Buyer's premium (BP) is a percentage that is added on top of the final bid price. BP will be collected on every item sold on K-BID. This percentage can be found in the terms for each auction, but is typically 15% and is capped at $1,500/item (real estate excluded). For example, a $100.00 winning bid will equal an invoice amount of $115 plus applicable sales taxes.
Buyer's Premium Rate |
Cap |
15% |
$1500 |
Buyer’s Premium – Real Estate
The buyer’s premium on real estate auctions is not capped and varies by auction. The buyer’s premium for a real estate auction will be listed in the terms for that auction.
Credit Cards
Credit card payments are not accepted for more than $5,000; unless otherwise stated in the auction terms.
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