How Afrinada auctions work

Afrinada is a pan-African auction platform: vehicles, electronics, art and luxury, liquidations, titled real estate and institutional sales. Three sale modes exist: the classic auction, the auction with Buy It Now, and fixed price first come first served. Every payment goes through an Afrinada escrow and every seller is verified (KYC).

Yes: the money for a purchase is locked in escrow at Afrinada and the seller is only paid when they scan your pickup code, handed over in person. If the handover does not take place, the seller is never paid. The lot description is the binding contract and a claim procedure exists (48 h standard, 30 days for real estate).

Create an account (20,000 FCFA welcome credit offered), verify your phone (KYC level 1), then bid or buy immediately. You then pay into escrow (Mobile Money or card) and collect the lot with your single-use pickup code.

It is impossible to “steal” a sale at the last second: any bid placed within the closing window automatically extends the sale, with extensions that get shorter each time. Examples of windows by category: Agri-food machinery 3 min (+120 s per bid), Agro-pastoral produce 3 min (+120 s per bid), Computing equipment 3 min (+120 s per bid).

The commission depends on the category : Agri-food machinery 10 %, Agro-pastoral produce 6 %, Computing equipment 8 %, Building materials 10 %, Other 10 %, Electrical & energy 10 %, Electronics 8 %, Fashion & beauty 10 %, Hardware & tools 10 %, Home & office 10 %, Liquidation 6 %, Art & Luxury 12 %, Mining products 5 %, Production machinery 10 %, Scrap & recycling 6 %, Vehicles 5 %. A seller's first lot carries no commission (0%), and loyalty levels (Silver, Gold, Platinum) automatically reduce the rate. The buyer pays no commission at all.

KYC (identity verification) has 4 levels. Level 0: browsing only. Level 1 (verified phone): bids up to €1,524.5. Level 2 (verified ID document): up to €10,000. Level 3 (certified professional): no limit, with access to real estate and institutional sales.

When a seller enables it, a “Buy It Now” price is shown in green on the lot page: the first buyer to accept it wins the lot instantly and the sale closes for everyone. Execution is atomic: two buyers can never buy the same lot.

After payment into escrow, the buyer receives an 8-character single-use pickup code. At the in-person handover, the seller enters or scans this code: the escrow is released at that very moment and the seller is paid. Four options exist: pickup, delivery by the seller, carrier, or the buyer's choice.

The lot description is the legally binding contract. A claim opens within 48 h (30 days for real estate). Mediation follows three steps: direct resolution within 24 h, Afrinada mediator within 48 h, then arbitration within 72 h. While the dispute is open, the money stays in escrow.

Every property has its land title verified BEFORE listing, mandatory GPS coordinates and a KYC level 3 certified seller (buyers: level 2 minimum). A deposit of 15 % is locked in escrow, and the balance goes through a partner notary within 30 to 90 days.

Every member has a unique referral code. The referrer earns a commission on their referees' purchases during their attribution period, and buyers accumulate cashback on every purchase, credited to their Afrinada wallet.