I don't participate in the competitive side of it much. Generally, when I see something that looks interesting and the current bid is not too high, I enter what I deem to be a reasonable price, which might be well above the current bid, and let the system automatically place bids for me. If someone outbids me, then it's no big deal, they were willing to pay more than I was, their bid is not going to make me suddenly adjust the perceived value of the item and make me change my evaluation and bid again. Therefore, I've never noticed that the auction gets extended by 5 minutes because I've never been logged in when an auction is going to end - life is too short to worry that much about these material things.

There are a lot of parts that I've looked at that have not received any bids, and often I am the only bidder, so I get it for the minimum price. I've been able to get many of the parts I needed to finish building a bike for a friend for a really great price, and have also picked up several parts for myself. I think Ricardo is great.

The other BIG advantage of Ricardo over eBay is that you don't have to deal with PayPal; payment is always by bank transfer or by handing over the cash if you meet-up to collect the item. I hope I never have to deal with PayPal again. Sure, the Ricardo system is less secure, but I've had no problems yet, and I'm happy to take a bit more risk to stay away from the evils of PayPal.
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Last edited by ChrisW; 24.12.2009 at 08:38.
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  #22  
Old 24.12.2009, 08:29
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Re: Ricardo!!!

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You seem mightily suspicious of sniping, and yet there is zero difference between sniping and placing your bid in the dying seconds of the auction.
Yes, exactly my point. Both are stupid and I prefer the 5min way for bidders only.
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  #23  
Old 28.12.2009, 14:14
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Re: Ricardo bidding system rant!

One of our only real complaints regarding the Ricardo system is that their so-called 'prizes' and 'competitions' are not open to those living just across the border - as we are. Additionally, we have to keep our account in the black and are not allowed [under penalties] to have an 'overdraft'. Otherwise, we've bought some really lovely items, bearing in mind that if it is more than 3 years old [antiques excepted] the Swiss generally 'must' have a new one. A la bonheure for the rest of us!
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  #24  
Old 14.01.2010, 09:42
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Re: Ricardo bidding system rant!

I won an item on Ricardo yesterday. I am supposed to pay the seller directly with cash when we meet. Seems a bit strange, and much different than eBay.
My question, how does Ricardo make money on this transaction?

fduvall

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I've been buying quite a few bike parts on Ricardo lately and have had very good experiences. There are far less bidders than there would be on eBay, making it more of a buyer's market.

I don't participate in the competitive side of it much. Generally, when I see something that looks interesting and the current bid is not too high, I enter what I deem to be a reasonable price, which might be well above the current bid, and let the system automatically place bids for me. If someone outbids me, then it's no big deal, they were willing to pay more than I was, their bid is not going to make me suddenly adjust the perceived value of the item and make me change my evaluation and bid again. Therefore, I've never noticed that the auction gets extended by 5 minutes because I've never been logged in when an auction is going to end - life is too short to worry that much about these material things.

There are a lot of parts that I've looked at that have not received any bids, and often I am the only bidder, so I get it for the minimum price. I've been able to get many of the parts I needed to finish building a bike for a friend for a really great price, and have also picked up several parts for myself. I think Ricardo is great.

The other BIG advantage of Ricardo over eBay is that you don't have to deal with PayPal; payment is always by bank transfer or by handing over the cash if you meet-up to collect the item. I hope I never have to deal with PayPal again. Sure, the Ricardo system is less secure, but I've had no problems yet, and I'm happy to take a bit more risk to stay away from the evils of PayPal.
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  #25  
Old 14.01.2010, 09:47
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Re: Ricardo bidding system rant!

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I won an item on Ricardo yesterday. I am supposed to pay the seller directly with cash when we meet. Seems a bit strange, and much different than eBay.
My question, how does Ricardo make money on this transaction?

fduvall
Ricardo will charge the seller according to the selling price.
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  #26  
Old 14.01.2010, 10:27
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Re: Ricardo bidding system rant!

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I won an item on Ricardo yesterday. I am supposed to pay the seller directly with cash when we meet. Seems a bit strange, and much different than eBay.
My question, how does Ricardo make money on this transaction?

fduvall
I have met and paid in cash many times on ebay as well. Easy and fast (probably the reason why cash was invented in the first place).

That was before they started to force everyone into paypal... which I find the opposite of easy and completely overpriced.
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  #27  
Old 14.01.2010, 11:35
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Re: Ricardo bidding system rant!

Ricardo is great for payment options - either in cash when meeting or by bank transfer when mailing. Bank transfer doesn't offer the protection that Paypal does, but it avoids all of the other headaches that go with Paypal. I've bought a bunch of stuff through Ricardo lately, almost always paid with bank transfer, and have had zero problems.
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  #28  
Old 14.01.2010, 11:57
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Re: Ricardo bidding system rant!

I would use ebay if it weren't for paypal as well... but now I use Ricardo only just for that reason, you have more liberties when it comes to shipping and payment options.
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  #29  
Old 14.01.2010, 12:06
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Re: Ricardo bidding system rant!

Given the choice between paying via Paypal and transferring money into someone's bank account.... I know which I would rather choose. PayPal is absolutely fine as long as you stick to certain common sense principles e.g. only dispatch your item to a registered PayPal address and if in doubt (e.g. buyer showing up as ineligible for PayPal protection) insist on another payment option. I've had a few instances where I've had to ask PayPal for a refund e.g. goods never arrived, and it was always done quickly and without any issues.
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  #30  
Old 14.01.2010, 15:59
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Re: Ricardo bidding system rant!

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Grrrr, their extended bidding system is so bloody annoying
Unlike Ebay, everytime a buyer places a bid, the end time of the auction is extended for 5 minutes, so an auction that was scheduled to end at 3pm could go on for a couple more hours.
I like exactly this. It is like on a real market or in a bazar, where you when making additional offers automatically stretch the process. And so you can enter very late, and succeed.
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  #31  
Old 14.01.2010, 16:03
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Re: Ricardo!!!

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1. by bidding, you've expressed an interest in which 'validates' the value of item to encourage competition and increase prices
2. people can determine your max bid by typing in a large value and then immediately retracting the bid.

in theory, placing your max bid at the start should give the same result as putting your max bid at the end.

in practice, bidding at the start increases competition, reduces your chance of winning and leads to a higher - which is why people snipe - it works!
If I make a bid, I make an offer just minimally above the last offer, but place a maximum ceiling where I think my limit is. I somebody is determined to go farther up, so be it.
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  #32  
Old 14.01.2010, 16:09
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Re: Ricardo bidding system rant!

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I won an item on Ricardo yesterday. I am supposed to pay the seller directly with cash when we meet. Seems a bit strange, and much different than eBay.
fduvall
I have done so quite often. But I also quite often sent the money by mail. Things always worked.
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  #33  
Old 15.01.2010, 05:07
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Re: Ricardo bidding system rant!

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Given the choice between paying via Paypal and transferring money into someone's bank account.... I know which I would rather choose. PayPal is absolutely fine as long as you stick to certain common sense principles e.g. only dispatch your item to a registered PayPal address and if in doubt (e.g. buyer showing up as ineligible for PayPal protection) insist on another payment option. I've had a few instances where I've had to ask PayPal for a refund e.g. goods never arrived, and it was always done quickly and without any issues.
Transferring money via bank is extremely transparent, easy*, and cost free. I can't see why anyone would prefer paypal. Ricardo is really trust based, I have so many people sending me money in a simple letter, never had any problems. I like it that way, if you really want you can still use paypal, nobody stops you, but it isn't mandatory.

*provided you use ebanking of course. then it takes 30 seconds.
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  #34  
Old 15.01.2010, 08:50
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Re: Ricardo bidding system rant!

a little off the topic, but I've got someone who wants to buy our snowboard on ricardo.....good.......but they want me to post it !! They are happy to pay the postage, which I'm sure won't be cheap, but has anyone ever posted anything big like a snowboard before? I'm not sure how good of an idea it is.
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  #35  
Old 15.01.2010, 08:55
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Re: Ricardo bidding system rant!

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a little off the topic, but I've got someone who wants to buy our snowboard on ricardo.....good.......but they want me to post it !! They are happy to pay the postage, which I'm sure won't be cheap, but has anyone ever posted anything big like a snowboard before? I'm not sure how good of an idea it is.
Use a parcel or courier company. Correct, it's not cheap, but most will pick up large items from your house and take it there direct. Yellow pages should have them in!
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Old 15.01.2010, 09:02
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Re: Ricardo bidding system rant!

I do a lot of selling on Ricardo (my abandoned gadgets need to go somewhere :-) and have to say that I absolutely hate it. If eBay didn't have the massive fraud problem it has, I'd be using that exclusively. Ricardo has absolutely awful customer service, they don't give a rat's ass about loyal sellers, they treat everyone like s**t as soon as they cashed in on their (massive) transaction costs, they do diddly squat about frivolous bids (you always lose money since you only get back the closing fee but no the setup fee for the auction when someone pulls a trick on you) and their billing is borderline illegal (in that the amount they bill is due immediately rather than the 10 days minimum the law provides. If you're on vacation when they bill you, you can easily come back to a locked account and the threat of a payment summons).

Peter
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  #37  
Old 15.01.2010, 21:21
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Re: Ricardo bidding system rant!

OK - Thanks for the feedback...one more question that I forgot to ask...when I pick up the item tomorrow, is it customary to ask to see the item working? In this case, it is a stereo, so I would like to hear it working and make sure that the CD/DVD player actually works. It was represented to be in perfect condition. What happens if it is not?

thnx,

fduvall

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I won an item on Ricardo yesterday. I am supposed to pay the seller directly with cash when we meet. Seems a bit strange, and much different than eBay.
My question, how does Ricardo make money on this transaction?

fduvall
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  #38  
Old 16.01.2010, 09:43
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Re: Ricardo bidding system rant!

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OK - Thanks for the feedback...one more question that I forgot to ask...when I pick up the item tomorrow, is it customary to ask to see the item working? In this case, it is a stereo, so I would like to hear it working and make sure that the CD/DVD player actually works. It was represented to be in perfect condition. What happens if it is not?
You should ask to see it working before handing over the money. When I collected a travel cot, the seller started demonstrating that the cot worked to me and showed me how to set it up and collapse it. I'd used them before when we stayed with family, but it was good to see that it was all working.
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Old 10.09.2013, 22:37
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Re: Ricardo bidding system rant!

so whats teh trick of winning an item on ricardo?
do i enter a maximum bid?and will the other buyers see my maximum bid?
so if they cant see my maximum bid but they try to enter a bid at the alst moment and its under the amount i have put as maximum bid will the listing still extend for anotehr 5 minutes or will i win the item?
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Old 11.09.2013, 08:09
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Re: Ricardo bidding system rant!

can someone reply?
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