Q. Exactly how do JeetLe work?
A. Registered users place bids on selected items offered by JeetLe Reverse Auction through a sealed bid process. Bidders pay an auction entry fee to place their bids in the auction. Their aim is to place the lowest unique bid, that is the lowest unique bid in Rupees that no one else will place. Users are notified of the status of their bid after the bid is submitted by email and on-screen. If the status of a user’s bid changes throughout the auction (eg a unique bid is matched and becomes no longer unique) then the user is notified by email.Every auction is limited to a specified number of bids (e.g. maximum 150) or a time limit (eg 29th June, 2010). As soon as that limit is reached, the auction automatically closes. After the auction has closed, the winner is the user who has placed the lowest unique bid.
