Settlement – After the auction takes place, the seller will receive a copy of all transactions that took place, including a list of all registered bidders, all assets sold and their respective price, and the total amount sold. Auctionbid will remit funds less operational and marketing expenses for conducting the auction to the seller up to 20 days after conclusion of the auction. This is due to online credit card settlements and any other type of electronic payment.
Posted in Auction Blog
