After purchase discovered this lawnmower was a push mower. I get that there might be some cosmetic damage but knowingly selling things that are broken is ridiculous. Find the item and bid, and see if there's an option to retract a bid. The buyers premium compensates the auction company for bearing the responsibility of representing the products for sale. The competitive bidding process might not exist if the buyer's premium were not . The original company couldnt even help me, since I didnt buy from them. Kevin was great when I said how do I know this electric device will work he said unpack it and showed me outlets to use to try the product! Proxibids goal is to be as transparent and clear as possible about buyers premiums. My account was ban for no reason. If the high bid price is known, the buyers premium is calculated by taking the BP as a percentage times the high bid price. Especially the photos. The . It offers you effective protection from viruses and zero-day threats, a lightweight, clean, and easy-to-use app, and a 30-day money-back guarantee. I understand that with the amount of trucks he receives daily his teams have to really hustle to unload sort, photograph, list, & link to a comparable retail item so u can read more about what it would be like IF, IF, IF it was brand new. MCDiscount is easy to use and the bidding is quick. As an auction liquidator, M@C Discount runs auctions on items that were returned to Big Box retailers for any reason. At Heritage Auctions, the buyer's premium differs by department. And research the item to make sure its what you expect. It is a percentage of the high bid ranging from 2% - 15% depending on the marketplace . 2023 Jones Swenson Auctions. They have someone behind a computer beating your bid until they know they get what they need. Complete transparency throughout the platform produces a safe and secure environment for all participants, allowing both sellers and buyers to be in complete control of every aspect of their activity at Proxibid. MCDiscount works fine but this whole thing is ripping people off. the winning bid announced) of an auction item, or lot. About: Save up to 80% off retail pricing on brand name merchandise with the [emailprotected] Copyright 2023 Aucto. The products are technically used but everything I see is LIKE NEW. Fill out the form above. You can also submit names of dubious businesses or individuals in the comments section. MCDiscount works fine, but buyer beware. Im just dissatisfied, and wanted to make sure everyone is aware of the stipulations of bidding/buying from them. . It is charged by the auctioneer to cover administrative expenses. Who sets the buyer's premium? This review and rank of the website are created confidently based on the powerful factors we have on hand, but attention to detail and common sense are required. The buyer's premium is disclosed to auction bidders prior to the sale. Mac Bid is a SCAM! Key Benefits of M C Discount - Items are typically in perfect/unused condition - You can inspect the item at the warehouse before bidding Be safe from hackers and unwanted bills. Kelani Yogurt Restaurant Equipment Auction, Sound & Lighting Equipment Auction Bid Your Price, 1965 Pontiac Catalina Collector Car & Pontoon Boat Online Auction, Winery Equipment Liquidation Auction Fredericksburg, Texas, $27,500 price including 10% BP: 27,500*.10/1.10 = 2,500 buyers premium, $525 price including 5% BP: 525*.05/1.05 = 25 buyers premium, $10,637.50 price including 15% BP: 10,637.50*.15/1.15 = 1,387.50 buyers premium, $150,000 home selling with a 15% buyers premium: 150,000*1.15 = $172,500, $1,050 wristwatch selling with a 10% buyers premium: 1,050*1.10 = $1,155, $45,000 horse selling with an 8% buyers premium: 45,000*1.08 = $48,600, $253,000 price including 15% buyers premium: 253,000/1.15 = 220,000 bid price, $55,000 price including 10% buyers premium: 55,000/1.10 = 50,000 bid price, $2,100 price including 5% buyers premium: 2,100/1.05 = 2,000 bid price. Auction companies add a buyer's premium to the winning bid to offset auction costs. They are making money on the purchase of coverage to return an item to be sold again and again. This place is a straight up scam. Open Box items may be damaged or have an opened box with missing pieces, so unless the condition of a specific item is explicitly stated, User should not make any assumptions about it other than that it may be ripped, scratched, non-functional or otherwise damaged. We are here to help. The most common one is to help cover the costs of running the auction house and its future auctions. The advantage of online industrial auctions is that they are easily accessible, and can reach a large number of potential buyers. Incognis services were verified by our team and are trustworthy. Why have a damaged distinction if your open box also allows for damaged items?Take some time to inspect the items and be honest with the description. Im sure If he were to buy a salvage truck from Walmart, Sears, Kmart, or places like that, unless hes worked out a deal at a higher %, so they throw him some decent stuff, I'm sure its going to be 80% broken junk or empty boxes because someone stole the contents. For the Scam Detector readers, Guardio offers a 20% discount - get yours now HERE or by clicking below: For more information, you can check out the following educational articles: Make a difference today. However, if this is the website you were trying to find information on, we are happy to provide you with a non-bias review and rank. If you want your private data deleted from the online world, you should contact Incogni right now. I have also got other great things I needed around the house. You just looked up www.mac.bid using our Scam Detectors VLDTR tool to see if this website are legitimate. By taking the $60,500 total price for the John Deere tractor anddividing by 1.10 we get $55,000, which must have been the high bid, prior to adding the buyers premium. Premium Buyer's Club FAQ's. Top Deals; . The purpose of the buyer's premium is to provide revenue for the auction platform. For only $6.49/month Incognito is the best investment you can make. Support +1 (412) 200-5207. We'd be happy to take a look at your story, so hopefully, you'll get your money back. Save up to 80% off retail prices. Daily auctions start at $1 - M@C Discount See if the website is legit with our validator: Kaitlyn Siragusa, known by her online alias, Amouranth, has generated a bunch of scams after, Dropshipping has gained immense popularity in recent years for e-commerce businesses. We do offer the **************** for many of our items as well. What is Buyer's Premium? - ActiveRain All rights reserved. You can get more bang for the buck!!! Share A. BBB Business Profiles may not be reproduced for sales or promotional purposes. #macdiscount #merchandiseatcost #whypayretail #todaystopfinds . mac.bid Review - Scam Detector They really disappointed me and I will tell everyone about the lack of care and consideration for there customers. 1 d 16 h 25 m Pre-bid now! Buyers premium is a percentage of the final bid price, added to such to then calculate the final sales price. Purchased lawnboy lawnmower listed as self propelled. Place Bid Condition: As-Is . (1) MCDiscount does not remove closed auctions at end of auction, it use to place them at bottom of the list, (2) photos can be magnified only in tiny segments but not opened In a separate window. . You know when you search, for example, for a flight and the next time you look at the same search the prices are higher? If not, you can click on the 'Retract a bid' button on this page. Make sure you click Allow or Grant Permission if your browser asks for your location. Im a nurse I work long hours and dont have time for this rudeness especially as a LOYAL CUSTOMER. In auctions, the buyer's premium is a charge in addition to the hammer price (i.e. The buyer's premium at most major auction houses has been slowly creeping higher and now is usually set on a sliding scale as the value increases. Theres a recent trend to list everything as open box when its clearly broken or missing components. This airfryer was not label as damage. This fee helps to offset the costs of setting up and running the auction, including the cost of advertising the auction, processing, and shipping the items, and maintaining the auction site. on Facebook, Share Could you imagine paying several hundred dollars, it not work, and you possibly be out all of that money. Still referring to the Details section above, the scores listed under the Threat profile, Phishing profile, Malware and Spam are what you can imagine. For example, the buyers premium for heavy equipment may be lower than the buyers premium for used equipment. The guys were so helpful walking me to the areas I was looking for the products I Won!! This company & others like it buy truckloads for literally pennies on the dollar. FAQ's for Sellers and Buyers | OhioAuctioneers Christie's also charged no fees to buyers at its South Kensington house in London and at Edmiston in Glasgow. Its complete garbage to use. Bidders should consider the buyers premium when determining their maximum bid amount, to ensure that they do not overbid on an item and end up paying more than they intended. FAQ's. Virtual Chat. Watch the video below to see those 5 red flags that give them away: Last, but not least, we have two more powerful fraud prevention tools that you should know about. Click below. I won an auction for a good paper shredder. [6] Christie's introduced the same price regime on 1 March 1993. And know your business will fail if you don't take care of the valued customers that support you and refer your business. See Terms of Use. Ive got multiple items already and everything was in perfect/unused condition. [11][12], Christie's later announced an amendment to their premium increase effective 30 September 2013. Ive saved so much money and Im completely satisfied with the quality of the items. It has a medium authoritative rank. GE Mac 800 Portable Compact Electro Cardiograph ECG Leads Cardio I still plan on using his site but as the auctions go higher its become less. What Is a Certified Auctioneers Institute Professional? Most everyone takes the final hammer price times the BP and then adds the final hammer price. This was 100% a damaged item that wasnt marked as such & I cant get my money back unless I drive another 80 minutes round trip to return it. A buyers premium is a fee commonly charged by auction companies. Nope! How to Optimize MRO & Spare Parts Inventory to Enhance Operations, Now that you understand what a buyers premium is, why buyers are charged a buyers premium, and how to calculate a buyers premium, you are ready to start bidding in your first, Machinery Auction on the Aucto Marketplace. Auction Terminology 101: What is a Buyer's Premium? Most things you get for half price - so you get some good buys, but you can also get burned on stuff. At the closing, the title agent figures that since a 10% buyer's premium was charged, he can take 10% of $178,200 and give that to the auctioneer. The multiply the final bid by this number to calculate the total including the buyers premium. The buyers premium is charged so buyers are comfortable during the time of auctions and so the auction can operate efficiently. As for the products, its 50/50. A buyers premium is an additional fee that is added to the winning bid amount in an online auction. Because of Covid they load your items into your car without your inspection. It automatically blocks 100x more harmful websites than competitors and 10x more malicious downloads than any other security tool. [5], Beginning on 1 January 1993, Sotheby's charged buyers 15% on goods sold for $100,000 or less. They would not refund and when I complained they suspended my sons account, even though he didn't complain, I did. I hope he/they see this and pass it on to the workers, with my thanks. That would be $178,200 * .10 = $17,820. Anyways, they show you pictures and tell you if something is not working, and if you got doubts, DO NOT BID ON AN ITEM. The biggest issue is that MCDiscount crashes or freezes often. Place Bid Condition: As-Is . The Buyer's Premium is part of the total . What a horrible place. Box in great condition, not working. A buyer's premium is an additional charge on the hammer price or winning bid at an auction that must be paid by the winner. I guess that was too good of a deal because my item ended up being lost(Sold on ebay by the scum bags that work there). The premium can vary depending on several factors, such as: His business has grown well over the past 2 yrs. What is a max bid? Premium Buyer's Club. And don't give you your items this is a scam said in their agreement. Beware! As www.mac.bid is listed under a trendy Auctions niche, we tried to extract an excerpt from their website: This website is trendy, and either has extensions in many languages or login credentials on the homepage. Categories: Auctions, Auto and Shop Equipment, Categories: Auctions, Construction and Industrial, Categories: Auctions, Downsizing or Liquidating, 2023. I bought a cooler, box was in perfect condition, which they re-packed it in. The buyer will pay for the item with the additional premium, along with any other fees that are charged by the auction house such as sales tax. It had to be over 25 dollars (I paid 24 conveniently), and it had to be within 5 days of the auction (I had it shipped to a closer location for me, so it was past that window. Again, conveniently.) That being said, its always a good idea to read the terms and conditions of an online auction before placing a bid. It stipulates both the price the potential buyer is willing to pay and the quantity to be . Bidders need to be aware of the buyers premium, as it can increase the final price of the item. Ive gotten good deals on working items and only 1 or 2 small cost items that were broken or missing 70% of the contents (i.e. Let's take a deeper look at this business review, its Auctions market, as well as at what you can do if you were the victim of a scam already. Boy was I NOT cheesed Anyways, about half a dozen 27-35 in monitors, rugs, etc. The purpose of the buyers premium is to provide revenue for the auction platform. I hope you see this. In auctions, the buyer's premium is a charge in addition to the hammer price (i.e. Turbo Clock Auctions. Ppl will buy broken stuff & BE HAPPY WITH IT..if they know its broken b4 they buy. Many suspicious companies collect your full personal data without your knowledge. Yall skinny guy was very rude. Sellers benefit because it helps to defray many of the expenses associated with conducting an auction. Bid Amount. As a matter of policy, BBB does not endorse any product, service or business. Auction buyers should be aware of a buyers premium before bidding, and buyers should factor that fee into the other costs they should consider before biddingsuch as product condition, transportation logistics, and financing. However, if the proximity to suspicious website score is very high (for example over 80) you can rest assured that the website is definitely risky. We actually encourage inspection before a bid is placed. For example, an item may be subject to a 20% buyer's premium when the bidding is less than $1000, moving to a 10% buyer's premium once the bidding reaches $1000 or more. The winning bidder is required to pay both the hammer price and the percentage of that price called for by the buyer's premium. There'll be an option to do this on the item listing page, or within 'Bids/Offers' in 'My eBay'. [0 Bids] Plus 13.00% Buyer Premium What is Buyer Premium? Posted On: July 6, 2018 by Backes Auctioneers in: Auctions. The Scam Detectors algorithm finds www.mac.bid having a medium authoritative score of 65.70. Clayton has 10 years of experience working in traditional and digital marketing campaigns. They list the items as "open box." I have never gone into the store, and never talked to this man who they thought was my father. 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. MCDiscount can show you items from specific locations, which is important. Cancel a subscription / trial at anytime by blocking the site or app on your Justuseapp Card. Maybe the website contains malware and the owners dont know (or do) and the virus could be transmitted, or the email address used for this business has been reported as spammy. Guardio has over 1 million users and is affordable (only a few bucks a month), it covers up to 5 family members or 5 different email addresses you have accounts with. Not a steep learning curve - but theres some particulars that take a minute to grasp. MAC-LAB/CardioLab for sale Other elements include, but are not limited to, IP address, Tranco rank, modern technology used for their website, SSL certificate, and presence or absence on suspicious website lists. Bid Amount. Refuses returns and says you are taking a chance when you bid on an item - but they clearly mislead and post misinformation on their website. Well u did b4 everyone found it . . i think they got too big too fast. The buyer's premium is a percentage of the winning bid and is tacked on to the final purchase price.
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