AUCTIONS

How to sell SDAs
Already purchased SDAs can be traded and resold exclusively on ChampSDA.
For this purpose ChampSDA organizes auctions on an ongoing basis. To offer SDAs at an auction, the seller must fill out and submit the “Auction Registration” form on ChampSDA in his account. After processing by the ChampSDA team, the auction will be started. This can take several days.

How does an auction work
The following mandatory and optional specifications must be made by the seller when creating an auction:
– The seller must provide data about himself and about the SDA to be sold.
– The seller must specify a starting price, which must not be lower than the initial selling price.
– The seller can specify a minimum price below which the SDA will not be sold.
– In addition, the seller can optionally specify an instant sale price, upon payment of which the auction will end immediately. This price is visible for all users.
– Goodies purchased with the initial purchase of an SDA are not automatically part of the auction. This would have to be explicitly mentioned additionally. ChampSDA does not guarantee that the goodies are really transferred.

After processing by the ChampSDA team the auction will be started. An auction takes on average 7 days, but can be scheduled by the ChampSDA team with any length. Once an auction has been created, it cannot be taken back and once started, it cannot be stopped.
Users can place their bids. After the auction ends, if the item is sold, the seller will receive the last bid amount minus the auction fees. If the object could not be sold, it remains in the possession of the seller. In both cases (sale or non-sale) auction fees are due in any case.

Auction fees
The contribution fee as well as the withdrawal fees are generally 3% of the auction price each. Should the SDA be sold, a success commission in the amount of 7% of the selling price is additionally due for the seller. Action: Until the end of 2022 all auction fees are waived!

How can I participate in an auction
In order to participate in an auction, the participant must register as a user on ChampSDA and deposit a payment method.
After that, one can select an SDA released for auction and view all facts about this item (starting price, current highest bid, remaining auction time).
The participant can place his bid. The highest bidder at the end of the auction, receives a confirmation email as well as after receipt of payment the auction invoice also by email.
In the profile (account), in the Orders section, all completed SDA purchases can be viewed by the highest bidder.