Buyer's Premium

The buyer’s premium is an additional percentage that is added to the final cost of each lot that is purchased. This fee is used to cover the costs of marketing, managing, and running the auction. The current buyer’s premium is 15.00 %. The buyer’s premium is taxable.  

For example, if the final bid for a lot is $100.00, a buyer’s premium of $15.00 will be added.

Payment Information

At auction completion you will have two (2) business days to pay your balance in full. All payments must be completed online.  If you have the winning bid on a lot you will receive an email with instructions on how to complete your payment and schedule your pickup.  

Currently, we accept the following payment options:

• Visa®
• MasterCard®
• Discover®
• American Express®
• Wire transfer

If you have not paid your balance in full within two (2) business days, we reserve the right to charge the remaining balance along with a ten (10) dollar processing fee to the authorized credit card.  

Buyers are responsible for trucking and providing an experienced person to oversee their load out to ensure your trailer is loaded fully and properly. It is not required for an experienced person to oversee loading, but loading will be done by a third party at their discretion, not discretion of buyer. Crossbid LLC does not have control of the way the racking is loaded onto the flatbeds. Racking will be taken down over a six to eight week period. When a full truck load is down and ready for pickup the buyer will be notified at which point they will have 2 days to arrange a FLATBED trailer ONLY to pick up the racking. If for any reason the buyer wants the items loaded into a container the buyer will be responsible to provide labor and a forklift at that time.

Removal and Failure to Remove Items: Each purchased item must be removed from the auction site without damaging any other property and within the time announced or posted for such item. All costs, responsibility and risk of such removal is borne by buyer and, in every case; buyer will use prudence and care in such removal. If buyer fails to remove any purchased item within the time specified, CrossBid has the right but not the obligation, in its sole discretion, to resell, discard or remove or store, at buyers sole risk and expense (storage costs will be charged at $15 per day - per item - other costs additional), without waiving any rights that CrossBid or seller may have.

Sales Tax

The appropriate sales tax for each lot is your responsibility to pay and will be collected during the checkout process. 

Tax will be collected at all times except for the following:

• You are located outside the state where the lot is located and are not required by your state to pay sales tax.  However, you would be responsible to pay any sales and/or usage tax that your state and/or local government require.
• You are tax exempt.

If you have any questions regarding our policy on sales tax, please call us from 9:00 am to 5:00 pm EST at (616) 608-8411.