Buyer Verification involves a pre-authorization that is applied before a bid can be placed in an auction or an offer placed on a classified listing. These are:
- USD $5 pre-authorization charge for all bids or offers over USD $200.00
- USD $500 pre-authorization charge for all bids or offers over USD $5,000.00
These verifications are not debits or charges, but card holds that we place for the above amounts similar to the hold that hotels place on your card when you check into a room for incidental charges.
When you try and make a bid or offer over $200 or $5,000, you will be asked to complete a the Buyer Verification process.
- We'll ask you to enter your debit/credit card information. This is secure with our card processor, Stripe, and this information won't be used to process payments.
- We place a temporary hold on your credit card. This hold is removed in as soon as three days by your bank or card issuer.
- You'll then be redirected to the listing page, where you can place your bid or make your offer.
Please note that these are one-time pre-authorization amounts. Once a pre-authorization has been completed your account is enabled to bid at that level permanently and will not be asked to verify again.
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