Living up to its reputation for offering the best bang for your buck, Banggood has kicked off a $0.01 Snatch, giving its loyal users an unmissable chance for winning great prizes.

In order to participate in the event, you need to visit the product details page by clicking on a product. Next, you head straight to the order payment page by placing your order and invite a friend to join your team after making the payment.

The following steps involve your friend opening the app by clicking on the shared link, joining the team and completing the order payment. It is imperative for enough of your friends to join your team before the countdown ends for your team to be eligible for the lucky draw.

Results will be announced one hour after the event comes to an end. While winning order will be shipped, those who did not win or couldn’t complete a team will receive a refund in their BGpay account.  If you have used point payment, it is worth noting that the points used will not be refunded.

There is a slew of other things that you need to bear in mind before participating in this $0.01 snatch. First off, you need the app to create and join a team. You can create or join only one group. The stock of products is limited so if you are unable to purchase due to insufficient stock, your order will be refunded to the BGpay account.

It is also worth mentioning here that winners will be selected from all completed teams. Only one member will be randomly chosen from selected teams, while other team members will not receive anything.

For instance, if a snatch round began at 9:00 and ended at 10:00 and there are a hundred prizes for this round with 1000 completed teams, only 100 participants will be selected as winners. A hundred teams will be randomly selected and one member from each of these teams will be randomly selected to win.

The global versions of the Xiaomi Mi Play and the Redmi 7 smartphones are currently up for snatch on the event page. You can click here to visit the event page to participate in the Once Cent Snatch and stand a chance of winning amazing products.