How TeideBid works
An auction between neighbours, from the north of the island to the south. Listing costs nothing, and we only make money when you actually sell.
Selling
Take photos, write an honest description, pick a starting price and how long the auction runs (1 to 10 days). Choose how you get paid: cash on collection, card online, or both. Most of the island prefers cash and collection in person, and that works beautifully here.
While the auction runs, anyone can ask you public questions on the listing. Answer them: listings with good answers get more bids.
Bidding and winning
Bidding is free, and every bid is a commitment to buy. If someone outbids you, you will see it straight away and can bid again. When the clock runs out, the highest bid wins.
Until the auction ends and the protection fee is paid, buyer and seller cannot see each other’s contact details: there are only the public questions. That keeps the playing field level.
Fees, plain and in writing
Cash on collection sale
The seller keeps 100%
The winner pays a small protection fee online to confirm the purchase, then the full hammer price in cash at collection. The fee reserves the item, opens up the seller’s contact details and is refunded if the seller lets you down.
| Final price up to €20 | €1 |
| Up to €100 | €2 |
| Up to €500 | €5 |
| Over €500 | €10 |
Example: a bike hammers at €45. The winner pays €2 online, then hands over €45 in cash. Round numbers, no fumbling for coins.
Card payment sale
5% seller fee, capped at €50
The buyer pays the final price by card and the money is protected until handover. Our fee (5%, minimum €0.50, capped at €50) comes off automatically. No invoices, no surprises.
Payouts land in your bank automatically through Stripe, usually within 2 to 3 working days.
| New seller | 5% |
| Local 10 sales | 4.5% |
| Islander 25 sales | 4% |
| Teide Legend 100 sales | 3.5% |
Ratings, both ways
After every sale, the buyer rates the seller and the seller rates the buyer, the same way a lift-sharing app works. Turning up on time, paying without fuss and describing things honestly all build your reputation on the island.
Badges do the rest: the more sales you complete, the lower your online fee and the more your listings stand out.
What is coming next
We are building TeideBid in stages. You can already browse, sell with photos, bid, ask questions, pay, and chat with the other side once you win. Sols (our sunshine currency for boosting listings) and shops with a name of their own are here now, and setting up your shop is free while TeideBid is new. Regulars get rewarded too: invite a neighbour and you both earn Sols, your protection fee comes back as Sols when you win with cash, and badges from Local upwards bring a monthly bonus.