Make buyers have a deposit before bidding
Have 10% Deposit in account before a bid can be placed. Shows buyer intent. This money should also be forfeited if the buyer ends up winning the site and does not pay. At least there should be some loss to the buyer. Too many dead beats.
There are some people who place fake bids on listings. This is really annoying, because sometimes they end the auction and then just disappear.
It would prevent them if flippa charged new bidders a small amount, say $5, if they pay, they can enter a new auction and place bids. Those who don't win the auction would get the $5s back.
Perhaps a new member with no feedback score who wants to bid more than $100 can be asked to deposit some amount of money to Flippa. The money will be refunded if he/she doesn't win the auction. This will eliminate fraud bidders.
Buyers now need to be premium certified to bid over $2000. This isn’t the complete deposit solution but it provides some measure of protection.
I agree 100% with this suggestion. As a seller, having spent good deal of money in listing fees and time in the auction, reply all messages and public comments and have multiple bidders interested in buying the site, it may ended selling a site to a winning bidder who for whatever reasons refuse to pay. So this creates a hassle not for the buyer or Flippa at all but for the Seller. It is very stressful that after ended the auction without getting paid, then the Seller has to file a Dispute Sale, after waiting for 3 days, and if the Seller wins the auction which is usually the case, Flippa may re-list the site and apply right away all the listing upgrades instead of just giving credit to the seller to apply those credits during the period of the listing.
The buyer does not care at all if you he looses a dispute, suspended or ban. They may open a new account or continue bidding like nothing happened.
That is why it is "Paramount" very important that buyers assume a financial responsibility as buyers should require to give a deposit or any sort of penalty fee if they default a sale.
Sellers NEED protection from phony buyers who bid, win and vanish without any financial loss.
I propose Flippa, Sellers and serious buyers to support the idea of imposing a minimum deposit for any registered buyer at Flippa. Pretty much like any other auction which bidders may be required to leave a deposit to cover damages to the Seller and Flippa itself as the auction company.
Charlie Brooker commented
Hey Dave Why Did My $50 plus $10 plus Featured 30 day ad go off the front page for my site http://scriptsbay.com this not not fair at all when the rest of these ads are still up on the front but mine is not even up there for 24 hours i think i got ripped off on your website for paying the most i could please fix this thanks and please get back to me about this when everyone one elses featured ad is rotated right back on the front page and this seems like you are just favoring them when i paid the same amount as they did
I don't agree with the buyers needing to put down a deposit, as this will scare of many many potential users.
On the other hand, I'm a seller and I do experience about a 30% of winning bids never making the payment.
There is definitely room for improvement on this issue, such as selling it to the 2nd highest bidder, as this is usually only a $5-$10 difference on smaller auctions.
I agree with Ricky Mills. I think $10 deposit in bidders account should be made compulsory.
At least allow an option that sellers will only allow 'certified' bidders. A certified bidder would have to pay a nominal fee, something like $10. This alone would cut out a lot of the idiots we're seeing more and more who bid and vanish.
Sounds fair but should be an escrow account. Sellers should also do same simply because the same can happen with seller too.
There's always justification and those who default for no reason or just spoilers. These will eventually be weeded out by Flippa should they foolishly continue to do so.