PAYMENTS

Payment is expected immediately following the Auction, on the day of the Auction. For general property online auctions on the Proxibid® platform, the credit card on file with Proxibid® will be charged following the auction. For titled vehicles or heavy equipment auctions, refer to the Terms & Conditions for that auction for payment terms.  Wire transfer instructions will be provided to winning bidders for auctions requiring a wire transfer for payment.  ALL items invoiced to a bidder must be paid for prior to the bidder removing ANY of the items on their invoice. Bidilla, Inc. is both contractually bound and legally bound to pay Sellers within certain time frames.  Because of this, if any payment is past due five (5) days following the auction, there will be a 5% late fee assessed to your invoice. If full payment not received by 5PM Eastern Time on the seventh (7th) day following the Auction, the nonpaying bidder will have their bidding privileges revoked by Bidilla, Inc and for online auctions on the a Proxibid® platform, a dispute will be filed against them.  AT THIS POINT, THE AUCTION IS CLOSED AND IT IS TOO LATE TO MAKE A PAYMENT.  ANY DISPUTE FILED ON THE PROXIBID® PLATFORM WILL REMAIN.

 

CURRENCY

Currency Type: United States Dollars

 

BUYER’S PREMIUM

A Buyer’s Premium is a Fee or Commission charged to the Buyer.  It is NOT a fee to bid.  The only person who pays a Buyer’s Premium is the high bidder who becomes the buyer.  The Buyer’s Premium is expressed as a percentage.  Typical Buyer’s Premiums at Bidilla, Inc. auctions are 10% and 15%.  This is calculated on the high bid and added before calculating Sales Tax.  If the auction Terms & Conditions stipulate a 10% Buyer’s Premium, and you want to spend no more than $100 on the lot prior to sales tax, only bid to $90.  If you are declared the high bidder at the close of the lot, you will be invoiced for the $90 bid + a $9 Buyer’s Premium (10% of the $90), totaling $99.  Sales tax. if owed, will then be calculated on the $99 total.

 

SALES TAX

Bidilla, Inc. collects sales tax, both state and local, based on the location of the auction.  In most cases, you will be charged sales tax at the rate for the auction location where you or your agent pick up the merchandise.  Most State Departments of Revenue require that sales tax be calculated on the total invoice amount including the Buyer’s Premium.  If you are purchasing for resale or are tax exempt, please email a scan or photo of your resale certificate or your tax exempt certificate prior to the auction.  You can email your certificate to info@bidilla.com.