YISWA – The Auction App where Prices Go Down

YISWA is an interesting local auction app where it works the other way around, prices go down instead of going up. It’s a new way to shop where the longer you wait, the better the price gets. But, wait too long and someone else might snatch the item up.

The way YISWA works is items go on sale one at a time in the app. They first get listed with the retail price, and then quickly start dropping down in price. The price keeps dropping until people buy the item and it gets sold out. Because there is no way to tell how many pieces are left in stock or how many people are interested in it, you want to set a price that is both reasonable for you and ensures you don’t miss out on the item.

So for example, starting tomorrow (Tuesday), YISWA will be selling pairs of VIP tickets for the Bassem Yousef and Maz Jobrani comedy show that’s taking place later this month. The retail price for the tickets is 140KD which is how much they will go on sale for. But, once the auction starts, the price will start dropping until the tickets get purchased by someone. The longer you wait, the cheaper the price will get but the higher the chance of someone else buying it.

YISWA have also included some features in the app to make the shopping experience easier. For example, you can preview upcoming auctions and ask the app to notify you when they start. You can also set a buy it now price for the items, so for example, you could set your buy it now price for the 2 VIP tickets at 100KD. If the price drops to your set price, the app will automatically purchase the tickets for you.

If you want to check the app out and just browse, you can do that without needing to sign up. Just download the app and check it out. For the download link, head over to their website

5 replies on “YISWA – The Auction App where Prices Go Down”

They mention transport costs in their terms of use, but I can’t find what that price is. Any idea how much they would charge for transport, as I imagine that’s how they make their money if they are not taking commission.

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