24-01-2015, 23:25
In the rare event of a high bidder failing to pay for the auction they won, Bido will work with the seller to determine the best route - the seller may do any of the following:
1) Continue to wait for the buyer's payment, or
2) Seek another bidder's bid, if applicable, and if the other bidder agrees, or
3) Schedule and run a re-auction at any time of seller's choice, while informing the other bidders about the scheduled re-auction.
In addition, non-paying bidders risk losing their Bido account privileges and Bido reserves the right to demand from the non-paying bidders a payment of the Bido Sale commission (up to a maximum of $40 per Auction). More information is in our Terms Of Service. Please contact support if you need further assistance.
1) Continue to wait for the buyer's payment, or
2) Seek another bidder's bid, if applicable, and if the other bidder agrees, or
3) Schedule and run a re-auction at any time of seller's choice, while informing the other bidders about the scheduled re-auction.
In addition, non-paying bidders risk losing their Bido account privileges and Bido reserves the right to demand from the non-paying bidders a payment of the Bido Sale commission (up to a maximum of $40 per Auction). More information is in our Terms Of Service. Please contact support if you need further assistance.