Auction Rules Page
Bidding Increments
Bidding increments will vary depending on the auction and price structure. Each auction lot will list the amount of the bidding increment.
Bidding Extensions
Bidding extensions may be allowed, but this is determined by each seller. The auction lot will specify whether bidding extensions are allowed.
Reserve Prices
Some sellers may choose to have reserve prices for their auction lots, while others may not. Each auction lot will specify if a reserve price is set.
Starting Bids
Starting bids are determined by the seller and will be clearly indicated on the auction lot page.
Bid Retractions
Bid retractions are discouraged and may only be allowed in cases of a clear typographical error. In such cases, please contact AuctionsBulk support immediately for assistance.
Winning Bids
Winners of an auction lot will be notified by email and in their account. Payment must be made within 24 hours of winning the auction.
Payment Methods
Accepted payment methods include credit cards, PayPal, bank wires, and ACH. All transactions are secured.
Shipping and Pickup
Winning buyers must arrange for the pickup of their merchandise within five business days unless an extension is requested and approved by the seller.
Auction Cancellations
Auction cancellations are discouraged and may only be allowed under exceptional circumstances, as determined by AuctionsBulk.
Penalties for Non-payment
Non-payment within 24 hours will result in a penalty of 10% of the final auction price. The buyer’s credit card on file will be charged the penalty amount. Repeated non-payment may result in account suspension or banning.
Dispute Resolution
Both buyers and sellers are encouraged to provide documentation in the case of a dispute. AuctionsBulk will mediate and attempt to resolve the dispute fairly for all parties involved. In cases of misrepresentation, the seller may be responsible for return shipping costs and a potential refund to the buyer.
Privacy
We value your privacy. All buyer and seller information is kept confidential and secured through encrypted technology.
Non-circumvention
Both the buyer and the seller agree not to circumvent AuctionsBulk and will not contact each other directly outside of the platform. Penalties for non-circumvention apply as outlined in our terms and conditions.