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BidatSoldNow Help |
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BidatSoldNow Help |
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The payment process for a Winning Bidder is relatively easy as long as a few simple
rules are adhered to.
Every auction event will adhere to
Terms and Conditions
of
BidatSoldNow
and may have additional terms
specific to that event, as well other important information, please take a few minutes and read them
responsibly.
If you need further assistance please
Contact
Customer Service.
Bid at Sold Now
209 3rd Street West
Maple Lake, MN 55358
*** Please make a
note of your bidding number and the auction you are paying for.
Standard
Payment Methods
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Cash (exact amount
is appreciated)
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Cashier's Check
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Credit Card
(coming soon)
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Company Check (accompanied by a bank letter of guarantee)
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Money Order
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Sales Tax
Applicable taxes will be added to all purchases as required
by the State of Minnesota. To be relieved from the liability of sales and use taxes, winning bidders must either:
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Be in the
business of re-selling similar equipment
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Have tax-exempt status (school, organization, etc), or
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Ship the equipment out of state.
Please send by mail or fax a filed out tax exempt form
to
bidatsoldnow@charter.net before the end of auction.
Special Note: For assets located in the State of Minnesota
Bid at Sold Now can
refund or make exempt from sales tax only those buyers located in
Minnesota who are resellers, non-profit organizations, or religious
organizations and present valid documents to prove this. All other buyers
must pay the tax and claim a refund from the state of Minnesota directly.
Bid at Sold Now will not accept exemption certificates of any kind for
buyers out-of-state that want to claim sales tax exemption for this
auction.
Buyer's Fee
As part of its compensation for auction services,
Bid At Sold Now shall charge and collect for its own account a buyer's premium from each successful bidder in addition to the purchase price as bid. The buyers
premium will be listed on the auction information page for each auction. It will be inserted automatically in every invoice sent to the winning
bidders of every auction event. This is a taxable fee per the State of Minnesota.
This fee will vary based on the auction and affiliate company hosting the
auction, check the auction details page for further details. Below is our
standard fee schedule.
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Online Auction Successful Bidder paying by Cash, Cashier's check, Money Order or Wire Transfer: 10%
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On-Site Successful Bidder paying
Electronically Via Paypal: 10%
Post-Sale Payment Process
Step 1. Receive Invoices
Typically, within 24 hours of the completion of the sale, invoices are
sent via email (or fax) to all successful bidders. Invoices typically
include detailed payment instructions (and exceptions to the terms listed
here).
Step 2. Submit Payment and Supplemental Documents
Within 72 hours of receiving invoices, successful bidders must make
payments by Electronically or by Mail.
*Real Estate winning bidders will be contacted by the broker handling the
sale.
Step 3. Present Proof of Paid-in-full and Remove Assets
Once payments are processed and posted by the Accounting Manager or
Customer Service; invoices reflecting a zero balance (Paid-in-full Invoice) are
issued to paid buyers via email or fax during Bid At Sold Now's regular business
hours. Further instructions may apply for certain events.
The shipper or customer must present the Paid-in-full Invoice when
picking up items at the warehouse.
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