Question 1

What is CariBid?

Accepted Answer

CariBid is the leading online auction platform in the Dominican Republic, designed to offer a safe and accessible market where buyers and sellers can participate in auctions of real estate, vehicles, livestock, and items donated by organizations. Our platform ensures transparency and ease in every auction transaction.

Question 2

How do car auctions work at CariBid?

Accepted Answer

Car auctions at CariBid allow users to bid on a wide variety of vehicles, including new, used, and salvaged cars. Simply browse the available cars, place your bid, and monitor the auction in real-time. If you win the auction, the car is yours after completing the transaction. If you don't win, your funds are fully reimbursed.

Question 3

How do real estate auctions work at CariBid?

Accepted Answer

Real estate auctions at CariBid allow buyers to bid on residential, commercial, and land properties in the Dominican Republic. Each listing includes detailed property information. Bids are secure and transparent, and if you win, you can finalize the purchase directly through our platform.

Question 4

Is it safe to participate in CariBid auctions?

Accepted Answer

Yes, CariBid prioritizes security and transparency. We place a hold on funds for each auction to ensure your participation. If you do not win the auction, your funds are reimbursed. Additionally, our platform uses secure payment options to protect all transactions.

Question 5

How can I participate in an auction on CariBid?

Accepted Answer

To participate, simply register on CariBid and browse the available auctions, such as car auctions and real estate auctions. Once you find an auction of interest, place a bid and pay a small percentage fee to enter the auction. This fee allows you to bid freely until the end of the auction.

Question 6

What happens with my payment when I place a bid?

Accepted Answer

When you place a bid on CariBid, a hold is placed on your credit or debit card for a portion of the payment. If you win the auction, this hold is charged as part of your final payment. If you do not win, the hold is released according to your bank's policy, usually within 7 to 30 days.

Question 7

Can I participate in multiple auctions at the same time?

Accepted Answer

Yes, you can join multiple auctions on CariBid, including car auctions, real estate, and other categories. Each auction will require a separate hold on your payment card, which will be maintained until each auction ends.

Question 8

What is the payment hold release period if I don't win?

Accepted Answer

If you do not win an auction, the payment hold on your card will be released. The release period depends on your bank's policy and usually ranges from 7 to 30 days. CariBid processes the release immediately, but the exact timing is determined by your bank.

Question 9

Does the auction entry fee apply to my final payment?

Accepted Answer

Don't worry! At CariBid, participating in auctions is completely free for bidders. This amount is covered by the seller through their commission. So, you can bid at no additional cost and focus on winning your next auction.

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