Buying Guide

Master the art of successful bidding and buying

Learn how to bid successfully, understand our auction system, and make safe purchases on Soko. From placing your first bid to completing transactions safely, this guide covers everything you need to know.

Important: Soko does not process payments. All transactions happen directly between buyers and sellers. Always meet in safe, public places and inspect items before paying.

How to place a bid

Master the art of successful bidding

Find an item you want to bid on

Review all photos and read the description carefully

Check the seller's rating and reviews

Note the current bid amount and time remaining

Enter your maximum bid (the most you're willing to pay)

Click "Place Bid" to confirm - this is a binding commitment

You'll be notified if someone outbids you

If you win, the seller will contact you to arrange payment and pickup

Understanding reserve prices

What reserve prices mean and how they work

A reserve price is the minimum amount a seller will accept

Items with reserves show "Reserve not met" until reached

You can bid below the reserve, but won't win unless it's met

Once the reserve is met, the highest bidder wins

Reserve amounts are hidden from bidders

Look for "No Reserve" auctions for guaranteed wins

Ask the seller about reserve amounts if you're unsure

Payment methods

How payments work on Soko

Soko does NOT process payments - all transactions are direct

Common payment methods: cash, bank transfer, mobile money

Cash is often preferred for local pickups

Bank transfers provide a paper trail for expensive items

Never pay before inspecting the item in person

For expensive items, consider meeting at a bank

Always get a receipt for your records

Report any payment issues to Soko support

Bidding strategies

Tips to improve your chances of winning

Set your maximum bid early and stick to it

Research similar items to know fair market value

Bid in odd amounts (e.g., $27 instead of $25)

Watch auctions ending at different times

Don't get caught in bidding wars - set limits

Consider shipping costs in your maximum bid

Last-minute bidding can be effective but risky

Use the watchlist to track items you're interested in

Auction timing

Understanding how auction timing affects your bids

All times shown are in your local timezone

Auctions typically run for 3, 5, or 7 days

Some auctions have "Buy It Now" options

Auto-extend: some auctions extend if bids come in late

Set reminders for auctions ending soon

Popular items get more bids near the end

Early morning endings often have less competition

Weekend endings typically see more activity

Quick Buying Tips

Stay Safe

Always meet in public places and inspect items before paying

Set Limits

Decide your maximum bid before the auction gets exciting

Watch Timing

Monitor auction end times and set reminders for items you want

Ready to Start Bidding?

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