1. Minimum Deposit Requirement
A refundable deposit of $500 is required to activate online bidding privileges.
This deposit grants buying power up to $10,000, calculated at a 10% deposit-to-buying power ratio.
2. Payment Method & Clearing Time
We only accept ACH or bank transfers for deposits.
Depending on your bank, it may take up to 5 business days for the transaction to clear and reflect in your account balance.
3. Refund Eligibility
Deposits are fully refundable if the following conditions are met:
No bidding activity or purchases have been made within 7 calendar days of placing the deposit, and
The account has no pending payments or unpaid invoices.
4. Forfeiture Policy
If an invoice is not paid in full within 3 business days of issuance, the deposit will be forfeited and applied toward administrative or cancellation costs.
Failure to comply with payment obligations may result in restrictions, forfeiture of funds, or suspension of bidding privileges.
5. Usage of Deposits
Deposits cannot be used to pay for vehicle purchases or applied to other invoices.
Deposits are separate from payment and are intended solely to establish buying eligibility.
6. Refund Processing
Refund requests submitted by 11:15 p.m. Central Time are processed the next business day.
Banks typically take 1–3 business days to post the refunded amount back to your account.