This article describes how auction deposits are used by sellers on Proxibid.
This article contains the following sections:
To help keep Proxibid secure, sellers have the ability to set requirements for event participants. Some sellers may require a deposit in order to finalize approval to bid in their event. As such, deposits are taken by the seller directly. Deposits do not guarantee that a bidder will win any lots in an auction.
Deposit requirements should be laid in the event's Terms of Sale. For questions or concerns not outlined in the Terms of Sale, contact the seller directly.
If a bidder attempts to place a bid in an event requiring a deposit, a banner will appear at the top of the event catalog. Click the Click Here to Apply link to submit a deposit.
A pop-up window will open detailing the amount to be held and the card it will be taken from.
Click on Use card ending in XXXX button to approve the deposit. To use a different credit card, click on the Select Card button and then either select an available card that has been saved to the account, or add a new card.
Sellers generally apply deposits toward the purchase price in the event a lot is won. If no lots are won, deposits are generally returned 24 to 48 hours after the event ends, however, this may vary from seller to seller and event to event.