Online Shopping Auction Wavee.com Launches Rewards Store



Wavee.com (Wavee), a bid-to-buy online shopping auction site that delivers an exciting and rewarding shopping experience, announced today the launch of its new Rewards Store — a program that allows users to earn “Wavee Dollars” for each dollar spent and apply them as significant price discounts on high-demand, brand new consumer goods. This new program positions Wavee as the ultimate shopping destination where customers earn a money multiplier effect. Win and pay less for the item you want (similar to a traditional retailer) and earn a sizeable discount to apply to any other products of your liking.

“While we are launching our new Rewards Store on St. Patrick’s Day, this new program essentially takes all the ‘luck’ out of winning on Wavee as members become winners with every bid,” said Jacky Lai, founder and CEO of Wavee. “The added value can quickly translate into real savings.”

How Wavee Works:
On Wavee.com, the starting price for every product up for auction is always $0.00 (USD) and there is no minimum selling price. Each bid placed increases the product price by the pre-set auction increment, and the timer is increased to a maximum of 20 seconds. The highest bidder when the timer reaches zero wins the auction item, typically at prices discounted up to 90 percent. Bids are priced at 60 cents each.

With the new Rewards Store program, Wavee members earn one “Wavee Dollar” per every dollar spent to purchase credits. This dollar-for-dollar program earns you Wavee Dollars which are redeemable in the Rewards Store for discounts on brand new consumer electronic devices and accessories, including laptops, smartphones, gaming consoles and software.

In addition, bidders who do not win an item at an auction’s close or decide to end the bidding process early can purchase it at retail value, less the dollar amount of their submitted bids.