Terms of Service & Privacy Policy

1. Introduction

Welcome to ExitBid.io ("Platform", "we", "us", "our"). These Terms of Service ("Terms") govern your access to and use of the ExitBid.io website, services, and all related tools and features.

By creating an account or using our Platform, you agree to be bound by these Terms. If you do not agree, do not use ExitBid.io.

ExitBid.io is an online marketplace that facilitates the buying and selling of online businesses through a time-limited auction format. We provide the platform infrastructure; we are not a party to transactions between buyers and sellers.

2. Definitions

"Platform" — The ExitBid.io website, all associated services, APIs, and tools.
"User" — Any individual or entity who creates an account on ExitBid.io.
"Seller" — A User who lists a business for sale on the Platform.
"Buyer" — A User who places a bid on a listed business.
"Listing" — A business offered for sale on the Platform, including all submitted information, media, and documentation.
"Auction" — The time-limited bidding period during which Buyers may place bids on a Listing.
"Bid" — An offer by a Buyer to purchase a Listing at a specified price.
"Escrow" — An optional service where funds are held by a third party until transaction conditions are met.

3. Account Registration

3.1 Eligibility

You must be at least 18 years of age to create an account and use the Platform. By registering, you represent and warrant that you meet this requirement and have the legal capacity to enter into binding agreements.

3.2 Accurate Information

You agree to provide accurate, current, and complete information during registration and to update such information as necessary. ExitBid.io reserves the right to suspend or terminate accounts with inaccurate or misleading information.

3.3 Account Security

You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account. Notify us immediately at support@exitbid.io if you suspect unauthorized access.

4. Listing & Auction Rules

4.1 Listing Fee

Sellers pay a one-time listing fee of $150 USD (or equivalent in cryptocurrency) to submit a business for sale. This fee is non-refundable except as described in Section 8 (Money-Back Guarantee).

4.2 Auction Duration

All auctions run for a standard period of 5 days from the moment the listing is approved and published. Sellers may purchase extensions of 2 additional days for $50 each, up to a maximum of 3 extensions.

4.3 Moderation

All listings undergo manual review by our moderation team. We verify revenue claims, assess product quality, and ensure compliance with our guidelines. We reserve the right to reject any listing that does not meet our standards.

4.4 Exclusive Slots

ExitBid.io maintains a maximum of 14 active auction slots at any time. Listings are queued and published as slots become available.

5. Bidding Rules

5.1 Bid Fee

Each bid placed requires a fee of $10 USD. This fee is non-refundable, regardless of whether you win the auction.

5.2 Binding Bids

All bids are binding commitments. By placing a bid, you agree to purchase the listed business at your bid price if you are the winning bidder. Failure to complete a winning transaction may result in account suspension.

5.3 Bid Increments

The minimum bid increment is $500 USD. Bids must exceed the current highest bid by at least this amount.

5.4 Auction Completion

The highest bidder at the conclusion of the auction period wins. In the event of technical disputes, ExitBid.io's records are final.

6. Payments

6.1 Payment Methods

ExitBid.io currently accepts payments via cryptocurrency through NowPayments, supporting over 100 different coins and tokens. Card payments are planned for future release.

6.2 Processing

Cryptocurrency transactions are typically confirmed within 10-60 minutes depending on network congestion. Listing fees and bid fees are processed immediately upon submission.

6.3 Direct Transactions

Transactions between buyers and sellers (the purchase price of the business) are conducted directly between parties or through our optional Escrow service. ExitBid.io does not take a commission on the sale price.

7. Escrow Service

7.1 Optional Service

ExitBid.io offers an optional Escrow service to facilitate secure transactions between buyers and sellers. Use of Escrow is not mandatory but is recommended.

7.2 Escrow Fee

The Escrow service fee is 3% of the transaction amount, paid by the buyer unless otherwise agreed.

7.3 Dispute Resolution

In the event of a dispute during an Escrow transaction, ExitBid.io will review evidence from both parties and make a determination within 14 business days. Our decision is binding for the purposes of fund release.

8. Money-Back Guarantee

          If your listing does not pass our moderation review, you are entitled to a full refund of the $150 listing fee. Refunds are processed within 5 business days to the original payment method.
        

This guarantee applies only to listings rejected during initial moderation. It does not apply to listings removed after publication for policy violations.

9. Prohibited Content

The following types of businesses and content are strictly prohibited on ExitBid.io:

Businesses involved in illegal activities in any jurisdiction
Listings with fraudulent or intentionally misleading information
Businesses that facilitate spam, phishing, or malware distribution
Businesses that violate intellectual property rights of third parties
Adult content, gambling (where illegal), or controlled substances
Businesses with fabricated or manipulated revenue data

ExitBid.io reserves the right to remove any listing and suspend any account that violates these prohibitions without refund.

10. Limitation of Liability

ExitBid.io provides a marketplace platform and is not a party to transactions between buyers and sellers. To the maximum extent permitted by law:

We do not guarantee the accuracy of any listing information provided by sellers.
We are not responsible for the quality, safety, or legality of listed businesses.
We are not liable for any direct, indirect, incidental, or consequential damages arising from use of the Platform.
Our total liability shall not exceed the fees you have paid to ExitBid.io in the 12 months preceding the claim.

11. Modifications

We reserve the right to modify these Terms at any time. Material changes will be communicated via email or in-platform notification at least 14 days before taking effect.

Your continued use of ExitBid.io after such changes constitutes acceptance of the modified Terms.

12. Contact

For questions about these Terms of Service, please contact us:

Email: support@exitbid.io
Platform: Through your Dashboard messages

1. Information We Collect

1.1 Account Data

When you create an account, we collect information you provide, including:

Display name and email address
Password (stored securely using industry-standard hashing)
Profile information (bio, avatar, phone number if provided)
Payment wallet addresses

1.2 Usage Data

We automatically collect certain information when you use the Platform:

IP address and approximate geolocation
Browser type, operating system, and device information
Pages visited, features used, and time spent
Referral source and search queries
Bid history and transaction records

2. How We Use Information

We use the information we collect for the following purposes:

Service delivery — Operating the Platform, processing transactions, and managing your account
Communication — Sending notifications about your auctions, bids, and important account updates
Improvement — Analyzing usage patterns to improve features, performance, and user experience
Security — Detecting and preventing fraud, abuse, and unauthorized access
Legal compliance — Meeting our legal obligations and enforcing our Terms of Service

3. Data Sharing

          We do not sell your personal data. We never have and never will sell your information to third parties for marketing or advertising purposes.
        

We may share information in limited circumstances:

With transaction counterparties — Limited information shared between buyers and sellers as needed to complete transactions
Service providers — Third parties who help us operate the Platform (payment processors, hosting providers, analytics)
Legal requirements — When required by law, legal process, or governmental request
Business transfers — In connection with a merger, acquisition, or sale of assets (with prior notice)

4. Data Security

We implement industry-standard security measures to protect your information:

Encryption — All data transmitted to and from ExitBid.io is encrypted using TLS 1.3
Secure storage — Sensitive data is encrypted at rest using AES-256
Access controls — Strict internal access policies limit who can view user data
Regular audits — We conduct periodic security reviews and vulnerability assessments

While we take extensive precautions, no method of electronic transmission or storage is 100% secure. We cannot guarantee absolute security.

5. Cookies

ExitBid.io uses cookies and similar technologies for:

Essential cookies — Required for authentication and basic Platform functionality
Preference cookies — Remembering your settings and preferences
Analytics cookies — Understanding how users interact with our Platform

You can manage cookie preferences through your browser settings. Note that disabling essential cookies may impair Platform functionality.

6. Your Rights

You have the following rights regarding your personal data:

Access — Request a copy of all personal data we hold about you
Correction — Update or correct inaccurate information
Deletion — Request deletion of your account and personal data (subject to legal retention requirements)
Export — Receive your data in a portable, machine-readable format
Opt-out — Unsubscribe from marketing communications at any time

To exercise these rights, contact us at privacy@exitbid.io. We will respond within 30 days.

7. Contact

For privacy-related questions or concerns:

Privacy inquiries: privacy@exitbid.io
General support: support@exitbid.io

Legal