Lowest unique Bid/Reverse Auctions - get started today
You can run your own lowest unique bid service and generate revenue.
Textvertising offer a fully online service to create and operate a text message based Lowest Unique Bide service (aka Reverse Auction). With this unique service you can invite end users to send in their lowest unique bid using SMS.
Our reverse auction service is use extensively by radio stations and is a great alternative and fun way for end users to interact.
How does it work.
End users text in with a lowest bid (not the highest bid as normal auctions do). In order for someone to win, their bid must be the lowest UNIQUE bid. For example, if two or more have text in with a 1p bid, three for a 2p bid, then the only lowest unique bid available is 3p.
In a real world competition the lowest unique bid could be a few pence or many pounds. The idera is that the person with the lowest unique bid wins or pays the price they bid.
Our service works the same way. The end user sends a text message to request a raffle ticket. An SMS is received which contains their unique raffle ticket number and also a unique ticket identifier which allows only one person to make a claim.
Make it standard rate or charge between 25p & £4.50 per entry.
You have the choice to offer the service to end users at standard rate or at premium rate.
If you would like to charge end users who participate, Textvertising offer rates between 25p and £4.50 and these can be used simultaneously across different competitions to generate revenue from your text competition.
The service also captures all mobile numbers of each end user that enters. These numbers are stored within your account and at any time you can send a message to any or all of your participants in the future.
This is particularly useful where you decide to run another auction and wish to invite the end user to find out more about it and join in if they wish.
What other competition services do we offer?
Compliance and Advice
Please note: Premium rate providers can only activate premium rate services (where end users are charged for interactions) to users registered with The Phone Paid Services authority, the premium rate regulatory body. There is a strict code of conduct surrounding the operation of premium services that user must adhere too. For most users and those who generate less than £10,000 per annum, registration is free.
For more information, please visit our premium text compliance page for further reading and details about registering yourself or your business as a premium rate operator.
The regulations for premium rate services from The Phone Paid Services Authority changed significantly from January 2017. The mobile networks have also introduced multiple new independant regulations as to how services can be operated on each of their networks. This includes the type of service, the number range used and where the services will be advertised.
As such compliance advice and setup has now become quite complex requiring us to provide additional support staff to handle enquiries and submissions. Consequently all new services now have a compliance and setup fee of £250+VAT.
We can no longer offer free advice. If you are serious about creating a premium service and wish to submit an application a payment of £250+VAT is payable in advance.