on ▁internet ▁access ▁by ▁business es ▁and ▁private ▁users ▁in ▁South ▁Africa . ▁bid or bu y . co . za ▁soon ▁became ▁the ▁largest ▁online ▁market place ▁of ▁its ▁kind ▁in ▁South ▁Africa ▁and ▁Africa . ▁ ▁In ▁ 2 0 1 0 , ▁bid or bu y ▁made ▁an ▁invest ment ▁into ▁Pay F ast . co . za , ▁a ▁local ▁online ▁payment ▁solutions ▁company . ▁ ▁In ▁May ▁ 2 0 1 4 ▁bid or bu y ▁inv ested ▁into ▁the ▁e - commerce ▁company ▁u A frica . com . ▁ ▁Basic ▁concept ▁bid or bu y ▁follows ▁the ▁e B ay ▁business ▁model . ▁It ▁is ▁an ▁online ▁au ction ▁site ▁and ▁market place ▁where ▁users , ▁buy ers ▁and ▁sell ers , ▁trans act ▁with ▁each ▁other . ▁Anyone ▁over ▁the ▁age ▁of ▁ 1 8 ▁can ▁trans act ▁on ▁the ▁site , ▁providing ▁they ▁respect ▁the ▁site ' s ▁terms ▁and ▁conditions . ▁The ▁aim ▁of ▁the ▁consumer - to - consum er ▁au ction ▁sites ▁and ▁market p laces ▁like ▁bid or bu y ▁is ▁to ▁supply ▁a ▁trad ing ▁model ▁that ▁enables ▁small ▁ret ail ers , ▁or ▁even ▁h ob by ▁sell ers , ▁to ▁be ▁seen ▁by ▁a ▁larger ▁audience ▁of ▁potential ▁customers , ▁who ▁may ▁be ▁ge ograph ically ▁distant . ▁For ▁buy ers , ▁such ▁sites ▁supply ▁a ▁place ▁to ▁go ▁to ▁buy ▁comm od ities ▁at ▁disc ount ed ▁prices , ▁second - hand ▁items ▁or ▁difficult ▁to